Missed Opportunity
IllustrationStory★★★★About forty years ago, Victor Kiam, the Remington Shaver entrepreneur, ignored a chance to obtain exclusive rights to an unknown product because some colleagues criticized it. The product was Velcro. Kiam’s perspective is that “it’s just another blip in the road. Besides, if I hadn’t learned from that lapse of judgment by not having confidence in myself, I never would have bought Remington.”
The point
Victor Kiam missed the chance to invest in Velcro but later learned from this failure of confidence.
