Josh Kopelman, who writes one of my favorite VC blogs, has a great post today about Failing Cheaper
One of the things that has impressed me most about working for Andy at Judy's Book is our capital efficiency. Frankly, it is not that easy for a venture-backed start-up to use capital efficiently - and we do it well. Obviously, it's very easy to spend money too fast, and almost as easy to spend it too slowly. Experienced entrepreneurs like Andy know how to get it just right.
We can definitely do a better job at 'Failing Faster' - but we already do a great job at 'Failing Cheaper'