Bumble CEO Whitney Wolfe Herd on achieving success: ‘The only failure is not trying. Trying and having it not work isn’t failure’
Whitney Wolfe Herd, founder and CEO of Bumble, has constructed a enterprise price over $7 billion in seven years. In its preliminary public providing, Bumble raised $2.2 billion from traders.
Bumble is additionally one of the three female-founded companies to go public in the past year and has made Wolfe Herd a billionaire at 31.
So what is her recommendation on achieving success?
“Start somewhere and go for it,” Wolfe Herd instructed CNBC Make It in 2019.
“Don’t be scared of the ‘what ifs,’ because the truth is, the only failure is not trying,” says Wolfe Herd. “That’s the only way you can fail. Trying and having it not work out isn’t failure.”
In truth, how an individual handles worry can decide whether or not they’re profitable or not, based on Wolfe Herd.
“I think fear and fear of the unknown and perceived failure is what holds people back,” she says. “For me, I am more scared of complacency than having something not work out. I’d rather take a leap of faith and fall than stand on the edge forever.”
Before beginning Bumble in 2014, Wolfe Herd took a significant leap of religion.
At the time, she resigned from Tinder and filed a sexual harassment and discrimination suit in opposition to the corporate. (Tinder denied her accusations. Later that 12 months, the events reportedly settled for about $1 million and stock awards.)
But “going out on my own in 2014 was scary,” Wolfe Herd mentioned. “It was a risk.”
“I am scared of a lot of things, but I try to challenge myself every day to do something that scares me, because 90% of the time, it isn’t as bad as you thought it was,” she mentioned.
To Wolfe Herd, achieving success begins with even the best of steps, like “writing your idea down on a piece of paper and putting it on your bathroom mirror and staring at it for two weeks,” she mentioned. “That’s a first move.”
“You have to start somewhere,” she mentioned. “Historically, a lot of women have been discouraged to just go for it. We’ve been riddled with fear, and the ‘what ifs,’ and the ‘don’t be too out there,’ ‘be demure, be quiet.’ But start somewhere and go for it.”
—Reporting by Sarah Berger
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