The Mistake Bank is a fascinating new social network concept introduced by John Caddell, a one-time telecom corporate type and now a consultant helping companies become more innovative. The idea behind the network is to help people benefit from one anothers’ mistakes and disappointments and to foster a spirit of ‘lessons learned.’
For a long time, I’ve noted that until we get better and learning from intelligent failures, we’re doomed to repeat them. Resources such as this site can only help!
Relatedly, the presence of the social network also takes advantage of another innovation, sparked by upstart Ning. As reported in a recent Fast Company article, Ning has a viral component to it that poises it for explosive growth.