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Gil Penchina has failed in epic fashion, and not just once.

“This is the life of an entrepreneur,” Penchina ’97 told the incoming Class of 2017 during the second day of the school’s Complete Immersion in Management (CIM) Week. “Silicon Valley is a town full of people who are failing all the time.”

But failure, he countered, is often the path to success. And as the keynote speaker of the weeklong orientation for new students, Penchina talked about his time during and after Kellogg while advising the incoming class on how they could best use their time in Evanston.

“Kellogg is a safety net, so you might as well learn how to walk the high wire,” he said. “It’s a great opportunity we have at this school, which is giving you a chance to learn anything.”

Read more about Penchina’s talk.

Read more about Day 1 of CIM.