No pain goes in vain! Although not every failure is a stepping stone to success, it is definitely a learning experience.
Every year 9 out of 10 start-ups fail, probably due to lack of resources, guidance, no funding back-up, reckless spending on promotions instead on Research and Development for the product.
Failing is not the end of your journey, you can bounce back with a better action plan to capture the market share. Networking and optimizing your available resources are the two most worthwhile things that even a failed start-up will definitely teach you.
For every start-up to reach its zenith takes its own pace, start-up ecosystems are the best places to learn, grow and evolve your personal skills.
It not only ads to your resume but also your life!
Fiascoes are though not a myth, it highly depends on who is your advisor, a buddy to assist you.