Being accepting of failure is a good thing, but you have to wonder about the moral hazard that's being set up here. A person should be able to pick themselves up after a failure, but failure should not be rewarded. You should not be able to go to a conference and brag about your failures. You should not be rewarded for failure with an acquihire and a cushy job at a BigCo. This to me is a key component of the new bubble: the idea that your startup can fail without there being consequences or even be rewarded for failure.