Fubu founder Daymond John discusses failure and success in a video interview on the Forbes YouTube channel. John goes on to discuss making lemons out of lemonade, admitting he most likely made more mistakes then successes achieved. He goes on to talk about how he took out a 120,000 line of credit against his home mortgage and had lack of financial knowledge at the time. He goes on to discuss how some business owners possibly spend up their business loan funds on unnecessary things before earning one dime from their new business venture. Daymond also touches on some of his failed business ventures while running his company Fubu, such as failing in the music industry and losing $4 million. This is a great interview on Forbes for aspiring and current entrepreneurs looking to learn more about running their own businesses and learning from failure. Every successful entrepreneur today experienced some type of failure. If you're one of those people that experienced failure in the past and po
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