Please read this post at TomorrowToday: Innovation: Failing into the Future. The main message: failure is not an option; it's essential if you want to succeed.
You see, almost all new ideas are bad. And not all bad ideas are obviously bad -- you simply have to try them out to see if they're bad or good. If you don't try out a lot of ideas, you won't find the good ones.
The problem is that most of our organizations have been built to ward off failure at all costs, built around the recognition and rewarding of success. This mindset and practice permeates both the formal and informal structures and it is both tacit and implied.
Are you dedicated to avoiding failure? If you are, please note this: You are also dedicated to avoiding real success. As long as failure avoidance is your motive, your success is going to be limited to things someone else discovered in the past -- in some other time when failure was tolerated.
And most things that work in fundraising slowly lose effectiveness over time. So until you develop a taste for failure, you are on a downward glide-path.
Every success comes after a string of failures. In general, the bigger successes follow more failure.
So embrace failure. It's how you succeed.