Google Wave Shutdown
Google announced that they are shutting down what was known as Google Wave. This link takes you to the official Google blog where they discuss the termination of wave here. There are two interesting statements in that post, quoted here:

But despite these wins, and numerous loyal fans, Wave has not seen the user adoption we would have liked.

Wave has taught us a lot, and we are proud of the team for the ways in which they have pushed the boundaries of computer science.

These are two interesting statements for entrepreneurs.

Even the Best Fail
The two statements above are very interesting if you read them without considering who is saying them. For those entrepreneurs out there that have been involved in many different businesses and startups these are words they have heard often or uttered themselves. Many times ideas, products, services, are thrown at the wall and some stick and some do not. Much like Google Wave did not obtain enough user adoption. Never stop trying because as you can see even Google can fail.

Great Teams
The second statement that grabbed my attention was Google’s acknowledgment of their team. Individuals involved in the business are one of the greatest assets a company has. Creating a great team is very difficult. It is always tough to find those that are passionate about what they do. It is even more difficult to find good managers which I have learned over time. Managers can be a huge asset or a huge liability. A good manager will assure their team has the tools they need to succeed, the rewards, and maintain their passion while helping them see the big picture and relevancy of their work. A good manager is also a good leader. However a poor manager can ruin a company, effecting not only those they are responsible for but also those around them. I have seen amazing individuals leave a company due to a poor manager. So it is nice to see Google acknowledge their teams efforts as I am sure they were passionate and hard working regardless of whether that particular project succeeded.

Lesson Learned
Even big businesses fail, a great reminder for entrepreneurs. So never give up.