We’re in Los Angeles this week working with a group of newspaper editors and sales professionals on ideas for new media ventures. For a presentation on rapid-fire decision-making and the virtues of failure, we put together a short collage of some great videos from Fail Blog, a site that celebrates the mediocre and the unexpected. We hope you enjoy it! (4:20)

This week’s meeting looks at ways to apply social media to build audience and revenue. You can follow the very active Twitter account at hash tag #KDMCLEADER or subscribe to the feed in your RSS reader.