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Why two career failures became my greatest professional advantage
#156213 · 03.08.2026
Work Life

Why two career failures became my greatest professional advantage

After graduating from Oxford, Alex Stephany struggled to find his footing, eventually facing two consecutive terminations from corporate roles. While the experience initially felt like a personal failure, he credits those early dismissals as the necessary catalyst for shifting away from traditional paths toward social entrepreneurship.

The transition from an elite academic environment to the rigid demands of law and management consulting left Stephany feeling deeply alienated. Despite his early academic success, the corporate world proved to be an poor fit for his temperament, leading to a period of professional uncertainty and underemployment as he entered his 30s. The stigma of being out of work weighed heavily, yet this period of forced reflection eventually pushed him to explore the emerging technology sector.

Adopting a smartphone later than his peers, Stephany began networking within the startup scene, a move that fundamentally altered his trajectory. He transitioned from a struggling consultant to the CEO of the parking app JustPark, and eventually founded Beam in 2017. Today, his company employs 200 people across five countries, utilizing AI to support social services. Stephany now views his past failures as essential training for the volatility of startup life, noting that the resilience he built during his years of struggle is precisely what allows him to navigate the constant pivots of entrepreneurship. He rejects the traditional archetype of the tech billionaire, instead aligning his work with a family legacy of social impact.

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