Failure doing what you are passionate about is an opportunity to learn, to get better, to come back stronger.
The key driver is to become elite. To be elite and respected usually means you have talent coupled with an intense work ethic..
That's what I associate with American culture looking at it from here in Ireland...I would say that in Ireland for too long failure was frowned upon and it stifled innovation to a degree, whereas now that fear of failure is much less prescient.
Personally I have never feared failure maybe it was my upbringing, I always have been a trier, driven by my passions. I frequently set myself goals and timebox them, keeps the mouse running around the wheel!