Luck is a factor in the success of all startups, but you can't succeed as a founder merely by being lucky. If a startup were a single event you could. But although a startup is a single organization, it represents multiple events. So the probability of winning by luck = 1 / 2^n.
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Replying to @paulg
Would you say though that *absence* of luck can doom a startup?
3 replies 0 retweets 18 likes
Replying to @halvarflake
Definitely. It's a factor that can sometimes have the value 0.
0 replies
1 retweet
25 likes
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