1/ Zero marginal cost of digital technologies is replacing normal distributions with power laws
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@paulg luck is the dominant factor for all individuals starting with where you are born includes start-up founders and investors -
@albertwenger I'm asking about after they walk in your door. Are your most successful founders simply the luckiest? -
@paulg as a first approximation luck is multiplicative with skill, effort, etc -- can go from not so important to critical at any moment - 1 more reply
New conversation -
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@paulg@albertwenger One must be able to take advantage of luck. Both come in various degrees. The best founders scale crumbles of luck.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@albertwenger do you think asking whether luck is a dominant factor in startup success is ironic if you ask it on twitter?Thanks. Twitter will use this to make your timeline better. UndoUndo
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