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?
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@paulg@albertwenger From what I have seen...yeah. Luck has way more to do with startup success than founders/VCs like to think.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg as a first approximation luck is multiplicative with skill, effort, etc -- can go from not so important to critical at any moment -
@albertwenger@paulg Jim Collins talked about Luck Events. Concluded most people have the same, successful people capitalize on them better.
End of conversation
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