That is the wrong wy to think about it. If you want to take an analogy, and I still dislike it but if pushed, I would call it sportsbetting. There is a degree

That is the wrong wy to think about it. If you want to take an analogy, and I still dislike it but if pushed, I would call it sportsbetting. There is a degree of chance (lets stop using luck) about both start ups and sportsbetting. They depend on forces outside of one's control. However, a lottery mathematically dictates that you will have a poor outcome of winning and all you can do is increase your probability by buting tickets. A startup has more control over how it operates. A gambler can watch tapes and use past performance to find a perceived mismatch between the spread or gaming lines, and their appraisal. Many gamblers are unsuccessful. However there is a reason that the same couple guys seem to make it to the end of the world series of poker every year[0]. Peter Theil discusses it in depth in You're not a lottery ticket[1]. Startups are risky as hell and even smart people with good ideas fuck them up. However, smart people with good ideas only rarely win the lottery[2] [0]amnended qoute from rounders. https://m.youtube.com/watch?v=g7VMjutSNHk https://m.youtube.com/watch?v=g7VMjutSNHk [2]http://m.nydailynews.com/news/crime/mit-students-scammed-massachusetts-state-lottery-8-million-report-article-1.1128482 http://m.nydailynews.com/news/crime/mit-students-scammed-mas...