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> ...or, you can study up on something called "survivorship bias" and realize most of the "wisdom" in the article is utterly useless. So true...I was thinking
by cubano 11y ago
> ...or, you can study up on something called "survivorship bias" and realize most of the "wisdom" in the article is utterly useless.
So true...I was thinking more along the lines of "How I Created A $200 Million Retirement Account By Buying the Right Powerball Lottery Ticket" but I like yours as well.
- scottlocklin 11y agoHe did go on to found another successful startup. https://doctorbase.com/about/our-team/ https://doctorbase.com/about/our-team/
- randycupertino 11y agoDoctorbase recent got acquired by a SoCal EHR company called Kareo this spring, not sure for how much.
- cubano 11y agoI never meant to imply the guy wasn't driven and had serious business skils...that much is beyond obvious. Just his ability to cold call so many people and secure a $40k angel investment over the phone shows he is miles above most when it comes to dedication and drive. My point was..even with all that, it's still a total crapshoot to strike 9-digit gold.
- scottlocklin 11y agoCertainly true. Also worth remembering that only a small fraction of those 9 digits made it into his pocket. Most of it went to his investors (I know John IRL).