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Google is the perfect example of living off just a couple of good decisions made in the past. I wonder how many rich people behave just like Google, i.e. they a

Google is the perfect example of living off just a couple of good decisions made in the past. I wonder how many rich people behave just like Google, i.e. they are touted as being business geniuses but in reality got their wealth from a luckily investment and it has been a struggle ever since

deleted 3y ago
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danielmarkbruce 3y ago
Most companies are this. If you look into detail at the vast majority of successful companies, there is a single product or service that makes the vast majority of their money and it was a combination of hard work, right timing, luck, 6 other things and it's not repeatable. Frank Slootman (CEO of several public companies, now Snowflake) talks about this in his book. He basically says "don't try to build new products, you aren't going to catch lightning in a bottle twice". There are a few great counter examples, (amazon with AWS being the most obvious) but not many.