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only if success (here defined as creating what becomes a billion dollar company) is iid. its probably not. if you've failed at starting 5 companies, the proba
by andylei 13y ago
only if success (here defined as creating what becomes a billion dollar company) is iid. its probably not. if you've failed at starting 5 companies, the probability of succeeding at the next one is probably less than 0.00006%
- deleted 13y ago[deleted]
- socillion 13y agoYour conclusion does not follow from the premise. Couldn't the experience gained from starting the first 5 result in a greater chance of "success"? If failure is defined as anything less than 1 billion, it is particularly meaningless as an indicator of future success.