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I beg to differ. Take the best 10 people, which are all the most dedicated, hardest working, most compentent: If these compete on the same idea in the same fiel
by vog 12y ago
I beg to differ. Take the best 10 people, which are all the most dedicated, hardest working, most compentent: If these compete on the same idea in the same field, only one of them can succeed.
After all, running a startup means taking risks, and risks are just another word for stuff that you don't have under control, and which is best described by probability.
- prawn 12y agoIn which case, luck is still partly a factor rather than largely a factor. It's only accentuated in that case because your hypothetical has every venture pushing each facet to the limit. More realistic would be 10 ventures where a couple bail, another couple just don't have a professional network, another has a great network but an ugly design or awkward name, and so on.
- dkersten 12y agoIf these compete on the same idea in the same field, only one of them can succeed I disagree. Its not a zero-sum game. Many markets (although certainly not all) are large enough for more than one company to be wildly successful.