[proxybop]

That’s an interesting article. To me, that company should have been really valuable and done really well especially in the retail clothing industry. I wonder if it’s more luck and connections than anything that has to do with product when forming a company

[solumos]

The name of the successful version of this company is "Stitch Fix"($2.39B market cap).

> we haven’t found a relevant business model

> We are a team of 8. We are 2 full-stack, 1 iOS, 1 Android and 4 product people.

It's a bad sign if your company is 50% product people and you can't establish product-market fit, especially with a "whale" for a competitor.

I guess it wouldn't be unheard of for a conglomerate like LVMH to acquire, but I'm not sure there's enough traction to justify a scenario like that.

[alehul]

> I guess it wouldn't be unheard of for a conglomerate like LVMH to acquire, but I'm not sure there's enough traction to justify a scenario like that.

+1. Worked on a fashion startup a while back, and being early-stage we still did end up in a meeting with a C-level at LVMH.

They're open to hearing a lot of ideas, but the conversations quickly fell apart at realizing quite how early-stage we were— they generally want validation in the form of success in integrating your product with other fashion companies.

From what we learned, fashion is notoriously behind in tech, and it's a slow climb up the chain if you're B2B.

[severine]

Thanks for the reference, I hadn't heard of Stitch Fix. They seem to have a great tech blog: https://multithreaded.stitchfix.com/blog/2019/09/10/stochast...

[overcast]

Who you know, luck, being in the right place at the right time are MAJOR components of success in life. Infinite number of equally talented people in this world, without the right path.

[maest]

This comment showed as burried for me, which I find odd.

[TheFiend7]

Did it fall under a certain upvote/downvote threshold or something? It was the sane for me.

[alexpetralia]

Me as well.

[toomuchtodo]

https://www.technologyreview.com/s/610395/if-youre-so-smart-... (If you’re so smart, why aren’t you rich? Turns out it’s just chance.)

[proxybop]

Wow, thanks for ruining my life

But seriously. That...feels true. But rather than waiting for things to happen to me, what happens if I go out and expose myself to more events where the dice of fate can be rolled for an outcome in my favor (or against)? Am I manipulating luck that way?

[overcast]

Networking, experiencing new things will ABSOLUTELY increase your chances of being successful in life. I've lost count the number of times I've met someone who led me to bigger things at a party/night out that I initially didn't really want to go to. No matter what it is, no matter how comfy that couch, go meet new people. Best way to advance.

[fillipvt]

That certainly is the best way to maximize luck. One such type of event is getting to know people, be it through work, networking, online w/e.

[harrisonjackson]

There is a positive take away. If it is up to chance, then you "just" need to increase your exposure to opportunities + the longevity of your efforts. More opportunities, over a longer period of time, gives you more coinflips.

[fhbdukfrh]

Don't confuse a software product with a business model. Their own words state they've "solved" the previous human problem of fashion without figuring out a viable way to capitalize. That means they don't yet have the right product. I think they've solved an intermediate problem on the path to the actual underlying pain that people would pay for.