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by zpeti 2150 days ago
We have some real scientific insight here.

I’m also sure you are a super successful entrepreneur and so definitely know it’s 90% luck.

2 comments

We do have some scientific insight because we have several control groups, aka accelerators.

If it wasn't mostly luck, accelerators would have an improved success rate, because they are selected by experienced people based on judgement calls about their likelihood of succeeding [0].

Accelerators actually have, at best, a very minor improvement on the base success rate.

Therefore we can safely conclude that startup success is mostly luck.

[0] Of course, this is using a definition of success that is more than just getting investment. I would define it as "becoming a sustainable business". But that would exclude things like Uber and Twitter that are not sustainable (yet), but are undeniably successful.

Your trying to use their premise to insult them, but to do that you need to actually understand and keep within the premise.

The error that you have made being that in the scenario presented, the successful entrepreneur does not know that luck is the main reason for their success.

A better zinger would be something in the lines of suggesting that the poster only knows all this because of how acutely they have failed. Just as you have.