[benjaminsuch]

You can't just look at the ratio of multi-billion dollar exits.

Hard work is a requirement and not a guarantee of success. And what Emmet Shear tweeted are things that one should do, to increase the chance of success.

Most luck is created by hard work. Recognizing and taking advantage of it.

A lot of startup founder do startup just very wrong and thus fail and thus make the ratio worse.

The way I see it, it's 75% hard work, 25% luck. Calling things luck is easy, but who are we that we can say so? Just by the ratio of successful startups? I don't think thats fair.

Regarding the "ignorant" comment: It wasn't meant to be an insult, but more of an observation.

I think it's unfair against every person who tries hard and works hard to call his/her success luck.