[brico]

sorry for not being clear: not the people running OMGPOP were lucky, the investors were, they just couldn't have known how things turned out to be. When they invested in the initial round my guess is that the idea behind the startup and the business ideas were completely different from what the company represents now

[inovica]

OK, appreciate you coming back on it. I still think the same thing goes - the investors invest in people they believe are winners - whether its YC or Sequoia. Anyway, my take on it is that luck happens (both bad and good) and its what you do about it that counts. You can grab the good luck and run with it or you can fight back as hard as you can when bad luck strikes, or... you can take it and blame 'bad luck' for your failure

[mdonahoe]

Yc invests in people.

[brico]

if you are an investor and you don't have a look at the team behind an ambitious and promising idea you will soon run out of money, this is nothing Yc-specific.

edit: ok, another try, people don't like the word "luck" so let's call it a hail mary pass :)