[withinboredom]

The fact that capitalism can be modeled by pure random chance only drives the point home, in my opinion. So much depends on luck...

That being said, luck can be engineered, to a degree:

- meeting people; networking

- having access to resources

- recognizing potential opportunities and taking advantage of them

That being said, I'm by no means "successful" but I'm also not a "failure" ... I win some, and I lose some.

[jvanderbot]

And just following up: Even though there is a significant amount of random chance, that does not mean you are randomly sorted into success and failure.

Even if you move from 0 to success with a very-small positive bias on your random walk, even the lower-bound on most of the results will be increasing with sqrt(n).

Don't let randomness dissuade you from effort, even maximal effort, because every thing you can do it increase your "bias towards success" will have an effect over long time scales.

Also, start early - stretch the time scale.

[withinboredom]

The way my dad explained it to me: "a heads or tail might matter, in the grand scheme of things, but at the end of the day, you gotta be there to flip the coin in the first place." Granted, he said that in regards to me being in the wrong place at the wrong time, but the quote applies aptly here.

[no_wizard]

There are many types of success.

Tech has often been associated with novel success. That is success by inventing or perfecting a previously underrated, underestimated or wholly invented technology.

This isn’t the only type though.

There is success through persistence. In the long run, 95% of businesses fail. Simply running a component operation that outlasts competitors in a proven market can take you very far. It’s harder than it looks. Likewise this gets little traction on most media

Then there is success by accident. The one that gets most traction in media is businesses that have some flash in the pan unexpected success. These seem to be a traditional combination of luck and persistence. Along these same lines are businesses that come to fruition during a time in which they can succeed, like TikTok and the pandemic.

[ghaff]

Absolutely. I've been pretty lucky in my career, especially at a couple of critical junctions. But I had also put the foundations in place to be lucky at those junctions.

[akudha]

Not just capitalism, luck applies to even ordinary things like getting jobs etc. This is not to say we shouldn't try or put effort into whatever we are doing, but luck does play a big part. In one place where I worked, this 18 year old kid got an internship. She wasn't terrible, but she wasn't great either. She masterfully did minimum work for maximum benefit. I learned she was the kid of a VP who worked there - I am sure there were plenty of kids who were more qualified/motivated than her, but they don't have a VP parent.

There is a reason young people today feel hard work doesn't reward as much as it used to. Everything is stacked against them - from student loans to crappy jobs. SO MUCH depends on luck