| I think you might be surprised by how many people got rich by not working very hard at all -- practically, in fact, by accident. But nobody wants to admit that, not to themselves and surely not to other people. Because "hard work" is the ethic that makes you virtuous in America and among "startup wonks." So, even when the truth is "I got rich by accident" or "luck," it always comes out the mouth of the entrepreneur as "hard work." The desire is to look virtuous and deserving. Humans are justification machines -- if we have something, we have to justify why we have it. If we don't, we have to justify why we don't. If you want insights into this topic, read Mistakes Were Made (But Not by Me), Predictably Irrational and On Being Certain. Even more than that, there are people who got rich by having the right insight at the right time, and acted on it. That often doesn't take hard work. Those people, too, want to view themselves as triumphant as opposed to lucky. They want to pretend that they have something to impart, so that others can "learn" from their success. Beyond that, most people are horribly incapable of analyzing their own actions, and of analyzing real-world cause and effect, and "hard work" is a verbal tick -- like the "um" of the business memoir world. There is a cult here -- and everywhere young coding hotshots think they will get rich -- of "entrepeneurpr0n." And while Caterina and 37Signals might be contributing to the pr0n collection, they are contributing to a totally different stack than the "Work hard and you'll get rich" stack. And that, in my opinion, is worthwhile. |
There are two types of people in the world: people who think that success is due to learning and work and people who think that success is due to luck.
The side-effects of these belief systems are very important.
If you think success is due to hard work and knowledge, you are likely to work hard and keep learning. If, on the other hand, you think it's luck, you are likely to resent those who are luckier than you and to feel like success is a rigged game.
I think you can err too much on either side here. What's the truth? The truth is that you can learn and work and increase your chances from 1 in a million to maybe 1 in a hundred. Perhaps better. Given these odds, some folks try a few times and make it. Some try once and make it. Some try dozens of times and don't make it. Usually looking back, as you point out, the story is about skill and hard work, even though luck probably had a lot (but not all) to do with it.
You can look at this as a reason not to work or try hard, or you can look at this maturely as simply the way life is played. Personally I think the best strategy is to balance learning/working with increasing the frequency of your startup attempts. If you could fail a dozen times in one year, within ten years you're likely to do well. [insert black swan reference here]