Re:Don’t Build a Billion-Dollar Business
by wildmusings on Friday September 04, 2015 @01:46PM
(#10171869)
My favorite version of this aphorism is "fortune favors the bold".
Re:Don’t Build a Billion-Dollar Business
by machinshin_ on Saturday September 05, 2015 @09:12PM
(#10176537)
"Fortune favors the bold, the foolish, and ships named Enterprise"
"Luck is what happens when preparation meets opportunity." - Seneca
Scott Adams' book "How to Fail at Almost Everything and Still Win Big" also touches on this, suggesting that skill + hard work don't automatically result in success (there certainly are factors beyond our control), but it's a lottery that you can keep playing over and over with no real inherent cost other than time. Especially in software, you can test a lot of ideas with very little financial risk/investment, and persistence often allows preparation and opportunity to meet. There are no guarantees of course, except the guarantee of failure without trying.
A lot also comes down to your definition of success. I'd say aim high, but expect very little. Expect the kind of return you'd get from a hypothetical full-spectrum new venture ETF. A handful of unicorn successes averaged with a huge tail of losses = returns that are probably really depressing. Be happy with anything above that.