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A comment on Things I will tell my kids if they become entrepreneurs [slides]. Parent comment

Re:Things I will tell my kids if they become entrepreneurs [... by warbiscuit on Monday October 31, 2016 @03:19PM (#12840018)
One phrase I really liked was "success is preparedness plus opportunity". In that case, the equation would be...

prepareness = idea * execution * product * team * money

opportunity = connections * random-chance

success = preparedness * opportunity

[ Parent | on HN ]
Re:Things I will tell my kids if they become entrepreneurs [... by kowdermeister on Monday October 31, 2016 @03:48PM (#12840257)
I like this breakdown too. If we want to add luck, random-chance as * ( 1 + random-chance ) where it can be anything between -1 and 1. It can be both negative or positive or no effect at all.
[ Parent | on HN ]