Besides what gwern said, Paul Graham is a successful VC. The expected income of VCs is very different from the expected income of startup founders.
My point is that this is evidence that start-up success depends on ability more than luck.
I think both ability and luck are necessary but not sufficient (well, reasonable amounts of luck :-D).
Besides what gwern said, Paul Graham is a successful VC. The expected income of VCs is very different from the expected income of startup founders.
My point is that this is evidence that start-up success depends on ability more than luck.
I think both ability and luck are necessary but not sufficient (well, reasonable amounts of luck :-D).