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Comment by miki123211

2 days ago

I view success as the product of three factors, luck, skill and hard work.

If any of these is 0, you fail, regardless of how high the other two are. Extraordinary success needs all three to be extremely high.

There is another dimension, which is mostly but not fully characterized as perseverance, but many times with an added dose of ruthlessness

Microsoft, Facebook, Uber, google and many others all had strong doses of ruthlessness

  • Metaverse and this AI turnaround are characterized by the LACK of perseverance, though. They remind me of the time I bought a guitar and played it for three months.

    • True, but I was around and saw first hand how Zuckerberg dominated social networking. He was pretty ruthless when it came to both business and technology, and he instilled in his team a religious fervor.

      There is luck (and skill) involved when new industries form, with one or a very small handful of companies surviving the many dozens of hopefuls. The ones who do survive, however, are usually the most ruthlessness and know how to leverage skill, business, markets.

      It does not mean that they can repeat their success when their industry changes or new opportunities come up.

    • When you put the guitar down after three months it's one thing, but when you reverse course on an entire line of development in a way that might affect hundreds or thousands of employees it's a failure of integrity.

      1 reply →

    • > They remind me of the time I bought a guitar and played it for three months.

      This is now my favorite way of describing fleeting hype-tech.

Or you can just have rich parents and do nothing, and still be considered successful. What you say only applies to people who start from zero, and even then I'd call luck the dominant factor (based on observing my skillful and hardworking but not really successful friends).

>luck, skill and hard work.

Another key component is knowing the right people or the network you're in. I've known a few people that lacked 2 of those 3 things and yet somehow succeeded. Simply because of the people they knew.

  • > I've known a few people that lacked 2 of those 3 things and yet somehow succeeded

    Succeeded in making something comparable to facebook? Who are those?

    • No. Nothing of that scale. I was replying to OP's take on the 3 factors that lead to success in general. I was simply pointing out a 4th factor that plays a big role.