Issue 168 - 01 | Prepare for Your Lucky Break

By Randy Komisar
Published Sept. 19, 2018 12:00 p.m.
“A long career in business has impressed upon me the unpredictability of success. As an entrepreneur and investor this lesson is particularly sobering.

When I started, I felt that my hard work and a modicum of intelligence would propel me to certain success. Simply put one foot in front of the other. But living in the Silicon Valley casino has changed my view.

Success is, after all, relative. There is much written about the short half-life of the joy experienced after receiving a significant windfall if others have received an even greater sum. It seems we can’t even gauge our own success without comparison to others.

And in Silicon Valley, the relative distribution of success appears largely random. That is not to say that many of the successful icons of innovation aren’t impressive; it’s to say that in comparison to so many of the also-rans they are virtually indistinguishable. And that realization alone is humbling.”

About Randy Komisar | Randy Komisar is a venture capitalist with decades of experience with startups. He is the author of the best-selling book The Monk and the Riddle, about the heart and soul of entrepreneurship, and co-author of Getting to Plan B and I F**king Love that Company. He taught entrepreneurship at Stanford University and is a frequent lecturer at universities, as well as a regular keynote speaker on entrepreneurship, innovation, and leadership. In his new book, Straight Talk for Startups, 100 Insider Rules for Beating the Odds, he and Jantoon Reigersman equip entrepreneurs and investors with the best practices for preparing for their lucky break, from mastering the fundamentals to selecting investors, from fundraising and managing boards to achieving liquidity. Its your trusted advisor in one hundred crisp, 1-3 page rules that can be read in any order and referred to over and over again as you confront new issues in your venture.



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