Put through that process, reality usually hits like a truck. Many concepts that sound good on paper are infeasible to implement, or simply don’t produce the expected results. It’s frustrating when that happens, of course, but the pace of experimentation and learning at a startup is unparalleled. I think this is an especially important form of rigor... See more

Imagine you can map success on a graph. Success is measured on the Y-axis. Time is measured on the X-axis. And when you are born, the ball you pluck out of Buffett's Ovarian Lottery determines the y-intercept. Those who are born lucky start higher on the graph. Those who are born into tougher circumstances start lower. Here's the key: You can only ... See more