Very grateful to @AnnieDuke for her guest appearance on #StartingGreatness. She offers many great lessons for ambitious founders.
Summarizing in the below thread…
1/ There are different types of “games” in business and in life. Some are based almost entirely on skill, like chess. Garry Kasparov will beat me 100 times in a row. Luck won’t rescue me.
Some Games involve lots of chance and uncertainty. More like poker.
2/ If I play the world champion for an entire night, I likely lose my money. But in one hand, I might have a 40% chance of winning.
Startups are more like poker than chess. They involve skill combined with uncertainty and chance across thousands of decisions, big and small.