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Netflix co-founder and NOLS Board member Marc Randolph: Luck isn’t about chance—it’s about preparation

NOLS

When entrepreneurs talk about their success, they rarely talk about luck. I think that’s because most of them think the concept denigrates the hard work and smart thinking they put into their projects. But luck is a huge part of any successful business. And luck isn’t what you think. It’s not just chance, or the stars aligning. Luck is mostly preparation—those few small steps toward first base.

As the ancient Roman philosopher Seneca put it, “Luck is what happens when preparation meets opportunity.”

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