Luck vs. skill: The founders behind major businesses like Bumble, Shopify, and Away explain what their success boils down to - and they all have different takes
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- Many entrepreneurs agree that it takes a combination of skill and luck to build a billion-dollar business.
- Squarespace CEO Anthony Casalena said he thinks that "anyone who possibly claims that they didn't get lucky is crazy," on an episode of NPR's "How I Built This with Guy Raz."
- Shopify CEO Tobi Lütke compared the timing of his company's launch to "winning the lottery five times in a row" on NPR's "How I Built This with Guy Raz."
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It takes more than brains and a great business idea to become a billionaire - it also takes a substantial amount of luck. Just how those two elements stack up against each other, however, varies depending on who you ask.In episodes of NPR's "How I Built This with Guy Raz" - a podcast where successful entrepreneurs explain how they founded their businesses - the last question Raz asks each guest is, "How much of your success do you attribute to your skill, your intelligence, your hard work, and how much of it to luck?"Advertisement
Read more: 11 billionaires who dropped out of college before making their fortunes
Dyson chairman James Dyson doesn't believe his intelligence had anything to do with his success.
Shopify CEO Tobias Lütke said his success is "90%" luck.Advertisement
Bumble founder Whitney Wolfe said she "didn't know if I'd call any of this lucky."
Squarespace CEO Anthony Casalena said he thinks that "anyone who possibly claims that they didn't get lucky is crazy."Advertisement
Jen Rubio, the founder of trendy luggage brand Away, said her success is "probably 50-50" luck and hard work.
Slack CEO Stewart Butterfield said that while "there has been an enormous amount of hard work by a lot of people, there is this real tailwind that we have that makes all of that stuff a lot easier."Advertisement
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