Are you a Stanford student interested in enrolling in MS&E 472: The Entrepreneurial Thought Leaders Seminar? Check out our course FAQ!

The Role of Luck in Startups

Judy Estrin, JLABS, LLC

Start ups are difficult and risky, says Estrin. Lots of combined skills are necessary. Attention to details, hard work and a lot of luck play an important role in the success of a company, she says. The environment is risk averse today–customers, funders and employees. Start ups have to be creative and find alternative funding, she adds.