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.