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I think your argument is flawed. By the time a company is successful, it has around 100-1000 employees. If those employees are all sampled from the same statistical population, any individual randomness in employee quality will wash out when averaged over 100+ people. So how come a successful company A has better employees than a failed company B?

Maybe a big part of the founders' skill is to actually hire the right management which in turn is capable of hiring the right employees. In which case, the credit goes to the founders after all.

Or maybe the quality of employees does not vary that much (after controlling for the the obvious factors like location / funding / business area). In which case, the company's success is explained by something else. Again, founders' skill? Or maybe something else?

I tend to think that it's a combination of founders' skill and being lucky to start the right business at the right time. I'd understand if others put greater weight on the founders or greater weight on luck.



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