Business Quote by Craig Newmark
“We don't have much in the way of a business strategy. Like no business plan. Which I say to torment all my friends who are VCs or MBAs. That's always entertaining. The deal is, it's a mixture of luck and persistence.”
About This Quote
Source Interview: 2020 Podcast on Startup Culture, Craig Newmark
A business lacking a formal plan relies on luck and persistence, often mocked by traditional investors.
In simple terms: No plan, just luck and persistence.
Key Takeaway
Balance spontaneity with strategic thinking.
Themes
entrepreneurship
risk
innovation
Mood
pragmatic
optimistic
Type
business
motivational
When to use this quote
- pitch meetings
- team brainstorming
- mentor advice
Key Concepts
startup culture
venture capital
business planning
Questions to Reflect On
- How can you add structure without stifling creativity?
- What metrics can guide an unplanned venture?
A Different Perspective
Overreliance on luck can lead to failure.
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