Many of us are familiar with some version of this phrase that we’ve quoted from Pippin, The Musical. The idea is that if one is born lucky, they can acquire “smartness” through effort, over time. If one is born smart, that’s great—but you may never acquire luck. Of course, if you were born NFL Colts quarterback Andrew Luck, arguably you have the best of both worlds.
There is some bit of luck in avoiding hidden debts. Missing icebergs (or “debtbergs”) is not justabout navigation. Luck, fortune, and icebergs are inextricably linked. We thought we would devote this blog to a richer exploration of luck in the entrepreneurial world.