Luck is an essential element in successful investing, venture capital included. I consider myself a lucky person. My dog is named Lucky and he has lived up to his name.
Last night, after dinner in Vegas, headed back to my room, we stopped at a craps table. I put $40 on the pass line and the stickman handed me the dice right away. I rolled three straight 7s, then back to back eights, then crapped out. The table was going wild. I took my chips and left. Figured that it couldn’t get better than that.
I don’t honestly recall what my take was, but I think I made 3x in five minutes.