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"Assuming the trials are independent..."

This is a big assumption. Same entrepreneur, same personality, more or less same skills, same contact networks... It can hardly be independent.




I know that's why i say that in actuality the number of trials is 4. Each trial compounds on the previous.


He might be saying that some people will fail at it no matter how many times they try.


Yes some people will fail no matter what cause it's a probability. But it doesn't negate the fact the more you do it the higher the probability you will win.




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