Persistence Mathematically Works

Peep this:

  1. Google, P&G, 3M, and every other ridiculous innovator knows that every product they release won't be profitable.
  2. They know that every product comes with a high probability of failure.

So assume this:

  1. Your first try has a 10% chance of succeeding.
  2. Two tries? 31.6%
  3. Three tries? 46.4%
  4. 10 tries? 79.4%

(The equation: Your chance of success = 0.10^(1/X) ------ where X is your # of tries, based on the assumption that there's a 10% chance of succeeding)

About this entry

You’re currently reading “Persistence Mathematically Works,” an entry on the thoughts and opinions of dan schultze

Published:
Tuesday, September 08, 2009
by daniel schultze

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