My probability theory is a bit weak so correct me if I'm wrong. Since each compa... | Hacker News

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		sigkill on Oct 8, 2013 \| parent \| context \| favorite \| on: There's a .00006% Chance of Building a Billion Dol... My probability theory is a bit weak so correct me if I'm wrong. Since each company you start is an "independent event" doesn't your probability still stay at 6e-5?

w1ntermute on Oct 8, 2013 [–]

No, the probability I calculated is the probability that at least one of the companies will succeed if you start N of them, or 1-(1-0.00006)^N

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