> There has got to be something to it when someone can pull it off repeatedly
Not necessarily - after all, there was a man who was struck by lightning 7 times[1] through no effort on his part. You will never hear about the almost-Jobs who fail to succeed on their subsequent come-back attempts.
But using the coin flip analogy, I would say that each successful company requires hundreds of "coin flips", with the outcome "heads" a majority of the time. A few bad flips could sink a company. I think it's much more than getting lucky 3 times -- more like mostly "lucky" hundreds of times.
Not necessarily - after all, there was a man who was struck by lightning 7 times[1] through no effort on his part. You will never hear about the almost-Jobs who fail to succeed on their subsequent come-back attempts.
1. https://en.wikipedia.org/wiki/Roy_Sullivan