The "insanely lucky" part focuses more in initial traction and less on future actions. He got in at the right time in the right milieu. THAT part is luck. You take it as a foregone conclusion that the social revolution would happen, but its not clear when or how it would manifest.
Later on, even if he made a misstep Facebook wouldn't blow up. If he tried deploying Beacon earlier on, for example, FB might not have proliferated.
"He could have sold Facebook for billions of dollars at any point. If he felt like he was riding on luck, he should have expected his luck to run out at any moment in the last five years or so, and thus have a strong incentive to sell."
That's true of many people, including the Digg people.
Later on, even if he made a misstep Facebook wouldn't blow up. If he tried deploying Beacon earlier on, for example, FB might not have proliferated.
"He could have sold Facebook for billions of dollars at any point. If he felt like he was riding on luck, he should have expected his luck to run out at any moment in the last five years or so, and thus have a strong incentive to sell."
That's true of many people, including the Digg people.