By Larry Chiang
The silicon valley is out there cluelessly starting startups that might fail.
Err will fail.
80% of VC funded startups with a SVB bank account won’t get revenue. Start a mini company instead. Mini company’s are bought. Mini companies solve a clear problem some old person pre-pays for
The old person inside a big company buys your new mini company’s solution with no risk to them.
- money paid via Internal Escrow – contract is ONE WAY LETTER OF INTENT.
It’s part of my Street Smart Legal SERIES at MIT. Yeah, I’m an EIR there
I wrote about this 37 step signature maneuver at Yahoo. Yes, I have a column there too. Google and comprehend ‘Reducing Sales Friction’
The “Larry Chiang Mini Company Concept” is a prequel to 2013 Ga Ga Guaranteed exits. Those Ga Ga Guaranteed are buried in my Twitter feed like Easter eggs. Sept 2011-Mar 2012
You will have to manually scroll search because Twitter can’t search inside one persons feed.
THINK ABOUT THAT.
Twitter doesn’t search super good
Never ever let Silicon Valley intimidate you of you’re an engineering undergrad. If a billion dollar tech company can’t do basic basic shitake. You, me and the stuff I’ll teach you will make you a legend.
Enjoy the Easter egg hunt. And be careful. This rabbit hole of entrepreneurship runs deep.
I’m CEO of Duck9 Stanford University EIR (Entrepreneur in Residence)
Duck9 = Deep Underground Credit Knowledge 9 125 University Avenue/ 100 Palo Alto CA 94301 http://www.duck9.com/ass 650-566-9600 650-566-9696 (direct) 650-283-8008 (cell)
**************** Editor of the BusinessWeek Channel “What They Don’t Teach at Business School” http://whattheydontteachyouatstanfordbusinessschool.com/blog CNN Video Channel: http://ireport.cnn.com/people/larrychiang
Read my last 10 tweets at http://www.Twitter.com/LarryChiang
Author, NY Times Bestseller http://whattheydontteachyouatstanfordbusinessschool.com/blog/?s=Ny+times+bestseller
“What They Will NEVER Teach You at Stanford Business School” comes out 11-11-12
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