By Larry Chiang
Here is a list of ten things alpha startup thinkers think here in Silicon Valley.
1- You don’t need VC or angel money to start
2- Business plans are useless. Just do a deck
3- Don’t follow your passion. Follow your effort
4- Networking is accelerated if you have a GitHub / StackOverflow account.
5- Founder teams of 3 engineers don’t need a biz dev co-founder. Or worse a business development hire
6- Internal deliverables don’t help. Focus on external deliverables.
7- Mentorship.
8- It’s the arbitrage and the algorithm
9- 80-18-2 Rule. Be part of the “2”
2% create
18% curate
80% stalk (and analyze and analyze)
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Larry Chiang (@LarryChiang) |
Borrowing against receivables is how I hack startup loans. Because I hack money and bust catch 22’s. it’s creative founder financing
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10- The Andrew Belay Quora answer on “What Startups Should Know”
This ENGR145 video is how alpha VCs will data collect potential founders
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Editor of the BusinessWeek Channel “What They Don’t Teach at Business School”
CNN Video Channel: https://ireport.cnn.com/people/larrychiang
Read my last 10 tweets at https://www.Twitter.com/LarryChiang
Author, NY Times Bestseller
“What They Will NEVER Teach You at Stanford Business School” comes out 11-11-14
52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering
Emergency swings and cutting deals as an 9 year old
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