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10 Things Silicon Valley Veteran Entrepreneurs Are Frustrated That You Don’t Already Know

by Larry Chiang on December 7, 2013

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)
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

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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