By Larry Chiang
Huge mistake and misconception = FICO percentages and what portion is what. Why?!? Because at first, the 10% in new credit is all you have
Stanford engineering majors. You start at 10% new credit because you have zero credit. So, the 10% is your 100%
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Larry Chiang (@LarryChiang) |
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At first, the “10%” is all you have 💬 twitter.com/larrychiang/st…
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Larry Chiang (@LarryChiang) |
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Conclusion: the 10% is the 100%. The impossibility?! Starting a USA credit report = odds were against us #GES2016 pic.twitter.com/f9B3XTIHCs
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perplexed = the catch 22 of you do not get VC money unless VCs really, really wanna invest. Starting up your FICO is just like VC funding for a startup. At first the 10% is all you have (small pie for freshman engineering founders)
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Larry Chiang (@LarryChiang) |
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‘100% of a credit report is credit inquiry when it’s the first (1st) credit inquiry”
–@LarryChiang pic.twitter.com/TSXIm2832F |
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This graph says you’re screwed if you go zero for 1. O for 1 kills your credit score.
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Larry Chiang (@LarryChiang) |
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“10% of a m-a-t-u-r-e, seasoned credit report is HARD INQUIRIES.”
#fico748pt8 pic.twitter.com/f88uTOCyhY |
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Starting = very hard.
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Larry Chiang (@LarryChiang) |
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This about the very first 1-5 attempts to startup. Your FICO is zero and going down due to HARD credit inquiry(s) pic.twitter.com/yLd6KQqCS5
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Larry Chiang (@LarryChiang) |
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FICO. The start of an 17 1/2yo – 19 year olds credit score [sticker and #Fico800 theorem credit @LarryChiang] pic.twitter.com/C7H9FQF2sZ
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Larry Chiang (@LarryChiang) |
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Baby ducks get shredded. U probably should cold email me. #cs183coldEmail. Bust your email cherry emailing “strange” pic.twitter.com/amHN6UnnzZ
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