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Derivation, Sourcing and Experiencing the “Larry Chiang Reverse Franchise Tax”

by Larry Chiang on March 20, 2013

By Larry Chiang

This concept is a pillar for me and this blog post is an attempt to be fully transparent. First the concept. A reverse franchise tax is where you as an undergrad just takes and runs with one of my ENGR 145 franchise concepts. Normally when you say “franchise”, you think an overlord from a faraway land that you pay exorbitant fees to. Usually, when you say ‘tax’, you think OMG I forgot to pre-pay my quarterly tax.

A bright shining example of the “Larry Chiang Reverse Franchise Tax” took place when UT undergrads hosted the second bi-annual ATX Startup Crawl After Party at 10:05PM, March 7, 2013. This “franchise” is off to a nice start. I co-founded this concept like I co-founded UT Entrepreneurship Week.

Oct 9, 2012 was this first ATX Startup Crawl AfterParty hosted by UT undergrads.

Oct 3, 2013 will be the next “ATX Startup Crawl AfterParty hosted by UT undergrads.” It will coincide with Austin City Limits.

More than just ‘AfterParties’, there are ENGR 145 franchise concepts that comprise the ‘Larry Chiang Reverse Franchise Tax’. They can be found under “Ga Ga Guaranteed Exits” (13+ blog post mentions) and “Ga Ga Guaranteed Revenue” (8+ blog post mentions). Calling the Larry Chiang Reverse Franchise Tax — “the 100% Affiliate Program” would be an option as well.

To explore this further, you can YouTube-search ENGR 145 videos. Also, you can take ENGR 145 at Stanford University this summer. No I don’t write REC letters (so don’t ask). Here is more info

QUESTION – How do you make money?
LARRY CHIANG answer: Well I financially benefited from having taught ENGR 145. So charging you or undergrads $30,000 for running with my signature afterparty maneuver seems unfair. Plus, if you read, re-read, and read my TechCrunch article in 2009 about After Party execution, you could probably have ‘stolen it’. Oh, this shitake is fun for me. Plus, it gets me to leave the Austin Ventures VIP tent during ACL.

Question: why do you do this??
LARRY CHIANG answer: it’s totally fun. Plus truth-be-told, I get a lot of it too. I mean the 2 hours I spent getting UT undergrads up and going with #UTeWeek and the 3.5 hours on the inaugural ATX Startup Crawl AfterParty were easy. Plus the commute to campus was made shorter when I just got them a room to party at the Four Seasons. Campuses can be SO confusing!

QUESTION – do you have a hidden agenda?
Answer: People that ask this think that 5.5 hours took 500 hours. It was 5 hours and there were two franchise concepts birthed. Nice ones too

I mean UT Entrepreneurship Week is cool right?! I mean I gotta eat Guacamole anyway. Plus the Four Seasons uses my Gua Gua Guacamole recipe so why not eat it at an AfterParty.

Buy my mentors book:

“What They Don’t Teach You at Harvard Business School”. It’s used on Amazon for 1c.

If you liked this, you may also check:default
Larry’s mentor Mark McCormack wrote this in 1983.
His own book came out 09-09-09. It is called ‘What They Don’t Teach You At Stanford Business School‘.
Harvard wrote about it in an article called “What They Don’t Teach You at Stanford–The HARBUSdefault

Larry’s book releases 09-09-09

This post was drafted in an hour and needs your edits… email me if you see a spelling or grammatical error(s)… chiang9 –AT–@Duck9 dot com

Larry Chiang started his first company UCMS in college. He mimicked his mentor, Mark McCormack, founder of IMG who wrote the book, “What They Don’t Teach You at Harvard Business School”. Chiang is a keynote speaker and bestselling author and has testified before Congress, World Bank and the Federal Reserve Bank about credit.

Text or call him during office hours 11:11am or 11:11pm PST +/-11 minutes at 650-283-8008. Due to the volume of calls, he may place you on hold like a Scottsdale Arizona customer service rep. If you email him, be sure to include your cell number in the subject line. If you want him to email you his new articles…, ask him in an email 🙂

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