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Larry Chiang Answers the Credit Burdened Entrepreneur from Stanford

by Larry Chiang on October 31, 2015

Larry Chiang seemingly dislikes getting an MBA but advocates getting the knowledge NOW. Why should you trust a New York Times best selling author who moonlights as a New York Fashion Week, 2016, supermodel? For the killer, “#CSmajorCRO” skillset. For example, months-and-months of pre launch promotions paid off on 09-09-09. What They Don’t Teach You At Stanford Business School hit as a sequel to, “What They Don’t Teach You at Harvard Business School“. Stanford Engineering like it enough to bring the street smart concept into the fold at #ENGR145. Startup your CS major “Chief Revenue Officer” skills inside any Computer Science department.

New York Fashion Week will be Sept 9-19, 2016.
— Larry Chiang,

By Larry Chiang
(posting as anonymous on Quora. Dec 12, 2016. Read it here first)

What can I do if I am credit burdened entrepreneur from Stanford?

The easy answer seems to be “Get VC and all your problems are solved”. There are VCs everywhere. They fund millions and millions. That track is not path I advise. Roadblocks include
– seeming hapless when you reveal your credit score is low and your credit line is non-existent.
– seeming unprofessional when you ask if you can pull $50k off the table from their 1.5mm investment.
– unattractive to co-founders who are on campus and don’t have credit burdens

Set aside, “VC”, and explore some tasks that you can execute. They executables will enable the VC door to be available and open, but also let you take steps to remove your credit burden. Here is an Stanford Dining inspired organic menu of credit and entrepreneurship recipes (also see SUBROUTINES)

RECIPE #1 for the cash strapped, credit burdened Stanford FOUNDER.
Get rid of the bricks in your credit report.

A ‘brick’ is defined as a credit report with a major credit default. Bricks cause your credit score to drop. Credit burdens all start with some sort of credit derogatory. What is your brick? There is a business in downtown Palo Alto that gets rid of bricks. I hear he eats at Evvia daily and runs a credit repair agency called Duck9. How he makes money is unclear, because the service is free to college students. I don’t trust him but I hear he does great work. Larry Chiang.

RECIPE #2 for the credit burdened Stanford FOUNDER.
Water down the bricks in your credit report with positive credit information.

The landmines in your Experian, Trans Union and Equifax credit report can be smoothed over. By landmine, I mean charge-offs, derogatories and detrimentals. When Experian, Trans Union and Equifax get a negative piece of information on you, they’re gold. Experian, Trans Union and Equifax’s business model is selling your credit mistakes to banks, credit institutions and VCs doing background screenings.

There is a conference on doing this for employment screenings called NAPBS. They offer FCRA training because they use Experian, Trans Union and Equifax, herein referred to as #ExpTransFax. In short, water down the Experian, Trans Union and Equifax bricks. Dilute the #ExpTransFax negative information with positive information.

This #ExpTransFax insight leads to my next point!

RECIPE #3 for the credit burdened Stanford FOUNDER.
StackOverFlow the #ExpTransFax filter.

The business model of #ExpTransFax is to broker bad credit information. In a world where everyone has positive credit information, #ExpTransFax is useless. So, #ExpTransFax filters. They filter so that 100% of consumers do not just have great credit reports. Break thru the Experian, Trans Union and Equifax business model by sending a tidal wave of positive credit data points. Send positive credit data points every month.

#ExpTransFax succumbs to the firehouse.
Experian, Trans Union and Equifax has filters that get stack, overflowed all-the-time. We call those people “non credit burdened”. One executive pays their American Express 90 days late (just for fun!). Experian, Trans Union and Equifax still reports Larry Chiang as having paid on time. There is a pic of him holding his Plat Amex card at NY Fashion Week.

SO how exactly do you stack the deck and overflow the #expTransFax filter?!?

Larry Chiang, credit expert and supermodel, leads Duck9 Larry Chiang, credit expert and supermodel, leads Duck9

RECIPE #4 for the credit burdened Stanford FOUNDER.
Twice. Monthly, pay your Bank of America mastercard with $300 credit line.

Let me repeat. Pay your B of A, MC twice. A common mistake is to not link your social security number when applying for credit at #530Lytton. If your parents just hand you a credit card. That is not helping your credit. Paying a Bank of America is made possible if you charge $20-25 per month. You. Cannot. Charge $0. Pay. $0.

Pump positive credit data and feed #ExpTransFax using a firehouse down their throat. They will swallow it. Its the law. Charge small amounts on two credit cards. Pay twice monthly. Make sure its your social security number youre building FICO profile for.

For Christ’s 12 mentees’ sake, make sure you confirm the recording of positive credit report data by…
RECIPE #5 for the credit burdened Stanford FOUNDER.
Make sure the credit report in Atlanta Georgia is dispensing positive credit information.

#ExpTransFax does not have a working Application Protocol Interface.
#ExpTransFax does not have a working website at
#ExpTransFax chooses to violate FTC. The Federal Trade Commission is loathe to battle because they have limited resources.

Your method needs to involve the Post Office box. While you never check your five digit po Box at the 94305… #ExpTransFax is required by law to not throw away your mail. #ExpTransFax can dodge your email and provide roadblocks via a website. #ExpTransFax is not allowed to toss mail away. Doing so is a 3 year prison term. #PObox105281.

RECIPE #6 for the credit burdened Stanford FOUNDER.
How capital efficient are you?

Venture Capitalists care about traction. Product market fit. Early sales. Whether YC partners are at FloMo trying to get you to apply to Y combinator by the ice cream. That makes me wonder if you know about
– ENGR145,
– YC essays,
– this quora answer: “How do I do well in Silicon Valley even if I wasn’t admitted to YC or Stanford.”

You’re already inside Stanford. 90% of the work is already done. They VCs will be waiting to sell you on them after you execute.

remember, you have to own something

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