By Larry Chiang
When people say SLOAN. I’m like a Shih Tzu that hears “KENNEL”.
Sloan, Alfred P didnt start GM or Chevrolet. Billy Durant did. Now Sloan has MIT & Stanford eponymous programs– even buildings named after him 🙁 Avoid the Roy Raymond & Billy Durant pattern.
Take zero risks as an MBA1 or undergrad ENGR145 student.
Call to action my 11 readers on Hacker News: Tweet “#RiskEliminate #PatternReplicate #PatternIterate”
Ok, let me break down what I’m talking about…
You see the old way (current way) is for VCs to coach us undergrad engineer entrepreneurs to take a massive risk and swing for the fences. Don’t.
Ask them about what THEY did. Call me a Shih Tzu that observes people with it’s entire being, but I do what successful people did. Not what they say.
I am Larry Chiang and I’m my father’s (Tom Chiang’s) son. Engineers who turned entrepreneur didn’t take risk. We engineered the risk out.
– Risk Minimize – Risk Mitigate – Risk Eliminate
Roy Raymond lost his ass. He founded Victoria’s Secret at the Stanford Mall. Can you imagine starting something successful and then losing it?? Let me introduce you to Billy Durant.
Call to ACT my 11 readers on Hacker News: Tweet “#RiskEliminate #PatternReplicate #PatternIterate”
Durant started GM, sold it. Got fired.
Started a new entity called Chevrolet. Sold it to GM.
Got fired. Died poor.
Isn’t it time we stopped the pattern of entrepreneur abuse and stood up to losing our company. As an engineer, you better get uber street smart about Board of Director management.
Remember, muggers and rapists have mugged and raped. As a victim, you better engineer up some countermeasures. Don’t let your first startup (err Larry Chiang Mini Company Concept LCMCC), be your first. You might get raped literally and financially. I’d recommend doing your second LCMCC first.
It’s like when you take ENGR 145 this winter quarter. Prepare for ENGR 145 like you took practice SAT tests. Before you took the SAT.
Catch my pattern?!
I took ENGR145 three times and conclude the anchor concepts: Lemonade and Gua Gua Guacamole
I boiled down 20 years of entrepreneurial practice in to a 9:59 video that moves you to the right on the entrepreneur bell curve
When you’re at Stanford or MIT and see Sloan, I hope you now know the story behind the venture capital and entrepreneur story.
END ALWAYSON ARTICLE
CEO of Duck9 Founding Stanford University EIR (Entrepreneur in Residence) Emeritus
Duck9 = “Deep Underground Credit Knowledge” 9 125 University Avenue/ 100 Palo Alto CA 94301 https://www.duck9.com/ass 650-566-9600 650-566-9696 (direct) 650-283-8008 (cell)
**************** Editor of the BusinessWeek Channel “What They Don’t Teach at Business School” https://whattheydontteachyouatstanfordbusinessschool.com/blog CNN Video Channel: https://ireport.cnn.com/people/larrychiang
Read my last 10 tweets at https://www.Twitter.com/LarryChiang
Author, NY Times Bestseller https://whattheydontteachyouatstanfordbusinessschool.com/blog/?s=Ny+times+bestseller
“What They Will NEVER Teach You at Stanford Business School” comes out 11-11-14
https://www.fastcompany.com/embed/c0d4562ea2049
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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