By Larry Chiang
I’m sitting first chair entrepreneurship here at Gates. At University of Texas during Entrepreneur Week, Mr Rod Canion spoke about co-founding Compaq.
Mr Canion didn’t stress things that come to many engineering founders as second-nature. These things were critical
 |
Larry Chiang @ SXSW (@LarryChiang) |
/1/ Pre-Existing Teams
Compaq’s core co-founders came from Texas Instruments. VCs love teams. Bringing the old band back together, increases likelihood of execution.
Stressing pre-existing teams seems obvi. So, perhaps Rod Canion assumed the audience was all engineers…
/2/ Planning and Plotting.
Engineers focus on details. Entrepreneurship falls apart in the details.
/3/ Sandbag the business situation.
When Rod Canion pitched VCs, he under forecasted his numbers. This is known as engineering parlance as “sandbagging”.
/4/ Walk away from VCs
VCs are like popular high school people… They like to be walked away from. VCs pushed to break up one member of their Texas Instruments team.
Rod Canion exercised his walkway negotiating power.
More engineering entrepreneurship is here in #ENGR145
ENGR145’s Anchor Concept: Lemonade and Gua Gua Guacamole
It moves you to the right on the entrepreneur bell curve
CEO of Duck9
Stanford University Entrepreneur in Residence, Emeritus
Duck9 = “Deep Underground Credit Knowledge” 9
125 University Avenue/ 100
Palo Alto CA 94301
650-566-9600
650-566-9696 (direct)
650-283-8008 (cell)
****************
Editor of the BusinessWeek Channel “What They Don’t Teach at Business School”
CNN Video Channel: https://ireport.cnn.com/people/larrychiang
Read my last 10 tweets at https://www.Twitter.com/LarryChiang
Author, NY Times Bestseller
“What They Will NEVER Teach You at Stanford Business School” comes out 11-11-14
52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering
Emergency swings and cutting deals as an 9 year old
##########
Duck9 is part of UCMS Inc.
630-705-5555
Duck9 is a credit score prep program that is like a Kaplan or Princeton Review test preparation service. We don't teach beating the SAT, but we do get you to a higher credit FICO score using secret methods that have gotten us on TV, Congress and newspaper articles. Say hi or check out some of our free resources before you pay for a thing. You can also text the CEO:
