{"id":12466,"date":"2019-11-15T13:31:23","date_gmt":"2019-11-15T17:31:23","guid":{"rendered":"https:\/\/www.duck9.com\/?p=12466"},"modified":"2019-11-15T17:51:30","modified_gmt":"2019-11-15T21:51:30","slug":"the-problem-technical-founders-have","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/the-problem-technical-founders-have\/","title":{"rendered":"The Problem Technical Founders Have"},"content":{"rendered":"<div>\n<div dir=\"ltr\">\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\"><br \/>\n<\/span>Technical<span style=\"font-size: 12pt\"> <\/span>founders<span style=\"font-size: 12pt\"> often lose <\/span>their<span style=\"font-size: 12pt\"> money<\/span>.<span style=\"font-size: 12pt\"> <\/span><\/p>\n<\/div>\n<\/div>\n<p>This<span style=\"font-size: 12pt\"> post explores <\/span>ducking<span style=\"font-size: 12pt\"> <\/span>bankruptcy<span style=\"font-size: 12pt\"> as a <\/span>tech<span style=\"font-size: 12pt\"> <\/span>founder.<span style=\"font-size: 12pt\"> <\/span><\/p>\n<div>\n<div dir=\"ltr\">\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\"><br \/>\n<\/span>Cautionary<span style=\"font-size: 12pt\"> tale: Nicolai Tesla<\/span>.<span style=\"font-size: 12pt\"> <\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\">Problem: Tesla, like Nicolai Tesla and JP Morgan started a <\/span>company.<span style=\"font-size: 12pt\"> Tesla made zero<\/span>.<span style=\"font-size: 12pt\">  (GE founder = Morgan; hat tip @GarryTan for #netflix Rec). <\/span><\/p>\n<\/div>\n<\/div>\n<img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2019\/09\/image1-1.jpeg\" class=\"size-full\">Photo credit, Tom Brady\n<div>\n<div dir=\"ltr\">\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\"><\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\">#nonEmployeeCoFounder is <\/span>like<span style=\"font-size: 12pt\"> a &#8220;selfie No Self&#8221;<\/span>.<span style=\"font-size: 12pt\"> Tom Brady took the selfie<\/span>.<span style=\"font-size: 12pt\"> And he <\/span>cropped<span style=\"font-size: 12pt\"> <\/span>himself<span style=\"font-size: 12pt\"> out<\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica; min-height: 13.8px\">Problem<span style=\"font-size: 12pt\">: Tesla died bankrupt<\/span>.<span style=\"font-size: 12pt\"> <\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica; min-height: 13.8px\">Solution: Duck bankruptcy<\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\">Case study with Elon Musk, my #WrightBros based theorem = Musk funded Tesla StartX by initially selling<\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\">&#8211; yellow pages {Zip2}<\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\">&#8211; debit cards outta Omaha {PayPal #poBox45950}]<\/span><\/p>\n<\/div>\n<\/div>\n<img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2018\/06\/image2.jpeg\" class=\"size-full\">Photo credit Larry Chiang\n<div>\n<div dir=\"ltr\">\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\"><\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\">initially, <\/span>I&#8217;ll<span style=\"font-size: 12pt\"> be <\/span>your<span style=\"font-size: 12pt\"> <\/span><span style=\"font-size: 12pt\">#nonEmployeeCoFounder<\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\"><\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt; direction: ltr; unicode-bidi: embed\">Hope every time you see a Tesla, all y\u2019all think:<\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\">Nickie Nick Nicolai Tesla was a #nonEmployeeCoFounder of GE [General Electric] but earrned zero dollars&nbsp;<\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\">Losing means dying poor as a GENIUS<\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\">#cs183sweatEquity&nbsp;<\/span><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Technical founders often lose their money. This post explores ducking bankruptcy as a tech founder. Cautionary tale: Nicolai Tesla. Problem: Tesla, like Nicolai Tesla and JP Morgan started a company. Tesla made zero. (GE founder = Morgan; hat tip @GarryTan for #netflix Rec). #nonEmployeeCoFounder is like a &#8220;selfie No Self&#8221;. Tom Brady took the selfie. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-12466","post","type-post","status-publish","format-standard","hentry","category-stanford-engineering"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/12466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=12466"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/12466\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=12466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=12466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=12466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}