{"id":13506,"date":"2020-12-14T19:42:17","date_gmt":"2020-12-14T23:42:17","guid":{"rendered":"https:\/\/www.duck9.com\/?p=13506"},"modified":"2020-12-14T20:37:13","modified_gmt":"2020-12-15T00:37:13","slug":"stacking-your-newbie-leverage-on-top-of-something-to-no-longer-be-a-leverage-virgin-or-business-newb","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/stacking-your-newbie-leverage-on-top-of-something-to-no-longer-be-a-leverage-virgin-or-business-newb\/","title":{"rendered":"Stacking Your Newbie Leverage On Top of Something To No Longer Be a Leverage-Virgin or Business-Newb"},"content":{"rendered":"
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By Larry Chiang<\/span><\/font><\/div>\n

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It was nice meeting you poolside for office hours at 91 Rainey St at 12, noon in The 78701<\/span><\/font><\/div>\n

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That horrible acronym I kept repeating was <\/span><\/font>#EUTWMPPM<\/a><\/div>\n<\/div>\n

#EUTWMPPM<\/p>\n

Engineer Up a Tidal Wave of Momentum, Perpetual Promotion Machine
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Let us set our intention to no longer be a business transaction Virgin. It\u00e2\u20ac\u2122s okay if we have not met in person. It\u00e2\u20ac\u2122s not ok if you do not have pen and paper. It\u00e2\u20ac\u2122s ok if you have never worked at a job before. <\/span><\/div>\n

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Let\u00e2\u20ac\u2122s set our intention to do one deal. <\/font><\/span><\/div>\n
Let\u00e2\u20ac\u2122s set the impossibly high goal of doing one business deal. <\/font><\/span><\/div>\n

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99% of you will just intellectually read over and skim the details. The concept of stacking<\/i> seems soooooo easy when we talked about it at the pool. We vibed and you pretended to know what I was talking about when I said, \u00e2\u20ac\u0153We need to build something on top of something that is established. We need to run protocol #ExternalAPI. We need to DJ API\u00e2\u20ac\u2122s. Yes, disc jockey an Application Protocol Interface.\u00e2\u20ac\u009d<\/font><\/span><\/div>\n

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Permission to no longer be a virgin. <\/div>\n

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In sex, it takes two to tango. And consent times 2 is required. Simultaneous consent at perfect pace and tempo is required for oral. If there is any asymmetry, the sex deal is off<\/font><\/div>\n

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But in business, you can have permissionless leverage<\/font><\/div>\n<\/div>\n

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You\u00e2\u20ac\u2122re allowed to promote a company you do not own<\/div>\n
You\u00e2\u20ac\u2122re allowed to promote a company that you do not work at. <\/div>\n
You must tip toe the line between copyright a d trademark infringement <\/div>\n
You MUST be law abiding<\/div>\n
For example, Palo Alto Delivery dot com<\/div>\n
Initially, they sold Siam Thai Food and Macarons. They did not have permission from the business owners. They loaded up the menus into a PDF and slapped their phone number up on the website. <\/div>\n
For example, Uber. <\/div>\n
Initially, consumers did not know where the App Store was. At the beginning, Uber only had a five digit short code to text and they had not phone number. <\/div>\n
Uber was paying $60 per new uber customer. <\/div>\n
So, I took a 415-720-8500 cell and would text people a link after they called that would connect them to the App Store. They click the link to then download the Uber App for iPhone 2<\/div>\n
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Artist credit Andrew Yu<\/div>\n
I had an Uber \u00e2\u20ac\u0153API\u00e2\u20ac\u009d two years before Uber hired Chris Saad to champion their api. <\/div>\n
Text me an idea you have about building on top of SOME THING. <\/div>\n
Together, we can take you from zero-deals-done to one deal done. As my mentee, Peter Thiel* says, Zero to One**<\/div>\n
*technically, he built Stanford Law Review off of Harvard Law Review. His first entity at SLS was a sequel to HLS\u00e2\u20ac\u2122s Harvard Law Review but at Stanford where he went. <\/div>\n
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**Before going zero to One Billion, he didn\u00e2\u20ac\u2122t ask permission to be eBay\u00e2\u20ac\u2122s preferred payment provider. Peter, Luke, Max and Kenny all wedged in WITHOUT PERMISSION <\/div>\n
Ya know, instead of texting me an idea you have, let\u00e2\u20ac\u2122s play a game. Text me your favorite company and I will text back the origin story of how it combined two existing API\u00e2\u20ac\u2122s without permission from either legal entity<\/div>\n
To repeat, the game is via text or email <\/div>\n
Send me your favorite company that\u00e2\u20ac\u2122s bigger than $1b and I will text back the SCANDALOUS origin story.  Cliche not crazy that combined two existing API\u00e2\u20ac\u2122s. Not crazy that it started up without permission from any legal entity. Peter Thiel and I share a mentor, Mark McCormack. <\/span><\/div>\n

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Although Peter Thiel may deny Mark McCormack, I can cite 4 instances where they eerily match Signature Business Protocols <\/span><\/div>\n
– Running an #ExternalAPI<\/span><\/div>\n
– Forward deploying an Engineer<\/span><\/div>\n
– executing a #OneWayLetterOfIntent<\/span><\/div>\n
– Closing a deal with #InternalEscrow<\/span><\/div>\n
– non Employee Cofounder<\/span><\/div>\n
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Larry Chiang 650-283-BOOB<\/a><\/b><\/td>\n<\/tr>\n
\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@LarryChiang\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/td>\n<\/tr>\n
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<\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@value\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@naval\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@andrewcyu\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@EricJorgenson\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> I need to re-Study and reread. And I need to add to #EUTWMPPM<\/a>. <\/p>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nLeverage<\/p>\n<\/td>\n<\/td>\n<\/td>\nCosts and permissions<\/p>\n<\/td>\n<\/td>\nStacking leverage. <\/p>\n<\/td>\n\u00e2\u20ac\u0153Engineer Up a Tidal Wave of Momentum, Perpetual Promotion Machine\u00e2\u20ac\u009d 🐥🐳🐼 pic.twitter.com\/9G1zi3vbvy<\/a><\/p>\n<\/td>\n<\/tr>\n
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11\/17\/20, 11:59 PM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n <\/td>\n<\/tr>\n
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https:\/\/www.value.app\/feed\/the-age-of-infinite-leverage<\/a><\/p>\n<\/div>\n

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So EricJorgenson <\/a>wrote the Almanack of Naval Ravikant. <\/div>\n
He didn\u00e2\u20ac\u2122t need permission but he got permission anyway. <\/div>\n
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You also have my permission to paste copy my protocol for helping students go from \u00e2\u20ac\u0153credit Virgin\u00e2\u20ac\u009d to Fico 800. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Larry Chiang It was nice meeting you poolside for office hours at 91 Rainey St at 12, noon in The 78701 That horrible acronym I kept repeating was #EUTWMPPM #EUTWMPPM Engineer Up a Tidal Wave of Momentum, Perpetual Promotion Machine Let us set our intention to no longer be a business transaction Virgin. It\u00e2\u20ac\u2122s okay […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,34],"tags":[],"class_list":["post-13506","post","type-post","status-publish","format-standard","hentry","category-stanford-engineering","category-student-credit-score-fico"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/13506","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=13506"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/13506\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=13506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=13506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=13506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}