{"id":1887,"date":"2013-12-07T15:23:49","date_gmt":"2013-12-07T19:23:49","guid":{"rendered":"https:\/\/www.duck9.com\/?p=1887"},"modified":"2013-12-07T15:28:54","modified_gmt":"2013-12-07T19:28:54","slug":"10-things-silicon-valley-veteran-entrepreneurs-are-frustrated-that-you-dont-already-know","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/10-things-silicon-valley-veteran-entrepreneurs-are-frustrated-that-you-dont-already-know\/","title":{"rendered":"10 Things Silicon Valley Veteran Entrepreneurs  Are Frustrated That You Don&#8217;t Already Know"},"content":{"rendered":"<div>\n<div>By Larry Chiang<\/div>\n<div><\/div>\n<div>Here is a list of ten things alpha startup thinkers think here in Silicon Valley.&nbsp;<\/div>\n<div><\/div>\n<div>1- You don&#8217;t need VC or angel money to start<\/div>\n<div><\/div>\n<div>2- Business plans are useless. Just do a deck<\/div>\n<div><\/div>\n<div>3- Don&#8217;t follow your passion. Follow your effort&nbsp;<\/div>\n<div><\/div>\n<div>4- Networking is accelerated if you have a GitHub \/ StackOverflow account.&nbsp;<\/div>\n<div><\/div>\n<div>5- Founder teams of 3 engineers don&#8217;t need a biz dev co-founder. Or worse a business development hire<\/div>\n<div><\/div>\n<div>6- Internal deliverables don&#8217;t help. Focus on external deliverables.&nbsp;<\/div>\n<div><\/div>\n<div>7- Mentorship.&nbsp;<\/div>\n<div><\/div>\n<div>8- It&#8217;s the arbitrage and the algorithm&nbsp;<\/div>\n<div><\/div>\n<div>9- 80-18-2 Rule. Be part of the &#8220;2&#8221;<\/div>\n<div>2% create<\/div>\n<div>18% curate<\/div>\n<div>80% stalk (and analyze and analyze)<\/div>\n<div><\/div>\n<div>\n<table style=\"border:1px solid black;padding:8px;\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/3411684931\/bd26194fa93733b624ec22966dbdb9d9_normal.jpeg\" style=\"width:48px;height:48px;padding-right:8px;\"><\/td>\n<td><b>Larry Chiang (<a href=\"https:\/\/twitter.com\/larrychiang\">@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/larrychiang\/status\/409390228269326336\">12\/7\/13, 10:33 AM<\/a><\/div>\n<div>Borrowing against receivables is how I hack startup loans. Because I hack money and bust catch 22&#8217;s. it&#8217;s creative founder financing<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/div>\n<div><\/div>\n<div>\n<div><span style=\"-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); \">10- The Andrew Belay Quora answer on &#8220;What Startups Should Know&#8221;<\/span><\/div>\n<div><\/div>\n<div>This ENGR145&nbsp;video is how alpha VCs will data collect potential founders&nbsp;<\/div>\n<div><\/div>\n<div><a href=\"https:\/\/www.youtube.com\/watch?v=eudADPfTWiE&amp;feature=youtube_gdata_player\"><embed width='425' height='344' allowfullscreen='true' allowscriptaccess='always' type='application\/x-shockwave-flash' src='https:\/\/www.youtube.com\/v\/eudADPfTWiE&#038;hl=en&#038;fs=1' \/><\/a><\/div>\n<div><\/div>\n<div><a href=\"https:\/\/www.youtube.com\/watch?v=n5jB310egEI&amp;feature=youtube_gdata_player\"><embed width='425' height='344' allowfullscreen='true' allowscriptaccess='always' type='application\/x-shockwave-flash' src='https:\/\/www.youtube.com\/v\/n5jB310egEI&#038;hl=en&#038;fs=1' \/><\/a><\/div>\n<div><\/div>\n<div><a href=\"https:\/\/www.youtube.com\/watch?v=BMyLcDaWazU&amp;feature=youtube_gdata_player\"><embed width='425' height='344' allowfullscreen='true' allowscriptaccess='always' type='application\/x-shockwave-flash' src='https:\/\/www.youtube.com\/v\/BMyLcDaWazU&#038;hl=en&#038;fs=1' \/><\/a><\/div>\n<div><\/div>\n<div>CEO of Duck9<\/div>\n<div>Stanford University Entrepreneur in Residence, Emeritus<\/div>\n<div><\/div>\n<div>Duck9 = &#8220;Deep Underground Credit Knowledge&#8221; 9<\/div>\n<div>125 University Avenue\/ 100<\/div>\n<div>Palo Alto CA 94301<\/div>\n<div><a href=\"https:\/\/www.duck9.com\/ass\"><a href=\"https:\/\/www.duck9.com\/ass\" >https:\/\/www.duck9.com\/ass<\/a><\/a><\/div>\n<div>650-566-9600<\/div>\n<div>650-566-9696 (direct)<\/div>\n<div>650-283-8008 (cell)<\/div>\n<div><\/div>\n<div>****************<\/div>\n<div>Editor of the BusinessWeek Channel &#8220;What They Don&#8217;t Teach at Business School&#8221;<\/div>\n<div><a href=\"https:\/\/whattheydontteachyouatstanfordbusinessschool.com\/blog\"><a href=\"https:\/\/whattheydontteachyouatstanfordbusinessschool.com\/blog\" >https:\/\/whattheydontteachyouatstanfordbusinessschool.com\/blog<\/a><\/a><\/div>\n<div>CNN Video Channel: <a href=\"https:\/\/ireport.cnn.com\/people\/larrychiang\"><a href=\"https:\/\/ireport.cnn.com\/people\/larrychiang\" >https:\/\/ireport.cnn.com\/people\/larrychiang<\/a><\/a><\/div>\n<div><\/div>\n<div>Read my last 10 tweets at <a href=\"https:\/\/www.Twitter.com\/LarryChiang\"><a href=\"https:\/\/www.Twitter.com\/LarryChiang\" >https:\/\/www.Twitter.com\/LarryChiang<\/a><\/a><\/div>\n<div><\/div>\n<div>Author, NY Times Bestseller<\/div>\n<div><a href=\"https:\/\/whattheydontteachyouatstanfordbusinessschool.com\/blog\/?s=Ny+times+bestseller\"><a href=\"https:\/\/whattheydontteachyouatstanfordbusinessschool.com\/blog\/?s=Ny+times+bestseller\" >https:\/\/whattheydontteachyouatstanfordbusinessschool.com\/blog\/?s=Ny+times+bestseller<\/a><\/a><\/div>\n<div><\/div>\n<div>&#8220;What They Will NEVER Teach You at Stanford Business School&#8221; comes out 11-11-14<\/div>\n<div><\/div>\n<div><a href=\"https:\/\/www.fastcompany.com\/embed\/c0d4562ea2049\"><a href=\"https:\/\/www.fastcompany.com\/embed\/c0d4562ea2049\" >https:\/\/www.fastcompany.com\/embed\/c0d4562ea2049<\/a><\/a><\/div>\n<div><\/div>\n<div>52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering<\/div>\n<div><a href=\"https:\/\/www.youtube.com\/watch?v=vDBY0GkI3-g&amp;feature=youtube_gdata_player\"><embed width='425' height='344' allowfullscreen='true' allowscriptaccess='always' type='application\/x-shockwave-flash' src='https:\/\/www.youtube.com\/v\/vDBY0GkI3-g&#038;hl=en&#038;fs=1' \/><\/a><\/div>\n<div><\/div>\n<div>Emergency swings and cutting deals as an 9 year old<\/div>\n<div><\/div>\n<div><a href=\"https:\/\/www.youtube.com\/watch?v=OFGY7v9C4G0&amp;feature=youtube_gdata_player\"><embed width='425' height='344' allowfullscreen='true' allowscriptaccess='always' type='application\/x-shockwave-flash' src='https:\/\/www.youtube.com\/v\/OFGY7v9C4G0&#038;hl=en&#038;fs=1' \/><\/a><\/div>\n<div><\/div>\n<div>##########<\/div>\n<div>Duck9 is part of UCMS Inc.<\/div>\n<div><a href=\"https:\/\/www.ucms.com\"><a href=\"https:\/\/www.ucms.com\" >https:\/\/www.ucms.com<\/a><\/a><\/div>\n<div>630-705-5555<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Larry Chiang Here is a list of ten things alpha startup thinkers think here in Silicon Valley.&nbsp; 1- You don&#8217;t need VC or angel money to start 2- Business plans are useless. Just do a deck 3- Don&#8217;t follow your passion. Follow your effort&nbsp; 4- Networking is accelerated if you have a GitHub \/ [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1887","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/1887","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=1887"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/1887\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=1887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=1887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=1887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}