{"id":2788,"date":"2014-10-08T12:31:12","date_gmt":"2014-10-08T16:31:12","guid":{"rendered":"https:\/\/www.duck9.com\/?p=2788"},"modified":"2014-10-08T12:37:17","modified_gmt":"2014-10-08T16:37:17","slug":"the-afterparty-for-lecture-5-cs-183b","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/the-afterparty-for-lecture-5-cs-183b\/","title":{"rendered":"The AfterParty for Lecture #5, CS 183B"},"content":{"rendered":"
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By Larry Chiang <\/div>\n
Yesss!<\/span><\/div>\n
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I love After Parties. Have you been to one I’ve hosted? This afterparty I’m hosting on a WordPress via 5 embedded tweets and two pictures with one jaw dropping video.<\/div>\n
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If you’re a lazy student taking CS 183B online for zero cost, let me cut to Peter Thiel’s lecture’s chase and conclusion:<\/div>\n
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“A business creates X dollars of value and captures Y% of X”<\/div>\n
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That is exactly EUBM (more on “Engineer Up a Business Model” #EUBM later! Down below.<\/div>\n
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Peter Thiel at the 44:10 mark reveals: “Often times for scientists & engineers, Y equals zero”<\/div>\n
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That’s a problem.<\/div>\n
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Problem: We engineers get screwed when a douchie pays us zero<\/div>\n
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Solution: Delve into a different class at Stanford. “Technology Entrepreneurship” is Engr 145. It’s all free at “#ENGR145”<\/div>\n
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<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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10\/8\/14, 8:19 AM<\/a><\/div>\n
Peter Thiel during #CS183B<\/a> Lec3, said capture Y% of X value 
How to start? 
How to do?! #CS183Do<\/a> recommends #EUBM<\/a> pic.twitter.com\/g6lQpAqkRl<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Problem: “Y” = Zero<\/div>\n

Solution: Make Y > 0. <\/div>\n
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<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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9\/16\/13, 12:27 PM<\/a><\/div>\n
As a student of “Business Model Generation”, I simplify p44 and 45 to #EUBM<\/a> (CS VP C CR R$ KR KA KP CS<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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Problem: Engineers can’t believe alpha male problems<\/div>\n
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For example, in this business model canvas, area number one can be “I’m a big dumb HTB and as a Huge Takeover Bank I can’t tell what cellphone numbers are google voice. Lol most google voice numbers scream fraud when you’re doing bill collection from deadbeats who “charged off”. Credit code 9 is ChargeOff when a bank gives up on a loan<\/div>\n
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Problems in the real world are super basic but tough for CS majors to identity<\/div>\n
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Thus, the value (X) in the above case is helping banks lose less cash by screening out credit applicants that have google voice and no legit cellphone service <\/div>\n
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Now, lets get our “Y”, bitchezz <\/div>\n
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The “Y” corresponds to “2”<\/div>\n
Remember the “X” is region “1”<\/div>\n
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\"image.png\"<\/div>\n<\/div>\n
the “X” is region “1”. It’s the value to a company<\/div>\n
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“Y” corresponds to “2” aka REVENUE STREAMS<\/div>\n
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<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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11\/15\/13, 11:30 AM<\/a><\/div>\n
My mentor taught me to #EUBM<\/a> which is cuts the lean startup methodology in to 3 specific, non-random, signature moves<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

For example<\/p>\n\n\n\n\n
<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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11\/11\/13, 6:32 PM<\/a><\/div>\n
A great example of #EUBM<\/a> and #CTCFTR<\/a> flip.it\/Bf6Rm<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Testimonial #7 of 9<\/p>\n\n\n\n\n
<\/td>\nNick Tippmann (@ntippmann<\/a>)<\/b><\/td>\n<\/tr>\n
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7\/16\/12, 5:00 PM<\/a><\/div>\n
So Simple, So Brilliant – #EUBM<\/a> Engineer up a Business Model – VIDEO bit.ly\/OK1Ooh<\/a> via @LarryChiang<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Download<\/p>\n\n\n\n\n
<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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12\/6\/12, 11:37 AM<\/a><\/div>\n
Elliott @Loh<\/a>, my method is to #EUBM<\/a> and get a ‘seasoned executive’ to pre-pay a clear thing that is missing. And solve it using #LCRRM<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Practice entrepreneurship on something already dead like #99dresses, #Plancast or this…<\/div>\n

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(it died after sxsw)<\/p>\n\n\n\n\n
<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/11\/13, 12:44 PM<\/a><\/div>\n
Luv the @heybigfish<\/a> logo.
It’s cute
It’s a pitch
It’s a #EUBM<\/a> 
It’s a call-to-action<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

It died after SXSW<\/div>\n

SO just like a Doctor practices on cadavers, practice on a startup that’s written a postmortem <\/div>\n
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Disclosure: I sold Plancast and financially benefitted after the postmortem<\/div>\n
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(Think of it as “last board of director doing” versus the opposite VC douche which is First Investor Signalling)<\/div>\n
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Or if resuscitating something dead creeps you out… Do something “LCMCC” and new<\/div>\n\n\n\n\n
<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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10\/16\/13, 12:40 PM<\/a><\/div>\n
U in @UTexasMSTC<\/a> ?! Id take 3 days in SF to “#EUBM<\/a> up an #LCMCC<\/a>” at Marc @Benioff<\/a>‘s #DF13<\/a> 
He’s CEO. And founder.<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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More on EUBM in the two ENGR145 videos <\/div>\n
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(Remember, hashtags used to be snarkie. Now, they’re signature business subroutines) <\/div>\n
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#GuaGuaGuacamole<\/div>\n<\/div>\n
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Conclusion: That was quite the fun afterparty. You’re welcome. <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Larry Chiang  Yesss! I love After Parties. Have you been to one I’ve hosted? This afterparty I’m hosting on a WordPress via 5 embedded tweets and two pictures with one jaw dropping video. If you’re a lazy student taking CS 183B online for zero cost, let me cut to Peter Thiel’s lecture’s chase and […]<\/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-2788","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\/2788","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=2788"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/2788\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=2788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=2788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=2788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}