{"id":3658,"date":"2015-02-09T23:07:43","date_gmt":"2015-02-10T03:07:43","guid":{"rendered":"https:\/\/www.duck9.com\/?p=3658"},"modified":"2015-02-13T11:42:13","modified_gmt":"2015-02-13T15:42:13","slug":"reverse-engineering-the-business-model-of-credit-bureaus","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/reverse-engineering-the-business-model-of-credit-bureaus\/","title":{"rendered":"Reverse Engineering the Business Model of Credit Bureaus"},"content":{"rendered":"<p>Larry Chiang&#8217;s 6th book, &#8220;What They Will NEVER Teach You at Stanford Business School <a href=\"https:\/\/www.youtube.com\/watch?v=ejeIz4EhoJ0\" target=\"_blank\">WTWNTYASBS&#8221;<\/a>, will launch 11-11-19 in a <a href=\"https:\/\/www.youtube.com\/watch?v=Wjsp6XV5S0o\" target=\"_blank\">photo-booth<\/a> like the <a href=\"https:\/\/www.youtube.com\/watch?v=0ZegqjCrV_0\" target=\"_blank\">Tresemme two-story tradeshow booth<\/a> New York Fashion Week. As CEO of Duck9, he leads an army to help college student <a href=\"https:\/\/www.101secrets.com\/general-population-credit-knowledge.htm\" target=\"_blank\">consumers get a FICO<\/a> over 770. Post H.L.S. keynote, Harvard Business wrote: \u201c<a href=\"https:\/\/www.harbus.org\/2009\/What-They-Dont-Teach-4531\/\" target=\"_blank\">What They Don\u2019t Teach You at Stanford Business School<\/a>&#8221; (his latest post: &#8220;<a href=\"https:\/\/www.duck9.com\/entrepreneurship\/setting-an-intention-for-your-sxsw-practice-at-yoga-journal-conference\/\" target=\"_blank\">Setting an intention for SXSWi<\/a>&#8220;.<\/p>\n<table style=\"height: 155px;\" width=\"156\" cellpadding=\"10\" align=\"left\">\n<tbody>\n<tr>\n<td width=\"100\"><span class=\"embed-youtube\"><iframe loading=\"lazy\" class=\"youtube-player\" src=\"https:\/\/www.youtube.com\/embed\/tzcyeJtosig?version=3&amp;rel=1&amp;fs=1&amp;showsearch=0&amp;showinfo=1&amp;iv_load_policy=1&amp;wmode=transparent\" width=\"260\" height=\"183\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/span><br \/>\nNY Fashion Week is just like the Mom&#8217;s Day Fashion Show. Instead of the &#8216;Union&#8217;, its held at Lincoln Center<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div>By Larry Chiang&nbsp;<\/div>\n<div><\/div>\n<div>Credit bureaus have a very dirty business model.<\/div>\n<div><\/div>\n<div>Business models are fun to sniff out. I taught the sequel to Business Model Generation, which is Engineer Up a Business Model (EUBM). #EUBM is curated at Twitter on the official app&nbsp;<a href=\"https:\/\/twitter.com\/download?ref_src=MailTweet-iOS\">here<\/a><\/p>\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\/564825886122192896\">2\/9\/15, 8:39 AM<\/a><\/div>\n<div>Credit bureaus are an oligopoly of your credit mistakes<\/p>\n<p><a href=\"https:\/\/search.twitter.com\/search?q=#ExpTransFax\">#ExpTransFax<\/a> benefits from the sale of negative credit info<br \/>Experian<br \/>Trans Union<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Experian +<\/div>\n<div>Trans Union +<\/div>\n<div>Equifax +<\/div>\n<div>=&nbsp;<a href=\"https:\/\/search.twitter.com\/search?q=#ExpTransFax\">#ExpTransFax<\/a>. They are 3 private corporations that control negative credit data on approximately 380 million Americans. It is an oligopoly.&nbsp;<\/div>\n<div><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2015\/02\/image21.jpeg\" alt=\"image.jpeg\" id=\"F6E77DBD-1F1B-4F15-8813-F20692625F1B\"><\/div>\n<div>My expertise in business models via &#8220;#EUBM&#8221; inside of Stanford Engineering plus my knowledge of FCRA FCBA make me an ideal mentor for your FICO score. Pepper in the fact that I have a Rolodex of VCs with billions under management, and you have this to conclude: You can do a sequence of Pop Up Internships<\/div>\n<div><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2015\/02\/image22.jpeg\" alt=\"image.jpeg\" id=\"F41606D0-4E3A-4B0F-9851-2B0366FF3EDB\"><\/div>\n<div>Pop Up Internship 13a)<\/div>\n<div>Selling credit score coaching and FICO score augmentation for $599.95. You keep 100%<\/div>\n<div><\/div>\n<div>Pop Up Internship 13b)<\/div>\n<div>Selling the FICO score inflation methodology of BCSEUTWM (Building Credit Score, Engineering Up Tidal Wave Momentum #BCSEUTWM)&nbsp;<\/div>\n<div><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2015\/02\/image23.jpeg\" alt=\"image.jpeg\" id=\"647BB267-2A95-4443-8611-D20448D272F8\"><\/div>\n<div>The base work book costs $10. You can sell the finished product for $200+&nbsp;<\/div>\n<div><\/div>\n<div><\/p>\n<div><\/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&#8217;s Founding EIR (Entrepreneur in Residence)<\/div>\n<div><\/div>\n<div>Duck9 = Deep Underground Credit Knowledge 9<\/div>\n<div>c\/o UCMS Inc<\/div>\n<div>2021 Midwest Road \/ 3rd FL<\/div>\n<div>Oak Brook IL<\/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>630-705-5555<\/div>\n<div>650-283-8008 (cell<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Larry Chiang&#8217;s 6th book, &#8220;What They Will NEVER Teach You at Stanford Business School WTWNTYASBS&#8221;, will launch 11-11-19 in a photo-booth like the Tresemme two-story tradeshow booth New York Fashion Week. As CEO of Duck9, he leads an army to help college student consumers get a FICO over 770. Post H.L.S. keynote, Harvard Business wrote: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3658","post","type-post","status-publish","format-standard","hentry","category-credit-bureau-disputes"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/3658","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=3658"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/3658\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=3658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=3658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=3658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}