{"id":3929,"date":"2015-03-30T15:24:51","date_gmt":"2015-03-30T19:24:51","guid":{"rendered":"https:\/\/www.duck9.com\/?p=3929"},"modified":"2015-05-16T19:27:03","modified_gmt":"2015-05-16T23:27:03","slug":"avoid-and-duck-chapter-9-bk-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/avoid-and-duck-chapter-9-bk-bankruptcy\/","title":{"rendered":"Avoid and Duck Chapter 9 Bk (Bankruptcy)"},"content":{"rendered":"
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By Larry Chiang<\/div>\n
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There is a form of bankruptcy where you’re so worthless that creditors do not bother going after your assets BECAUSE YOU HAVE NO ASSETS.<\/div>\n
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Consumer Bk (bankruptcy) is called a charge-off [note: “9” is credit code ChargeOff as per #ExpTransFax; Experian, Trans Union, Equifax]. Startup Bk {bankruptcy = Bk} is called Assignment-for-Benefit-of-Creditors. I call this misnomer #Ch9Bk because chapter 9 is my chapter and my mentors chapter on entrepreneurship<\/div>\n
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Lets not go Bk<\/div>\n
Let’s avoid and Duck 9’s.<\/div>\n
Let’s avoid and\u00a0\u00a0#duckCh9bk<\/a><\/p>\n\n\n\n\n
\"\"<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/30\/15, 11:49 AM<\/a><\/div>\n
The key to living and\u00a0#duckCh9bk<\/a>\u00a0is to cross the chasm using another Prod Dev Cycle that’s been adopted\u00a0#mainSt<\/a>\u00a0#ENGR145<\/a>\u00a0#ctcFTR<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Almost all of YC deaths are due to the fact that the IQ 150 team of Y-Combinator co-founders die fighting the gravity. They die in the chasm<\/p>\n<\/div>\n

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Don’t die.<\/div>\n
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Live!!!<\/div>\n\n\n\n\n
\"\"<\/td>\nFree Credit Reports (@freecreditrepor<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/30\/15, 11:52 AM<\/a><\/div>\n
In 2015, this 1\/4 revolution around this goldilockian watery rock, all y’all are stuck on the 1991 book by human Geoffrey Moore
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Right now in March on planet Earth, we are reliant upon the wisdom of Geoffrey Moore. He named the problem that kills founders and YCombinator founders in a book called “Crossing the Chasm”. That was 1991<\/p>\n\n\n\n\n
\"\"<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/30\/15, 11:44 AM<\/a><\/div>\n
The key is to know that “The Chasm” is real. It kills so many teams of IQ 200 people. Will u cross the chasm!? My friends all do and luv me<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Look, I dumbed my IQ 270 brain to speak at the IQ 88 level.<\/p>\n<\/div>\n

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This selfie has all the makings of a #SelfieNoSelf. I took it. Oh yes, I’ll crop myself out. I just schooled you about Founders Fund VCs being your “non employee co-founder”. Get it!? Non employee co-founder parallels #SelfieNoSelf because the vc co-founder gets no credit and actually jacks up the cost per share.<\/div>\n
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Now that we agree, I’m smarter than you, let’s proceed ;-P<\/div>\n
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\"\"<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/30\/15, 11:42 AM<\/a><\/div>\n
The key is to cross the innovation chasm by having rapport w retarded dinosaurs. While being respectful of their power\u00a0#ctcFTR<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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This ENGR145 video helps you with dinosaurs, aka seasoned executives, and moves you to the right on the entrepreneur bell curve<\/div>\n
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\"\"<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/30\/15, 11:38 AM<\/a><\/div>\n
The key isn’t to see old people as dumb and blind to simple innovations<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

You must help seasoned executives vet and remove risk at every stage of innovation. If you can’t search for a blog post I’ve written, effen text me<\/p>\n

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\"\"<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/30\/15, 11:38 AM<\/a><\/div>\n
The key isn’t to see the innovation<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The key is to see the steps leading to an innovation you see. Violate this law my mentor taught me at great danger to yourselves.<\/p>\n<\/div>\n

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Read my last piece “Part IV”. The part IV that Steve Blank wouldn’t write.<\/div>\n
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Selfie!<\/div>\n
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Selfie no self is my innovation, but I gave it up without intellectual property protection because I’m a giver.<\/div>\n
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Enjoy.<\/div>\n
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I’m on the right<\/div>\n
Photo credit: Larry Chiang<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Larry Chiang There is a form of bankruptcy where you’re so worthless that creditors do not bother going after your assets BECAUSE YOU HAVE NO ASSETS. Consumer Bk (bankruptcy) is called a charge-off [note: “9” is credit code ChargeOff as per #ExpTransFax; Experian, Trans Union, Equifax]. Startup Bk {bankruptcy = Bk} is called Assignment-for-Benefit-of-Creditors. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-3929","post","type-post","status-publish","format-standard","hentry","category-stanford-entrepreneurship"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/3929","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=3929"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/3929\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=3929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=3929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=3929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}