{"id":4652,"date":"2015-06-01T17:40:47","date_gmt":"2015-06-01T21:40:47","guid":{"rendered":"https:\/\/www.duck9.com\/?p=4652"},"modified":"2015-06-01T17:46:09","modified_gmt":"2015-06-01T21:46:09","slug":"business-plans-business-plan-competitions-vc-opinion-and-the-future","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/business-plans-business-plan-competitions-vc-opinion-and-the-future\/","title":{"rendered":"Business Plans, Business Plan Competitions, VC Opinion and the Future"},"content":{"rendered":"<p>Larry Chiang read Mark McCormack&#8217;s, <strong><em><a href=\"https:\/\/www.amazon.com\/What-Teach-Harvard-Business-School\/dp\/0553345834\" target=\"_blank\">What They Don&#8217;t Teach You At Harvard Business School<\/a><\/em><\/strong> as an undergrad in engineering. Chiang started Duck9 to get <a href=\"https:\/\/www.101secrets.com\/general-population-credit-knowledge.htm\" target=\"_blank\">students get a credit score<\/a> over FICO 748.6 (the 91st percentile). Prior to launching a sequel to his .mentor&#8217;s book, <a href=\"https:\/\/bit.ly\/vc0311a\" target=\"_blank\">Harvard Business School<\/a> 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; based on a Harvard Law School keynote. Larry pleads entrepreneurs making the pilgrimage to Austin, Texas: &#8220;<a href=\"https:\/\/www.bit.ly\/vc0311a\" target=\"_blank\">Set yourselves to win SXSW, THIS 2016 SXSW<\/a>&#8221; and to focus on business models. Not business plans.<\/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\/QXIaNZi3mHQ?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 \/>\nNew York Fashion Week never had a business plan. It had a clear business model: Showcase models, get paid.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div>\n<p style=\"margin: 0px; font-size: 12px; font-family: Helvetica;\"><span style=\"font-size: 12pt;\">By Larry Chiang<\/p>\n<p>Silicon Valley people in-the-know focus on business models. Not business plans<br \/>\n<\/span><\/p>\n<div>\n<blockquote class=\"twitter-tweet\" lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">People are what <a href=\"https:\/\/twitter.com\/a16z\">@a16z<\/a> invest in. <a href=\"https:\/\/t.co\/KjLfBkCIq9\">https:\/\/t.co\/KjLfBkCIq9<\/a> <a href=\"https:\/\/t.co\/ua4gSJBu2x\">pic.twitter.com\/ua4gSJBu2x<\/a><\/p>\n<p>\u2014 Paul Watson (@paulmwatson) <a href=\"https:\/\/twitter.com\/paulmwatson\/status\/605343097472598016\">June 1, 2015<\/a><\/p><\/blockquote>\n<p><script src=\"\/\/platform.twitter.com\/widgets.js\" async=\"\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" lang=\"en\"><p>\nBusiness Model versus Business Plan <a href=\"https:\/\/twitter.com\/hashtag\/ENGR145?src=hash\">#ENGR145<\/a> <a href=\"https:\/\/t.co\/FFM3Kpzeo0\">https:\/\/t.co\/FFM3Kpzeo0<\/a><\/p>\n<p>\u2014 Larry Chiang (@LarryChiang) <a href=\"https:\/\/twitter.com\/LarryChiang\/status\/458370233762205696\">April 21, 2014<\/a>\n<\/p><\/blockquote>\n<p><script src=\"\/\/platform.twitter.com\/widgets.js\" async=\"\" charset=\"utf-8\"><\/script><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Larry Chiang read Mark McCormack&#8217;s, What They Don&#8217;t Teach You At Harvard Business School as an undergrad in engineering. Chiang started Duck9 to get students get a credit score over FICO 748.6 (the 91st percentile). Prior to launching a sequel to his .mentor&#8217;s book, Harvard Business School wrote: \u201cWhat They Don\u2019t Teach You at Stanford [&hellip;]<\/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-4652","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\/4652","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=4652"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/4652\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=4652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=4652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=4652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}