Larry Chiang<\/a><\/p>\nThe way Silicon Valley fails doesn’t show up on your Experian.<\/p>\n
Founders fail forward here. There is no trace that you failed unless you tell people, “My YC startup failed.”<\/p>\n
But that does not make failing less painful and quietly embarASSing for you and all your Princeton entrepreneurship club friends and friends of friends.<\/p>\n
Let’s duck founder BK using these five countermeasures for when the Grim Reaper prematurely visits your startup. Let us duck #ch9 bankruptcy!!<\/p>\n
-1- There is a hashtag for all things awesome in helping prevent pre-mature postmortems: #DuckCh9BK.<\/p>\n
I’d go to Twitter and use the search function for the first time. Search and find #DuckCh9BK<\/p>\n
-2- There is a hotline to call.<\/p>\n
A hotline to call is https:\/\/twitter.com\/6502838008<\/p>\n
By day I help sorority girls with their FICO. At night, I am a superhero rescuing Ivy CS founders from imminent financial death, tetterring on the brink of Assignment for Benefit of Creditors (legal phrase Cooley, Silicon Valley Bank, etc. uses) for DuckCh9Bk.<\/p>\n
(512) 775-8100. If you’re in the Austin Texas area. Ask for Larry Chiang at 98 San Jacinto.<\/p>\n
-3- Avoid founder bankruptcy by straddling the Chasm.<\/p>\n
Straddling.<\/p>\n
Sounds sexual. Is sexy. But straddling will absolutely help you avoid Bk. Me and 15 mentors see this so often, we pattern recognize it a lot at board meetings in Rosewood. The (650) 283-8008 number is programmed into the Oak room. Rosewood hotel. Menlo Park. 94025.<\/p>\n
I am at Rosewood so often that if you text me, I will come over from the pool. Shirtless. Straddle “The Chasm” because you have not crossed the innovation chasm. Straddle because you have repeatedly said, “Our prospects do not get it”<\/p>\n
Plot spoiler: They get it. They just can’t believe your sales friction and your asking to do a contract. They see value but they cannot do the deal. [more later]. Straddle the chasm has a set of signature business recipes I wrote out here: #CTCFTRstc. It is a 9 letter hashtag that rolls of the tongue. #ctcFTRstc is bc even though I am alpha amongst alphas, I still ride bitch by being the hetero male secretary who takes notes.<\/p>\n
I am alpha of alphas because I painstakingly took notes. Slapped the best notes up at a hashtag, “#CTCftrSTC that will rescue your Cal engineering, skyLab startup.<\/p>\n
Cross
\nThe
\nChasm (geoffrey moore)
\nFrom
\nThe
\nRight
\nS-t-r-a-d-d-l-e
\nThe
\nChasm<\/p>\n
-4- Read Startup Death spiral.<\/p>\n
A cal professor wrote it. A University of California, engineering school, professor wrote it. Yup, I went to Illinois. Yup, I know your Cal and YC content better than you do because while I am taller and prettier than you. I am, unfortunately, a better mentee. I would introduce you to my mentor, but he passed in 2003 :-(( Mark McCormack)<\/p>\n
Read Startup Death spiral. I went ahead and googled it for you. And made you a bit.ly because I quote mentors super well. “bit ly \/ sblank713”. In your board meeting, your VCs are quoting, citing and sourcing. When I go to one of my 12 board meetings per week…, I am quoting a 128k SansDisk full of cash-money subroutines. Yes, literally c.s. subroutines on exactly how to get your prospects off the apple box and into your star de la Hollywood trailer.<\/p>\n
NO one fux on an apple box. They bang in the trailer.<\/p>\n
Startup Death Spiral. Pull yourself out of Startup Death SPIRAL’s flat spin to sea.<\/p>\n
-5- #CS183s.<\/p>\n
I am tired of typing and wanna swim.<\/p>\n
CS 183 s. The s stands for sales’. The cs stands for…?? in the comments, write what CS stands for using a wordpress gravatar with your real face and magically see magic.<\/p>\n
–LARRY CHIANG, out.<\/p>\n","protected":false},"excerpt":{"rendered":"
Larry Chiang investigates and experiences entrepreneurship and pre-entrepreneurship. He covers the front-lines via Bloomberg BusinessWeek’s channel \u201cWhat They Don\u2019t Teach You at Business School\u201d. He has a JBA not an MBA. Its a Jedi in Business Administration. After Chiang\u2019s Harvard Law keynote, Harvard Business wrote: \u201cWhat They Don\u2019t Teach You at Stanford Business School\u201c (the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[],"class_list":["post-4848","post","type-post","status-publish","format-standard","hentry","category-duck-chapter-9-startup-bankruptcy"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/4848","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=4848"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/4848\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=4848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=4848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=4848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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