By Larry Chiang<\/p>\n
I have this theory that risk can be nearly eliminated. I mentor academically smart female engineers to also be street smart. Street smart used to connotate shady. Now, it means compression of massive experience via pattern recognition that leads to pattern replication and pattern iteration.<\/p>\n
My theory in risk minimization, Risk mitigation, And near risk elimination has been in my entrepreneurship practice. Like a yoga practice, I also have a guru. In yoga, my mentor is Giselle Mari. In the practice of entrepreneurship, my mentor is Mark McCormack.<\/p>\n
Pattern Replication.<\/p>\n
Accidental. Non accidental entrepreneur.<\/p>\n
Reverse Engineer<\/p>\n
I am activating two sub-franchise concepts<\/p>\n
I boil down what patterns I’ve observed in successful founders<\/p>\n
Play with a Lemonade Stand Business<\/p>\n
Split off a Positive Black Swan<\/p>\n
Pain pleasure juxtaposition is common in entrepreneurs.<\/p>\n
In the case of dancers, they get massively positive results from doing painful task.<\/p>\n
Shed the Imposter Syndrome.<\/p>\n
DIYVC<\/p>\n
Lifestyle biz + ENGR degree + moonlight + fortune 100 J.O.B. = zero risk = #DIYVC (do it yourself VC)<\/p>\n
#wokEthic = work ethic but Asian<\/p>\n
Skimming this article won\u2019t work.<\/p>\n
Seriously shut down your IM. Close the 7 windows. Turn off your two phones. And focus your 155 IQ points on this.<\/p>\n
If your IQ isn\u2019t 1-5-5, leave.<\/p>\n
If you can\u2019t focus using \u201cmomentary singular focus\u201d, leave now.<\/p>\n
The old way was an ultimate success formulae \u2013 I concocted, developed an ultimate success algorithm.<\/p>\n
It involves \u2013 pattern recognition (that u get an old old rich executive with) \u2013 pattern replication \u2013 pattern iteration<\/p>\n
I broke into an industry by hacking the Fair Isaac credit card credit score algorithm. I crashed film school with another algorithm. I authored 13 algorithms that I dumbed down into \u201cGua Gua Guacamole\u201d. My algorithms could get sold, but I give them away. It\u2019s cuz I\u2019m rich and hiLarryAss.<\/p>\n
If you\u2019re foreign, you\u2019re bristling at my tone. If you\u2019re a white dude from the Midwest\u2026 You\u2019re thinking I\u2019m your new BFF.<\/p>\n
And I am.<\/p>\n
Your end result and goal should be to be an engineering entrepreneur co-founder with zero risk exposure.<\/p>\n
Zero risk.<\/p>\n
Tell that nasty risk to take a hike!!<\/p>\n
Old people that tell us to take massive risks WHILE YOU\u2019RE YOUNG never took risks themselves. I\u2019m the guy that reverse engineers what they did so you can pattern replicate what they did versus what they are saying you should do.<\/p>\n
Have you ever played the board game Risk?! PLOT SPOILER: The winner sits in Australia protecting one border and never \u201crisks\u201d ANYTHING.<\/p>\n
I was taught this by engineer entrepreneurs. Now here is the algorithm<\/p>\n
ENGR DIYVC<\/p>\n
Lifestyle biz + ENGR degree + moonlight + fortune 100 J.O.B. = zero risk = #DIYVC (do it yourself VC)<\/p>\n
#wokEthic = work ethic but Asian<\/p>\n
Co-founding a life style business is what they teach at ENGR 145. It\u2019s about 650 steps. Execute 400-420 of them by reading. Re-reading. Executing. Pattern iterating. Reading. Pattern replicating.<\/p>\n
The other parts of my S.U.C.C.E.S.S. ALGO you\u2019ll have to google search. And read<\/p>\n
The Ga Ga Guaranteed exits and are your lifestyle business ideas. You keep it, it\u2019s a lifestyle business. You sell it\u2026 It\u2019s an exit. The Ga Ga Guaranteed exits are an Easter egg hunt in my twitter feed. The tweets are labelled \u201cGa Ga Guaranteed\u201d from Sept 2011 to April 2012. If you are foreign, an Easter egg hunt is where treats are buried inside plastic Easter eggs by aunties that stuff a $50 bill inside.<\/p>\n
What am I doing?! Pivoting SLAC. I\u2019m risk free trying to be a trillionaire<\/p>\n
Cray cray?!<\/p>\n
This will boil-bake your IQ 250 brain. Your electric car boils water to propel fwd. But my high school car, Buster, doesn\u2019t. He\u2019s a 1992 BMW. Got Atomic power? It boils water. Pivoting SLAC entails taking nuclear power to Internal Nuclear Fission Engine-ate.<\/p>\n
But you\u2019re a non engineer reading this and you. Hate. Me.<\/p>\n
So here is a gift for reading this far. Here is an algorithm to \u201chack\u201d business school. Don\u2019t pay $200k. Get paid $30k to learn it.<\/p>\n
Get a library card. Get a list of books GSB uses. Master finance and accounting.<\/p>\n
Finance is engineering calculus for retards.<\/p>\n
Accounting is engineering financial dashboard metrics with jargon, terms and rules that take about 400 hrs to master. You understand fluid dynamics. 1\/100th the brain power needed to understand GAAP, TVPI, npv, WACC, and interest<\/p>\n
CEO of Duck9 Stanford University EIR (Entrepreneur in Residence)<\/p>\n
Duck9 = Deep Underground Credit Knowledge 9 125 University Avenue\/ 100 Palo Alto CA 94301 https:\/\/www.duck9.com\/ass<\/a> 650-566-9600 650-566-9696 (direct) 650-283-8008 (cell)<\/p>\n **************** Editor of the BusinessWeek Channel “What They Don’t Teach at Business School” https:\/\/whattheydontteachyouatstanfordbusinessschool.com\/blog<\/a> CNN Video Channel: https:\/\/ireport.cnn.com\/people\/larrychiang<\/a><\/p>\n Read my last 10 tweets at https:\/\/www.Twitter.com\/LarryChiang<\/a><\/p>\n Author, NY Times Bestseller https:\/\/whattheydontteachyouatstanfordbusinessschool.com\/blog\/?s=Ny+times+bestseller<\/a><\/p>\n “What They Will NEVER Teach You at Stanford Business School” comes out 11-11-12<\/p>\n