{"id":8350,"date":"2016-08-08T13:22:26","date_gmt":"2016-08-08T17:22:26","guid":{"rendered":"https:\/\/www.duck9.com\/?p=8350"},"modified":"2016-08-08T13:26:54","modified_gmt":"2016-08-08T17:26:54","slug":"mergers-and-acquisitions","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/mergers-and-acquisitions\/","title":{"rendered":"Mergers And Acquisitions"},"content":{"rendered":"<div>\n<div>\n<div>\n<div>By Larry Chiang<\/div>\n<div><\/div>\n<div>Laymen&#8217;s knowledge of M&amp;A can get you killed. &#8220;Enough knowledge to be dangerous&#8221; is the equivalent of a PE exec saying about their Private Equity investment into a founder \/ business operator: &#8216;we are giving them enough rope to choke themselves.&#8217; What I am saying is that the below knowledge will keep you from financial ruin.&nbsp;<\/div>\n<div><\/div>\n<div>Eek.&nbsp;<\/div>\n<div><\/div>\n<div>Listen up. This is a crash course for <span style=\"background-color: rgba(255, 255, 255, 0);\">M&amp;A. <i><b>It&#8217;s only for tech founders with an advanced engineering and an MBA<\/b><\/i>. If you have neither,&nbsp;<\/span><font color=\"#000000\" style=\"background-color: rgba(255, 255, 255, 0);\"><a href=\"https:\/\/twitter.com\/search?q=%23stramgt353mAndA&amp;src=hash\" style=\"background-color: rgba(255, 255, 255, 0);\">#stramgt353mAndA<\/a>&nbsp;is not going to make a whole lot of sense.&nbsp;<\/font><font color=\"#000000\" style=\"background-color: rgba(255, 255, 255, 0);\"><a href=\"https:\/\/twitter.com\/search?q=%23Stramgt353&amp;src=hash\" style=\"background-color: rgba(255, 255, 255, 0);\">#Stramgt353<\/a>&nbsp;and&nbsp;<\/font><span style=\"background-color: rgba(255, 255, 255, 0);\">M&amp;A together might not make a lot of sense because a blog post is a horrible forum to spell out the theorem of&nbsp;<\/span><font color=\"#000000\" style=\"background-color: rgba(255, 255, 255, 0);\"><a href=\"https:\/\/twitter.com\/search?q=%23stramgt353mAndA&amp;src=hash\" style=\"background-color: rgba(255, 255, 255, 0);\">#Stramgt353mAndA<\/a>.&nbsp;<\/font><\/div>\n<div><font color=\"#000000\" style=\"background-color: rgba(255, 255, 255, 0);\"><br \/><\/font><\/div>\n<div><font color=\"#000000\" style=\"background-color: rgba(255, 255, 255, 0);\">Yes, theorem. My&nbsp;<\/font><font color=\"#000000\" style=\"background-color: rgba(255, 255, 255, 0);\"><a href=\"https:\/\/twitter.com\/search?q=%23stramgt353mAndA&amp;src=hash\" style=\"background-color: rgba(255, 255, 255, 0);\">#stramgt353mAndA<\/a>&nbsp;theorem solves the proof &#8220;beware of corp dev&#8221;. Like a geometric proof,&nbsp;<\/font><span style=\"background-color: rgba(255, 255, 255, 0);\">M&amp;A has Corp Dev Sharks that&#8217;ll eat your tech startup, before it takes off&#8230;<\/span><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\"><br \/><\/span><\/div>\n<div><font color=\"#000000\" style=\"background-color: rgba(255, 255, 255, 0);\"><a href=\"https:\/\/twitter.com\/paulg\" style=\"background-color: rgba(255, 255, 255, 0);\">@paulg<\/a>&nbsp;tweeted, &#8220;Beware corp dev&#8221;<\/font><\/div>\n<div><\/p>\n<table style=\"border: 1px solid black; padding: 8px;\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0);\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/613751289587957760\/ZN0VKUOa_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px;\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0);\">Larry Chiang (<a href=\"https:\/\/twitter.com\/larrychiang?refsrc=email&amp;s=11\">@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/larrychiang\/status\/551734013824495616?refsrc=email&amp;s=11\" style=\"background-color: rgba(255, 255, 255, 0);\"><font color=\"#000000\">1\/4\/15, 5:36 AM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">You familiar w&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23Stramgt353&amp;src=hash\">#Stramgt353<\/a>&nbsp;<a href=\"https:\/\/twitter.com\/paulg\">@paulg<\/a>&nbsp;?!<br \/>Lol, I&#8217;m helping student athletes get the knowledge of an MBA&nbsp;<a href=\"https:\/\/twitter.com\/Stanford\">@Stanford<\/a>&nbsp;<a href=\"https:\/\/t.co\/pLG8nhh8kT\">pic.twitter.com\/pLG8nhh8kT<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0);\"><br \/><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2016\/08\/image1-3.jpg\" alt=\"image1.JPG\" id=\"7B14C3CB-FC51-42A6-9FC3-F4015E254EFE\"><br \/><\/span><\/div>\n<div><font color=\"#000000\" style=\"background-color: rgba(255, 255, 255, 0);\"><a href=\"https:\/\/twitter.com\/search?q=%23Stramgt353&amp;src=hash\" style=\"background-color: rgba(255, 255, 255, 0);\">#Stramgt353<\/a>&nbsp;is a real Stanford class that teaches search fund-ing.&nbsp;<\/font><\/div>\n<div>\n<table style=\"border: 1px solid black; padding: 8px;\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0);\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/378800000690823167\/55a69d2d13ff9003fa7040387db2f7eb_normal.jpeg\" style=\"width: 48px; height: 48px; padding-right: 8px;\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0);\">E M (<a href=\"https:\/\/twitter.com\/moonertweet?refsrc=email&amp;s=11\">@moonertweet<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/moonertweet\/status\/401152322329264128?refsrc=email&amp;s=11\" style=\"background-color: rgba(255, 255, 255, 0);\"><font color=\"#000000\">11\/14\/13, 4:59 PM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">Andy Rachleff&nbsp;<a href=\"https:\/\/twitter.com\/Wealthfront\">@Wealthfront<\/a>&nbsp;guest speaker&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23stramgt353&amp;src=hash\">#stramgt353<\/a>&nbsp;<a href=\"https:\/\/twitter.com\/StanfordBiz\">@StanfordBiz<\/a>&nbsp;<a href=\"https:\/\/t.co\/L3O3unLPsa\">pic.twitter.com\/L3O3unLPsa<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0);\"><br \/><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2016\/08\/image2-1.jpg\" alt=\"image2.JPG\" id=\"3619B81D-D588-4B4D-94F5-BA55DAA6E03E\"><br \/><\/span><\/div>\n<table style=\"border: 1px solid black; padding: 8px;\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0);\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/613751289587957760\/ZN0VKUOa_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px;\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0);\">Larry Chiang (<a href=\"https:\/\/twitter.com\/larrychiang?refsrc=email&amp;s=11\">@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/larrychiang\/status\/553967530100801536?refsrc=email&amp;s=11\" style=\"background-color: rgba(255, 255, 255, 0);\"><font color=\"#000000\">1\/10\/15, 9:32 AM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">Curious how a student athlete got&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23Stramgt353&amp;src=hash\">#Stramgt353<\/a>&nbsp;knowledge as an undergrad!? Be @655Knight 6:15pm&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%2320Jan2015&amp;src=hash\">#20Jan2015<\/a>&nbsp;<a href=\"https:\/\/t.co\/f6zxyYpJoP\">pic.twitter.com\/f6zxyYpJoP<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0);\"><br \/><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2016\/08\/image3-1.jpg\" alt=\"image3.JPG\" id=\"3383BBAD-1463-40EC-94B3-CDE7B436BB14\"><br \/><\/span><font color=\"#000000\" style=\"background-color: rgba(255, 255, 255, 0);\"><a href=\"https:\/\/twitter.com\/search?q=%23Stramgt353&amp;src=hash\" style=\"background-color: rgba(255, 255, 255, 0);\">#Stramgt353<\/a>&#8216;s textbook is available for purchase<\/font><span style=\"background-color: rgba(255, 255, 255, 0);\"><br \/><\/span><\/p>\n<table style=\"border: 1px solid black; padding: 8px;\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0);\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/613751289587957760\/ZN0VKUOa_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px;\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0);\">Larry Chiang (<a href=\"https:\/\/twitter.com\/larrychiang?refsrc=email&amp;s=11\">@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/larrychiang\/status\/591774983975612416?refsrc=email&amp;s=11\" style=\"background-color: rgba(255, 255, 255, 0);\"><font color=\"#000000\">4\/24\/15, 6:25 PM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">2006.&nbsp;<a href=\"https:\/\/twitter.com\/GSBeConference\">@GSBeConference<\/a>&nbsp;I heard professor Grousbeck speak Re&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23Stramgt353&amp;src=hash\">#Stramgt353<\/a><br \/>It helped me prep&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23ENGR145&amp;src=hash\">#ENGR145<\/a>&#8216;s&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23CTCFTR&amp;src=hash\">#CTCFTR<\/a>&nbsp;2012<br \/>&#8211;Thank you&nbsp;<a href=\"https:\/\/twitter.com\/StanfordBiz\">@StanfordBiz<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0);\"><br \/><\/span><font color=\"#000000\" style=\"background-color: rgba(255, 255, 255, 0);\"><a href=\"https:\/\/twitter.com\/search?q=%23stramgt353mAndA&amp;src=hash\" style=\"background-color: rgba(255, 255, 255, 0);\">#stramgt353mAndA<\/a>&nbsp;is built upon&nbsp;<\/font><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">&#8211;&nbsp;<\/span><font color=\"#000000\"><span style=\"background-color: rgba(255, 255, 255, 0);\"><a href=\"https:\/\/twitter.com\/search?q=%23Stramgt353&amp;src=hash\">Stramgt353<\/a><br \/>&#8211;&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23ENGR145&amp;src=hash\">#ENGR145<\/a>&#8216;s and<\/span><\/font><\/div>\n<div><font color=\"#000000\"><span style=\"background-color: rgba(255, 255, 255, 0);\">&#8211;&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23CTCFTR&amp;src=hash\">#CTCFTR<\/a>&nbsp;<\/span><\/font><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\"><br \/><\/span><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">The uber basics.<br \/><\/span><\/p>\n<table style=\"border: 1px solid black; padding: 8px;\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0);\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/613751289587957760\/ZN0VKUOa_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px;\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0);\">Larry Chiang (<a href=\"https:\/\/twitter.com\/larrychiang?refsrc=email&amp;s=11\">@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/larrychiang\/status\/672920327656222720?refsrc=email&amp;s=11\" style=\"background-color: rgba(255, 255, 255, 0);\"><font color=\"#000000\">12\/4\/15, 3:28 PM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">See how Vinod started. See the&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23Stramgt353&amp;src=hash\">#Stramgt353<\/a>&nbsp;textbook.&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23Ch6&amp;src=hash\">#Ch6<\/a>&nbsp;p626&nbsp;<a href=\"https:\/\/t.co\/PYIzhIHOdJ\">twitter.com\/nickvarchaver\/\u2026<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0);\"><br \/>The practical execution of the proof:<\/span><\/div>\n<table style=\"border: 1px solid black; padding: 8px;\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0);\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/613751289587957760\/ZN0VKUOa_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px;\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0);\">Larry Chiang (<a href=\"https:\/\/twitter.com\/larrychiang?refsrc=email&amp;s=11\">@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/larrychiang\/status\/735232955409305600?refsrc=email&amp;s=11\" style=\"background-color: rgba(255, 255, 255, 0);\"><font color=\"#000000\">5\/24\/16, 3:16 PM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">Search fund.&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23stramgt353&amp;src=hash\">#stramgt353<\/a><br \/>SearchFund, FoundMoney&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23stramgt353e&amp;src=hash\">#stramgt353e<\/a>.&nbsp;<a href=\"https:\/\/t.co\/o99FubZ25w\">pic.twitter.com\/o99FubZ25w<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0);\">&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23stramgt353e&amp;src=hash\">#stramgt353e<\/a>&nbsp;is based on you do not need money for your search fund. You need code and you need coders who sell and distribute doing DJ&#8217;d API&#8217;s (disc jockey API&#8217;s. Application Protocol Interface)<\/p>\n<p>The very specific future of M&amp;A as it pertains to undergrad engineers who gain the knowledge of an MBA before getting their undergrad Bachelors in Science:<br \/><\/span><\/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\/613751289587957760\/ZN0VKUOa_normal.jpg\" style=\"width:48px;height:48px;padding-right:8px;\"><\/td>\n<td><b>Larry Chiang (<a href=\"https:\/\/twitter.com\/larrychiang?refsrc=email&amp;s=11\">@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/larrychiang\/status\/762318761298833412?refsrc=email&amp;s=11\">8\/7\/16, 9:05 AM<\/a><\/div>\n<div><a href=\"https:\/\/twitter.com\/search?q=%23stramgt353mAndA&amp;src=hash\">#stramgt353mAndA<\/a>. Trading your puddy cat for someone else&#8217;s dog. M&amp;A for startup&#8217;s has a protocol.  <a href=\"https:\/\/t.co\/nZ1vDMNSRS\"><span>twitter.com\/techcrunch\/sta\u2026<\/span><\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div id=\"AppleMailSignature\">\n<div><font color=\"#000000\"><span style=\"background-color: rgba(255, 255, 255, 0);\"><a href=\"https:\/\/twitter.com\/search?q=%23ENGR145&amp;src=hash\">#ENGR145<\/a>&#8216;s&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23CTCFTR&amp;src=hash\">#CTCFTR<\/a>&nbsp;<\/span><\/font><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\"><a href=\"https:\/\/www.youtube.com\/watch?v=eudADPfTWiE&amp;sns=em\">https:\/\/www.youtube.com\/watch?v=eudADPfTWiE&amp;sns=em<\/a><\/span><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\"><br \/><\/span><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\"><a href=\"https:\/\/www.youtube.com\/watch?v=WVKHwYJzVVc&amp;sns=em\">https:\/\/www.youtube.com\/watch?v=WVKHwYJzVVc&amp;sns=em<\/a><\/span><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\"><br \/><\/span><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Larry Chiang Laymen&#8217;s knowledge of M&amp;A can get you killed. &#8220;Enough knowledge to be dangerous&#8221; is the equivalent of a PE exec saying about their Private Equity investment into a founder \/ business operator: &#8216;we are giving them enough rope to choke themselves.&#8217; What I am saying is that the below knowledge will keep [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8350","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/8350","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=8350"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/8350\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=8350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=8350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=8350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}