{"id":8394,"date":"2016-08-15T13:10:35","date_gmt":"2016-08-15T17:10:35","guid":{"rendered":"https:\/\/www.duck9.com\/?p=8394"},"modified":"2016-08-31T18:51:20","modified_gmt":"2016-08-31T22:51:21","slug":"at-first-10-of-the-fico-pie-chart-is-all-you-have-2","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/at-first-10-of-the-fico-pie-chart-is-all-you-have-2\/","title":{"rendered":"At first, “10%” of The FICO Pie Chart is all you have"},"content":{"rendered":"
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By Larry Chiang<\/div>\n
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Huge mistake and misconception = FICO percentages and what portion is what. Why?!? Because at first, the 10% in new credit<\/i> is all you have<\/div>\n
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\nStanford engineering majors. You start at 10% new credit because you have zero credit. So, the 10% is your 100%<\/p>\n\n\n\n\n
<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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8\/14\/16, 3:19 PM<\/span><\/a><\/div>\n
At first, the “10%” is all you have 💬\u00a0twitter.com\/larrychiang\/st\u2026<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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6\/23\/16, 8:28 AM<\/span><\/a><\/div>\n
Conclusion: the 10% is the 100%. The impossibility?! Starting a USA credit report = odds were against us\u00a0#GES2016<\/a>\u00a0pic.twitter.com\/f9B3XTIHCs<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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\nperplexed = the catch 22 of you do not get VC money unless VCs really, really wanna invest. Starting up your FICO is just like VC funding for a startup. At first the 10% is all you have (small pie for freshman engineering founders)
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<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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8\/15\/16, 9:31 AM<\/span><\/a><\/div>\n
‘100% of a credit report is credit inquiry when it’s the first (1st) credit inquiry”
\n–@LarryChiang<\/a>\u00a0pic.twitter.com\/TSXIm2832F<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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This graph says you’re screwed if you go zero for 1. O for 1 kills your credit score.<\/div>\n
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<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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8\/15\/16, 9:26 AM<\/span><\/a><\/div>\n
“10% of a m-a-t-u-r-e, seasoned credit report is HARD INQUIRIES.”
\n#fico748pt8<\/a>\u00a0pic.twitter.com\/f88uTOCyhY<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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\nStarting = very hard.
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<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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8\/15\/16, 9:37 AM<\/span><\/a><\/div>\n
This about the very first 1-5 attempts to startup. Your FICO is zero and going down due to HARD credit inquiry(s)\u00a0pic.twitter.com\/yLd6KQqCS5<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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8\/15\/16, 9:34 AM<\/span><\/a><\/div>\n
FICO. The start of an 17 1\/2yo – 19 year olds credit score [sticker and\u00a0#Fico800<\/a>\u00a0theorem credit\u00a0@LarryChiang<\/a>]\u00a0pic.twitter.com\/C7H9FQF2sZ<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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8\/15\/16, 9:41 AM<\/a><\/div>\n
Baby ducks get shredded. U probably should cold email me. #cs183coldEmail<\/a>. Bust your email cherry emailing “strange” pic.twitter.com\/amHN6UnnzZ<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
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https:\/\/www.youtube.com\/watch?v=eudADPfTWiE&sns=em<\/a><\/span><\/div>\n
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https:\/\/www.youtube.com\/watch?v=WVKHwYJzVVc&sns=em<\/a><\/span><\/div>\n

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By Larry Chiang Huge mistake and misconception = FICO percentages and what portion is what. Why?!? Because at first, the 10% in new credit is all you have Stanford engineering majors. You start at 10% new credit because you have zero credit. So, the 10% is your 100% Larry Chiang (@LarryChiang) 8\/14\/16, 3:19 PM At […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,7],"tags":[],"class_list":["post-8394","post","type-post","status-publish","format-standard","hentry","category-deep-underground-credit-knowledge-via-subroutines","category-stanford-engineering"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/8394","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=8394"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/8394\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=8394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=8394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=8394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}