{"id":8563,"date":"2016-09-19T12:00:51","date_gmt":"2016-09-19T16:00:51","guid":{"rendered":"https:\/\/www.duck9.com\/?p=8563"},"modified":"2016-09-19T12:08:51","modified_gmt":"2016-09-19T16:08:51","slug":"credit-prepares-you-for-vc","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/credit-prepares-you-for-vc\/","title":{"rendered":"Credit Prepares You for VC"},"content":{"rendered":"
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By Larry Chiang<\/div>\n
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VCs want to buy stock low and sell it high. <\/div>\n
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When venture capitalists invest, they’re the “first institutional money in”. We want to see how capital efficient you were and reward bootstrapping by buying your stock. <\/div>\n
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Make zero mistake, when a VC invests at a set valuation…, they think the company is worth wayyyyyyyyy more. <\/div>\n
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What super majority of pre-funded, pre-money founders do not realize is this fact:<\/p>\n\n\n\n\n
<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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9\/19\/16, 7:44 AM<\/font><\/a><\/div>\n
Credit. It’s a 12,000,000x multiple to VC money. This Ray Dalio video explains #cs183cs<\/a> bit.ly\/rdalio710<\/a> pic.twitter.com\/F7q8UqbWoq<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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Trying and begging VCs to buy shares in your company won’t work<\/span><\/div>\n


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Stock gets bought, not sold. <\/span><\/div>\n

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Playing coy and teasing VCs to buy stock won’t work. Stock gets bought, not sold<\/b><\/span><\/p>\n

<\/span><\/p>\n\n\n\n\n
<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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9\/19\/16, 8:48 AM<\/a><\/div>\n
My @Quora<\/a> answer to *If larry chiang is a venture capitalist, why does he work with credit scores?* quora.com\/If-larry-chian\u2026<\/span><\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Are you sold on trying to get a $15,000,000 credit line without VCs permission!?!<\/b><\/span><\/div>\n


<\/span><\/p>\n\n\n\n\n
<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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8\/13\/15, 10:01 AM<\/font><\/a><\/div>\n
“What is the truest form of credit Pre-approval!?”
— @LarryChiang<\/a> #DuckCreditInquiry<\/a> (avoid credit inquiry) #Duck9<\/a> pic.twitter.com\/3RziFJt99Y<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/p>\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

<\/span><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Larry Chiang VCs want to buy stock low and sell it high.  When venture capitalists invest, they’re the “first institutional money in”. We want to see how capital efficient you were and reward bootstrapping by buying your stock.  Make zero mistake, when a VC invests at a set valuation…, they think the company is […]<\/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-8563","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\/8563","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=8563"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/8563\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=8563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=8563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=8563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}