Update: thank you for having shared. This post was cranked out in an hour so feel free to text me if you’re confused.
By Larry Chiang
The majority of human sheep do not ever arbitrage. To them, it is extra work with vague returns. To them, the “cognitive misers”, they’re too lazy to read in depth. These lazy sheep, at best, will sell in a liquidation situation.* Lazy sheep will, at-best, sell services by gaining employment where the arbitrage algorithm value proposition is hazy at best** {No offense to Shawn the Sheep whom I am currently shepherding into a huge DVD release party}
This post is about popping three cherry’s. This post sets as an intention starting up “You Inc.” via 3 distinct ‘procedures’. It is best if you’re an undergrad in CS because protocols, googling protocols and copy-pasting protocols will seem second nature to you.
*Yes, people sell for cents on-the-dollar all the time. Selling a portfolio of parking tickets and bridge tolls (charged off) originally worth $100,000 for 3,000’s not arbitrage. That’s death.
** At nearly any company, you can fire half the people in management and the revenue will not change.
CHERRY NUMBER ONE:
Arbitrage one small thing where first you sell the customer. Then you buy the thing the customer bought.
Let me repeat that.
First you sell it.
Then you buy it.
This is the most counterintuitive procedure. This is a very counterintuitive thesis. First you sell it. Then you make it. First you sell it. Then you go code the product up. Sheep that attempt arbitrage buy inventory. And then it sits. Never to get sold. Let me repeat. 1st you sell it. Then you buy and augment existing product to fulfill that purchase order. [See YC (y-combinator) advice {https://bit.ly/pbuchheit710}]
Pay. Attn. To. How. The. Money. Transfers.
What they don’t teach you at YC about sales is what my mentor taught me
– Internal Escrow
– OneWayLetterOfIntent (both googleable “signature business protocols”
#InternalEscrow
#OneWayLetterOfIntent
Those JarGashTag’s correlate with “Internal Escrow” and ‘OneWayLetterOfIntent’
***Mark McCormack, YLS, signature business recipes. {YLS of course is Yale law school}
What they don’t teach you at Y Combinator about sales is what my mentor taught me. My mentor is Mark McCormack.
CHERRY NUMBER TWO
#InternalEscrow
CHERRY NUMBER THREE
#OneWayLetterOfIntent
Let us revisit CHERRY NUMBER ONE (btw, congrats on re reading this and again getting to this exact bookmarked point. )
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Larry Chiang (@LarryChiang) |
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Arbitrage by adding value. Arbitrage on the right side of the chasm pic.twitter.com/dsT9Ryqegg
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Arbitrage one thing.
For example, Braun Power Cords.
For example, Santa costumes before Santa Con
For example, Uber app downloads #puInternship1u (all the above arbitrage have protocols that correlate to a specific hashtag you google
For example, FICO arbitrage
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Larry Chiang (@LarryChiang) |
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FICO arbitrage is taking a person at ~720, then executing one or two duck9, FCRA based protocols to get to #Fico748pt8
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Larry Chiang (@LarryChiang) |
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Answer on @Quora by @arrington to What credit score is needed for an AmEx Starwood credit card? qr.ae/R7bL2z
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Larry Chiang (@LarryChiang) |
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Good VCs arbitrage seed round stock & sell it at later rounds like an IPO. They 1st wanna see how capital efficient u R w/$0 VC #Fico748pt8
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Larry Chiang (@LarryChiang) |
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Stock arbitrage is buying low and selling high
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Larry Chiang (@LarryChiang) |
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Mimic real estate arbitrage and improve whatever you bought a li’l bit. Un poco improvement #HomeDeLaJoy #HomeJoy #Fico748pt8
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