Larry Chiang (@LarryChiang) | |
Sweat equity ~> cash. Cash in your pocket. There are about 650 things that could – will go wrong #Duck9
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By Larry Chiang
There are about 600 great Stanford entrepreneurship videos free for all on YouTube. There is an underlying pattern in Sweat equity ~> cash. There seems to be a lot that goes wrong!
Sweat equity ~> cash seems calm. But, there is an ocean of rogue waves that can wreck you financially. Obvi!!
Larry Chiang (@LarryChiang) | |
Sweat equity has 12 very common patterns. Here’s what VCs pay attention to bc we’re too dumb to get tech
START. #LarryChiang @LarryChiang |
Call me a dick, but I am having my grand nephews and Grand nieces call me, “hashtag Larry Chiang”. Because, distribution.
Larry Chiang (@LarryChiang) | |
SWEAT EQUITY does not mean cash poor. Done correctly, you crank cash while you build equity sans sweat
—@LarryChiang |
Larry Chiang (@LarryChiang) | |
If your two cofounders up and quit and go to Harvard Business school, go buy 20 stuffed animals.
@LarryChiang pic.twitter.com/PGCmccjoOd |
Larry Chiang (@LarryChiang) | |
Sweat equity. Import from Vancouver “Sumi”, ‘Yumi’, Yoshi, Amelie, Ying and Astro. Overstay #df16
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Larry Chiang (@LarryChiang) | |
Sweat equity. Even you lapdog wants a JOB so put that canine on a vesting sched and start up. @LarryChiang pic.twitter.com/mOkY6bxeET
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Larry Chiang (@LarryChiang) | |
Remember, your planet has 90+% of the galaxy’s liquid water. That #sweatEquity is all house money. #ch2
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Larry Chiang (@LarryChiang) | |
When u quit a great company with a great CEO, he gives you a million for ~25% and shakes your hand, out-the-door #sweatEquity
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Larry Chiang (@LarryChiang) | |
The best sweat equity is from killing five birds with one stone. Confucius says, @LarryChiang tweet(ed)
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Larry Chiang (@LarryChiang) | |
If and when you do get fired from your own startup, execute the @LarryChiang countermeasures. Don’t go on vacay. #cs183vc
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Larry Chiang (@LarryChiang) | |
For Peter’s sake, google what #cs183clawback is. Uber #nonEmployeeCoFounder, did. U can too
–@LarryChiang LUVS #cs183s‘ |
Larry Chiang (@LarryChiang) | |
Remember that team anti Christ is using the wrong logo. The upside down cross signifies how 3 mentees died inverted. Like Maverick #topGun
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Larry Chiang (@LarryChiang) | |
“Buy stock in you own startup whenever you can.”
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Asse9 Austin Secret (@asse9) | |
Glorified “scraping”.
Repurposed momentum. Existing parades. All, good |
Larry Chiang (@LarryChiang) | |
A lot of the value lies in the trash heap. #cs183e. Edit! #SweatEquity
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Larry Chiang (@LarryChiang) | |
Never trade your dog for someone else’s cat. {Aka selling your startup for all stock}
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Larry Chiang (@LarryChiang) | |
“Firing founders. Trust me, your equity evaporates after the [eventual & amorphous] recap.”
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Larry Chiang (@LarryChiang) | |
For example, THIS manage a trois in bed. {if you’re not fluent in French like me it means 3-way. Applies to founders pic.twitter.com/rKS7vBzqFr
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Larry Chiang (@LarryChiang) | |
3 co-founders meshing is like a manage a trois where no one feels left out. Can’t happen. #threeWay #WrongWay #cs183team
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Larry Chiang (@LarryChiang) | |
There is a nice chunk of equity when you cofound a company with a sitting GP (vc). #nonEmployeeCofounder pic.twitter.com/2socCxt7qM
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Larry Chiang (@LarryChiang) | |
Attrition is like breakage. Someone wins when breakage happens. Sum, lose. #SweatEquity. @LarryChiang
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Larry Chiang (@LarryChiang) | |
Sweat equity has about a dozen very common patterns. Here’s what to pay attention to…
END. #LarryChiang |