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In The Media

Street Smart Founder, Silicon Valley Parachute, Post Getting Fired By VC

by Larry Chiang on July 16, 2014

By Larry Chiang

Treat this as a sequel to WHAT COLOR IS YOUR PARACHUTE.

“Larry Chiang Play #9″ = The Silicon Valley parachute you’re going to need because you were just fired from your VC funded startup.

– Team up w an engineer founder who has been fired before
– jettison with money, contacts and – PRESERVE CAREER MOMENTUM
– did the board fire you properly
– did you retain counsel
– did you get counsel that checks your counsel.
– do you have a new board
– do you have a plan to take 2-9 employees with you
– do you have a plan to take half the revenue even if no one leaves with you

You better send “Larry Chiang Play #9” to uiuc boyfriend cuz he’s getting canned…,
– losing all their sweat equity
– getting baited into taking an accelerated vesting (plot spoiler, it’s useless cuz they’re just gonna recap)
– if the severance package is sub 100k, don’t take it.

Do not sign the non-compete. GET A LAWYER OUTSIDE OF SILICON VALLEY. There is a “Just In Time Checklist for a Fired Founder”

ENGR145’s two videos teach street-smart entrepreneurship inside a class. E145 uses business subroutines only engineers have experience doing Is a bit ly I memorized that links to is a bit ly I memorized that links to
CEO of Duck9 Stanford University’s Founding EIR (Entrepreneur in Residence) Duck9 = Deep Underground Credit Knowledge 9 c/o UCMS Inc 2021 Midwest Road / 3rd FL Oak Brook IL 630-705-5555 650-283-8008 (cell) **************** Founder of “What They Don’t Teach at Business School” for CNN iReport: Read my last 10 tweets at Author, NY Times Bestseller “What They Will NEVER Teach You at Stanford Business School about EUTWMPPM @SXSW” comes out 11-11-14 52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering

Emergency swings and cutting deals as an 9 year old


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