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Zelkova Ventures, Dan Jeffries, and Triple-Entry Accounting Help Keep Us From Getting David Duncan’d

by Larry Chiang on July 6, 2017

By Larry Chiang

I am sexy. I’m very very sexy. So, I can venture into Cryptocurrency and Accounting. It’s computer science meets the history’s sexiest subject. Combing both together does not double the difficulty, it 10x’s the complexity. 

Ok, let’s nibble…

Larry Chiang (@LarryChiang)
This Important Invention Straddles Cryptocurrency and Accounting #tripleEntry…

When you’re straddling, you are having to conform and optimize both the crypto and the accounting. It’s tough to straddle. Straddling requires you to excel at a duality 

Credit underwriting and risk mitigation are related. Triple entry accounting is a risk mitigation method. Duck9 straddles the consumer side of credit scoring while simultaneously helping credit card banks do underwriting. 

Finance and Accounting for Non Financial Execs (#cs183FANFE) is where the double entry is glossed over. 

Larry Chiang (@LarryChiang)
“The Most Important Invention in the Last 500 Years” by @Dan_Jeffries1 #cs183bc…


Larry Chiang (@LarryChiang)
Accounting is like a compression algorithm for money where credits debits gets complicated.…

Problem. A lot of times, the books are cooked. 

Larry Chiang (@LarryChiang)
I will suspend my disbelief that a Chinese uncle did not invent “single-entry” accounting…


Larry Chiang (@LarryChiang)
Maybe a Chinese uncle invented double entry?…

Larry Chiang (@LarryChiang)

Larry Chiang (@LarryChiang)


Zelkova Ventures (@ZelkovaVC)
Do your accounting & finance yourself, don’t rely on your accountant via @JasonDemant #LaunchScale

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