About this iReport
- Posted October 24, 2012 by
- larrychiang Follow
Location
Stanford, California
Stanford, California
More from larrychiang
More iReports you should see
Contrary to B-school Teachings, Accidental Entrepreneurship is Good
Mentorship is cool.
I love mentorship. And sometimes because my IQ is a li’l lower than most, I have to really leverage mentorship by listening and watching alpha males like the way a Shih Tzu watches and studies and stares intently.
Paul Graham (PG) is an incredible mentor to teams and teams of startups. At Startup Academy at Stanford University, he said:
cropped-head-shot_normal.jpgLarry Chiang ✰ (@LarryChiang)
10/21/12 10:21 AM
RT @mehulkar: “I really wish there more people with companies that started them than the other way around” -PG
#startupschool
What I think he is saying is that it is bad to be an “accidental entrepreneur”. If he is saying this then I (as a pattern recognizer) say: “Do what PG does, not what he is quoted out of context saying”
What I think Paul Graham did is accidentally become a tier one GP. A GP is a general partner of a VC. A VC is a person who is on the value extraction side of the table, across from an entrepreneur, providing founders with capital.
I’m pattern recognizing that Mr Paul didn’t set out to co-found a VC firm. That became a top tier VC firm. Paul Graham is an accidental VC.
My opinion* is that you SHOULD be an accidental entrepreneur. As an engineering undergrad from University of Illinois Urbana-Champaign, why take a risk when you can make $140k?!?!
Risk Mitigate.
Risk Minimize.
Risk Eliminate.
*based on 60,000 hours of entrepreneur expertise (that I read in over 500 books on Startups)
I’m saying do a LC ‘Mini Company Concept’ that resembles a lemonade stand / dorm room based business. Startups are dangerous. Doing an LCMCC http://www.duck9.com/blog/credit-secrets/the-larry-chiang-mini-company-concept-lcmcc/
is not.
I love mentorship. And sometimes because my IQ is a li’l lower than most, I have to really leverage mentorship by listening and watching alpha males like the way a Shih Tzu watches and studies and stares intently.
Paul Graham (PG) is an incredible mentor to teams and teams of startups. At Startup Academy at Stanford University, he said:
cropped-head-shot_normal.jpgLarry Chiang ✰ (@LarryChiang)
10/21/12 10:21 AM
RT @mehulkar: “I really wish there more people with companies that started them than the other way around” -PG
#startupschool
What I think he is saying is that it is bad to be an “accidental entrepreneur”. If he is saying this then I (as a pattern recognizer) say: “Do what PG does, not what he is quoted out of context saying”
What I think Paul Graham did is accidentally become a tier one GP. A GP is a general partner of a VC. A VC is a person who is on the value extraction side of the table, across from an entrepreneur, providing founders with capital.
I’m pattern recognizing that Mr Paul didn’t set out to co-found a VC firm. That became a top tier VC firm. Paul Graham is an accidental VC.
My opinion* is that you SHOULD be an accidental entrepreneur. As an engineering undergrad from University of Illinois Urbana-Champaign, why take a risk when you can make $140k?!?!
Risk Mitigate.
Risk Minimize.
Risk Eliminate.
*based on 60,000 hours of entrepreneur expertise (that I read in over 500 books on Startups)
I’m saying do a LC ‘Mini Company Concept’ that resembles a lemonade stand / dorm room based business. Startups are dangerous. Doing an LCMCC http://www.duck9.com/blog/credit-secrets/the-larry-chiang-mini-company-concept-lcmcc/
is not.
- TAGS:
- b-school,
- accidental,
- entrepreneurship
What do you think of this story?
Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
Be and editor! Choose an option below:
iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.
© 2013 Cable News Network. 
Comments