Entrepreneurship Education for Wharton MBAs That Don’t Want to be Founders

Larry Chiang crashed Stanford University by buying his way on to campus for the low low price of a Stanford Basketball season ticket. He helped one athlete get an internship using his “Get a Legendary Internship the Entrepreneurial Way“. He now teaches at Stanford Engineering on “technology entrepreneurship” that features ‘Gua Gua Guacamole’ recipes. He edits the Yahoo channel “What They Don’t Teach You at Business School”. He executed street smarts at MIT and did a Harvard Law keynote. Harvard Business then wrote: “What They Don’t Teach You at Stanford Business School“ (it’s the same title as his NY Times bestseller). He is Entrepreneur in Residence at Stanford University and is pivoting SLAC (whatever that means). If you read his hilariously awesome “What a Supermodel Can Teach a Stanford MBA” and “How to Get Man-Charm”, you will love this post 10x more than you loved the scandalous Duck9 rebate stunt:

Entrepreneur Education for MBAs Who Don’t Really Want to Be Founders.

By Larry Chiang

Entrepreneurship as a career is rocky.

Entrepreneurial skills are unquestionable extremely valuable.

Let’s explore “Entrepreneur Education for MBAs Who Don’t Really Want to Be Founders”

Currently, entrepreneurship is overly influenced by VC. VCs need a whale like Zynga, facebook or Duck9. This thwarts your entrepreneurship education and short circuits your learning. Your MBA entrepreneurship education should be octagonally faceted.

#1 of 8) Be entrepreneurial in your internship search

I had a theory that led to my teaching at Stanford. Teaching in the engineering school, not the business school. My theory is that once you enter Stanford you should plan for “Three Legendary Internships In a Row“. You’re at Wharton so you have one shot. If you’re in the I’m-working-while-Im-MBA-ing, Executive MBA, this is how you ‘moonlight’ while you’re working full time and in school.

#2 of 8) HiLarryAss Entrepreneurship Skills

Have you seen pop up stores in NYC?!

It’s a temp store that sells something fashionable or does a trunk show. Key to it is that its temporary.

Execute a ‘pop up lemonade stand business’

#3 of 8) Host something

It is very entrepreneurial to host something. Starting up a party is 95% similar to starting up a company. Do I want you to be at risk financially or emotionally?!

No risk

Execute a MVP. Google “minimum viable party’

#4 of 8) Engineer out all the risk

Have you seen the MIT movie about engineers in Las Vegas called ‘Bringing Down the House’?!

That’s what I teach.

Engineer out the risk.

People think I took massive risks starting a company, hosting events at the Oscars, starting a venture fund. I did not take any risk. I made the market take the risk. I made the system take the risk.

#5 of 8) Dabble in entrepreneurship

Start a joke business.

I call these businesses lemonade stand businesses. They’re a complete joke. People will laugh at you and with you.

For example…

If you don’t currently have the creativity of starting a Larry Chiang Lemonade Stand Business from scratch, Use these…

#6 of 8) Leverage an existing Larry Chiang franchise

By franchise I don’t mean a Subway sandwich shop where you pay $300k for an 80 hour a week 80k j.o.b.

I mean a Larry Chiang franchise.

My franchise are all 100% affiliate revenue share (ie u keep all of it), no rights reserved, no copyright protection. My NY Times best seller isn’t copyright protected either.

What are my franchises??!

#7 of 8) Leverage an existing parade

Starting a parade is risky.

Pattern recognizing an existing parade takes a whack out of risk. Pattern replicate and pattern iterate these Larry Chiang franchises. I pattern recognized franchise risk minimization and pattern replicated them into my Engineering 145 class for students to pattern iterate.

My franchises are I’m my tumbler Tumblr feed. And Facebook fan page’s wall. $0.oo subscription fee required. Light google-ing skills a moist

Err a must. Light googling skills are a MUST

#8 of 8) Reclaim your youth

Come on Geek Spring Break with me to SXSW in 2013.

This post was cranked out in about an hour so email me if you see a spelling or grammatical error(s)… chiang9 @duck9 com. IF you see something wrong, text me at http://twitter.com/6502838008.

Larry Chiang is the founder of Deep Underground Credit Knowledge 9 (Duck9). He hacked Fair Isaac’s FICO credit algorithm and battles lies told by the credit industry such as Fair Isaac’s claim that the average FICO is 720. The real average is 535.

Text or call him during office hours 11:11am or 11:11pm PST +/-11 minutes at 650-283-8008. If you email him, be sure to include your cell number in the subject line.