What They Dont Teach You At Business School

Tolerate the self promotion because there are at least a half dozen nuggets of knowledge and at least three hearty belly laughs in "8 Party Complainers To Skip at Entrepreneurs' Party".

By Larry Chiang 

San Francisco, California-- March 31st --

I host a party to do one thing. Migrate up the best talent and character compass the guestlist. Entrepreneurship is like popcorn - it should pop, its engineered to pop..., but some just refuses to pop. I wanna a big fluffy batch of popcorn and that means separating out the bad seeds before they go in the popper.

My means of doing this is vis a via a soiree. Think of this as the new venture capital model for figuring out what deals to chip in on. The old model was to meet an intro and take it to coffee. The new model is meet them and put them under duress at a party.

Yes, entrepreneurship is like a party. This article is #4 of 5 in a series with the focus, "How Entrepreneurship is Like a Party".

In this article, I reveal "8 Party Complainers To Skip at Entrepreneurs Party"

-1- COMPLAINT: This Party is So Random.

There's not the same structure to entrepreneurship as there is in the corporate world. I don't host corporate parties.

CONCLUSION: Entrepreneurship is dynamic.

-2-   COMPLAINT: Why didn't you publish a location and do an evite.

Spoon feeding an invite (or G-vite if you like beta products that break)  just does not seem cool for a secret society of entrepreneurs. Entrepreneurship is storming a beachhead that isn't mapped out perfectly.

CONCLUSION: Entrepreneurship is messy.

-3- COMPLAINT: Is it open bar here?!

"Why isn't it?! You have all these sponsors. Where is the open bar."

There is one. Its just that you're not invited.

CONCLUSION: Entrepreneurship is layered and secretive.

-4- I won a sponsorship. What do I get?

It is a $3k sponsorship. It was free. Don't expect the same services as provided to a platinum sponsor.

CONCLUSION: Entrepreneurship is messy and requires calling a bunch of people. It involves "closing a deal via voicemail". I read about it at GigaOm. It is a post I refer to and retweet at least once per month.

Entrepreneurship is about closing deals and SELLING.

-5- COMPLAINT: You invited me here and now you're not spending any time with me.

CONCLUSION: Entrepreneurship is lonely and scary.

-6- COMPLAINT: I got there and no one was there.

CONCLUSION: Entrepreneurship doesn't always start on time.

-7-  COMPLAINT: why couldn't you start this party earlier (than 11pm).

CONCLUSION: Entrepreneurship requires stamina.

-8-  COMPLAINT: Your List Was Full.

Entrepreneurship is about being #2 on a bunch of lists. There is no VIP line. There are existing companies with existing vendors. You need to bump someone to start-up your company.

CONCLUSION: Entrepreneurship is about Second Supplier Gambit.

-9-  COMPLAINT: Why didn't you publish a location and do an evite.

CONCLUSION: Entrepreneurship is storming a beachhead that isn't mapped out perfectly.

CONCLUSIONS:

Entrepreneurship is confusing

Entrepreneurship is reciprocal

Entrepreneurship is planning ahead

Entrepreneurship is about working your plan B

Entrepreneurship is dynamic.

"Plans change after you get hit in the face," Mike Tyson, my entrepreneur mentor. He is effen genius.

Larry Chiang is at Launch Party 2.0. Email or text him if you want him to walk you in. It is $20, but FREE if you copy and paste this into Twitter: "I'm going to Launch Party 2.0 at Web 2.0 Expo. RSVP at http://tinyurl.com/party20 #w2e #launch20 #asse9"

RSVP here.

his post was cranked out in about an hour so email me if you see a spelling or grammatical error(s)... larry@larrychiang com

If you liked this, you may also check: Cut and Paste Other People's Work Learning to Love the Waitlist A Dozen B-School Students You Don't Wanna Meet 9 Things They Don't Teach You at Stanford Business School 9 More Things They Don't Teach (GigaOm.com) How to Work a Cocktail Party How to Work a Room (GigaOm.com) Plagiarized from Susan Roane Raise Your FICO While You're An MBA Student Increase Your FICO After You Lose Your Job Working a Twitter Party, Take 2 Larry's book releases 09-09-09 and is on the waitlist to get onto the NY Times bestseller list.

Larry Chiang founded a company in his dorm room. He still lives in a dorm room. Duck9 is his latest tool he helped create. It manipulates and tricks college students into establishing and maintaining a FICO score over 750. Cost = free.

He was/is head-to-head with Fair Issac and is/was in legal jeopardy right now because he broke the credit algorithm. He loves a good fight. Larry is challenging members of Congress and the FTC to uphold the Fair Credit Reporting Act (FCRA) as it is written. He is committed to bringing light to FCRA.

In 2000, he man-charmed his way into testifying before Congress. In Beijing's World Bank Summit, he testified about credit and its precursor; debit data with China Credit Bureau Mistakes, China Debit Reporting Analysis and China Credit Model Derivations.

He is a frequent contributor to BusinessWeek's blog on "What They Don't Teach You at Business School". For fun, Larry writes, attends tech conferences and hoops it up at Stanford's Arrillaga Center for Sports and Recreation. Text or call him during office hours 11:11am or 11:11pm PST +/-21 minutes at 650-283-8008.