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30 Second MBA

TRANSCRIPT

"One of the things that when you're trying to court a venture capitalist for is -- most people go right for the money, okay? VC's are potentially able to make you a million on paper. That's why they're called venture capitalists. They used to be called adventure capitalists. Adventure, because it's such an adventure. I argue that when you're talking to a VC, that you should just not try to ask them for money, but ask them for ideas. Because the best way to get money out of a VC is to initially ask them for advice." -- Larry Chiang

Question

How do you get a VC you don't know to mentor you?

Larry Chiang champions consumer privacy and credit rights by putting ideals into practice. He is Founder and CEO of Duck9.com, a site that facilitates peer-to-peer banking.

Larry Chiang is also a internationally recognized speaker and author. His book "Internet Marketing Secrets - Priva-Marketing and More" is a category leader on Amazon. He is a credit industry and Internet privacy expert and has testified in Congress on behalf of the Internet advertising industry.

Chiang is a repeat entrepreneur. His most prominent start-up was United College Marketing Services (UCMS), #1 in credit card sales to students, which is a multi-million dollar force in the credit industry. He started it in his dorm room at University of Illinois in 1989 while studying engineering because he saw a need to credit educate young adults. When he left the company in 1996, it had educated 16 million students.

Topic

Asking Questions

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