idea/prototype <--- entrepreneur's gap ---> the market
- Intellectual Property (IP) theft: People think that their ideas will be stolen/subverted (and sometimes they are!), but it's important to treat competitors with respect. Trust, but verify.
- Quickly resolving problems in the design of your idea depends on understanding your environment and resources.
- A sustainable idea adds economic value and/or enhances the quality of life. Think of a sustainable world as a space of innovation, as opposed to a place where you cannot do certain things.
- Definition of "team": people with complementary skills, with a common goal and approach
With Stanford EWeek 2009 about to end, that means it's been over a year since we (my close friends, classmates, and I) started a project called CAIR. CAIR didn't make it past the entrepreneur's gap, but it was my first theoretical exercise in entrepreneurship.