Tuesday, February 24, 2009

Make It Happen

Stanford Entrepreneurship Week has been going on. Notes from a workshop I attended on bringing products to life:


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.
From a country's standpoint:
copying ideas (weak IP enforcement) --------> generating ideas (time to change IP rules)
  • 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.

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