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  1. Yock declares that the key is to identify needs correctly. He suggests that one finds an area of strong consensus among thought leaders--and then do something different.

  2. According to Musk, some causes of the high costs in space exploration are: The energy to launch a rocket into space is very high, all the calculations have to be right and this is very expensive given the low launch rate. His final analysis is that rockets should be a lot cheaper and presently there are a lot of inefficiencies.

  3. Tilenius talks about how eBay has the technology for wireless integration but the demand for wireless notices is not high enough. In Germany they have a wireless provider who sends users messages if they have been outbid, she says. Besides Korea and Germany, other countries do not have high penetration for wireless trading, she adds.

  4. Judy Estrin, co-founder of several technology companies, introduces her talk about her perspective of the IT market and lessons learned as an entrepreneur.

  5. Jeff Raikes, group vice president of Productivity and Business Services (PBS) at Microsoft Corporation, explains his own background and how being open to opportunities helped him become the only undergraduate from the Engineering Economic Systems department at Stanford.  Plans change as opportunities arise, he says. He also recommends entrepreneurs look for a job they love.

  6. Yock discusses the future of minimally invasive robotic surgery. He says it is very exciting and Stanford actually has a lot of expertise in this area.

  7. Beaver talks about how it is necessary for every company to adapt at every step as it grows, depending on the competitive landscape or technological advances, to make the most of opportunities along the way.

  8. Though some types of convergence devices become extremely popular, says Wirt, others never catch on. In certain cases, it is clear why the convergence device has never caught on (like a washer-dryer combo), and in others it is not so clear (like why people never use the built-in calculators on their cell phones), he adds.

  9. William Sahlman, professor at Harvard Business School, maintains that entrepreneurs must manage the relationship between risk and reward, illustrating his point with the example of John Osher, creator of the very successful spin toothbrush. Specifically, Sahlman argues that entrepreneurship is fundamentally about decreasing risks and increasing the chances of success - an issue that is fundamentally related to the people in the venture.

  10. According to Komisar, what distinguishes the Silicon Valley is not its successes, but the way in which it deals with failures.  The Valley is about experimentation, innovation, and taking new risks. Only a small business that can deal with failure and still make money can exist in this environment.  It is a model based on many, many failures and a few extraordinary successes.

  11. Ringold partnered Alex Zaffaroni, a pioneer in the biotechnology and pharmaceutical industry, to help start biotech companies. The upshot was, they started Maxygen, run by CEO Russell Howard. This is a derivative company, using a technology invented for one purpose being applied to a whole host of other problems, says Ringold.

  12. How big is the problem? And how large is the opportunity to solve it? Mir Imran, parallel entrepreneur and CEO of InCube Labs, says that 90 percent of business concept development is simply understanding what's wrong with the status quo. One needn't start out as an expert, says Imran, but the savvy entrepreneur needs to know how to perform deeply probing research.