Top 10 Takeaways from Startup School 08

Can a b-school entrepreneurship course be crammed into  1-day of Paul Graham's well-known Y-combinator Startup School 08?   YES!!   and here's how...

In a very Web 2.0 cash and time-efficient way, Startup School 08
* collectively shared the wisdom of tech greats such as Jeff Bezos, David Hansson, Marc Andreesen, Paul Buchheit, Sam Altman, Greg McAdoo, Jack Sheridan, Paul Norvig
* virally distributed for free, the live experience for 700+ attendees in Stanford's Kresge Auditorium and the video experience online.

Here's my Top Ten Takeaways from Startup School 08--(items 8-10 were questions raised by many speakers but not answered.) 
1. It's OK to ask for money from happy users (DH)
2. Reach the Fortune 5 Million (DH)
3. Are you a Purple Cow vs. How High is Up? (MA v. GM)
4. Stop Using the internet (for 5 minutes so I can load my presentation) (PG)
5. Paul + Jeff = Good ideas/services + instant web scaleability at variable cost = Animoto success
6. Tomaguchi effect aka benevolence as business strategy (PG)
7 Gave me confidence not competence (comment of young East Coast entrepreneur attending)
8. Exponential thinking  (network effects, collective user value, combinatorial mashups)
9.  What's new with Web 2.0-- cashflow, economics, financials
10. Timing--when is free more valuable?

Answering items 8,9,10 was why I wrote the book Web 2.0:  A Strategy Guide, just published by O' Reilly and available in hardcover as well as on Safari.  Or use the promotional code "websf08opw" to get a free Web 2.0 Expo badge to attend the Moscone Center plenary events, some talks, book-signing, participate in the Web 2.0 Open unconference and Launchpad.