notes taken in Stanford ATI Entrepreneurial Conference

Opening Speech by John Bravman, Vice Provost, Stanford University

Stanford is "a wellspring of innovation": HP, Cisco, Sun, Yahoo!, MIPS, Atheros, DOLBY, Google, CHIRON.

How difficulty is to prodict the future: the prediction of the no. of computer the world needs.

Entrepreneur will play a key role in answering questions of future: nine times out of ten, they fail; but the ten percent of success will change the world.

ACM report on Globalization and Offshoring of software: the world will continue to shrink.

Welcome Speech by director of Pudong Zhangjiang High Tech Park

Pudong Zhangjiang is to be a centre of Microelectronics, Biopharmaceutics, Software design in China.

Alternative Energy Panel

What is alternative energy: the bottle neck in solar cells is cost; how much energy do you actually consume in manufactoring the device? The efficiency of energy use, energy storage, and energy supply.

What are the drivers for alternative energy and clean technology? Profit, short of conventional energy, environment, people's health, global warming.

Is ther hope in coal? Coal is the no. 1 source of energy in China. clean coal tech, energy efficiency.

Technology aside, what else is holding up clean technology? Policy setting, energy price (current mature industry in US and Europe is based on low-cost oil, with the price of oil soaring, much more opportunities in alternative energy will come up in the booming industry in China.) , entrepreneur, profit.

What's next? Lithium battery, coal, nuclear, solar, geothermo, hydros.

The current solar power company in China: 天威保电, 无锡尚德(Suntech), 航天机电, 江苏阳光. Company (upriver industry chain: polycrystaline silicon, downriver industry chain: product).

Keynote Speech by Jim Boettcher, General Partner, Focus Ventures

China: A once-in-a-lifetime opportunity here and now.

Private Equity Participation; pre-IPO.

Valuing Revenue-stage companies is different from valuing venture companies.

Value=P*S*E, P=size of the problem, S=solution, E=entrepreneur team;

Value=P*S*E*CPF; CPF=China Paradigm Factor, which include a strong government leadership, high GDP growth, reconstruction of capital market, risk-taking culture, genius people, innovation environment, cooperation with the west(investment flowing rapidly into China).

Web2.0 panel

ucool.com: personnel database, city8.com: city virtual tour,

Webcompany need to find a revenue module-->identify clients. Successful module includes ebay.com, qq;

Google is technology-based, easy to globalize. Yahoo! is culture-based, difficult to globalize.

web2.0: interactive, user-generated content.

IP panel

manufactory driven country-->innovation driven country.

Enforcement of the legal power in IP protection.

Business model ocean.

In China, 149 law firms that could provide patent protection. they are of different quality, and price.

One-product company VS. Platform technology (a series of patent--patent strategy)

In the beginning of the start-up, a law firm is needed to work hand-in-hand with entrepreneurs, not only in providing legal support, but also human network support.

Laywer selection: interview 3-4 law firms, find a particular laywer in the firm, also building network.