There is much that public policy can do to support American entrepreneurs. Health insurance reform will make it easier for entrepreneurs to take a chance on a new business without putting their family's health at risk. Tort reform will make it easier to take prudent risks on new products in a number of sectors.

A Start Up is an institution designed to thrive in the soil of extreme uncertainty

Here in Silicon Valley, I have taken part in hundreds of conversations trying to convince people to dive in and become entrepreneurs. All too often, innovators with good, safe, jobs are unwilling to put their family's access to health care at risk by walking away from company-backed medical insurance.

Don’t be in a rush to get big. Be in a rush to have a great product.

I believe for the first time in history, entrepreneurship is now a viable career.

What if we found ourselves building something that nobody wanted? In that case what did it matter if we did it on time and on budget?

As you consider building your own minimum viable product, let this simple rule suffice: remove any feature, process, or effort that does not contribute directly to the learning you seek.