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LinkedIn founder Reid Hoffman gave a speech today about how entrepreneurs can "invent the future". Speaking at the South by Southwest Interactive conference in Austin, he recited a list of 10 rules of entrepreneurship.  Wow!  Not your typical MBA stuff for sure.  Put this advice in the commit to memory immediately category using the special survival of the fittest anti Alzheimer wrapper.

Great interview. Interesting statements about Microsoft's future (or lack thereof).    excerpt: Steve Blank is the closest thing Silicon Valley has to a guru. The serial entrepreneur turned writer and professor has a big theory: entrepreneurship is a skill that can be taught. At Stanford and Berkeley, Blank teaches scientists to get out of their labs and find real customers for their ideas -- without getting bogged down in the traditional MBA weeds of spreadsheets and revenue models. There are two major strategies. You either build, or you buy. What do you buy? You can buy IP, you buy teams and people, product lines, companies, P&Ls, bottom line. I think Google has tended to focus on teams and products. If you look at their most innovative counter to disruption, Android, it had nothing to do with the company, they bought it. Not only did they buy the technology, they bought the individual who's the driving force between what might keep them in business. The one thing they haven't figured out how to either build or buy is to counter Facebook. You look at Microsoft going through this -- Microsoft is the living dead. Microsoft is a standing joke now in the technology business. The one game you could see playing out is they buy Skype, they buy Nokia, Steve Elop finally injects some life into the company and replaces Ballmer and Microsoft reinvents itself. Elop is a great politician and a great IT guy, and maybe they could reinvent themselves along that axis. But it wil never happen as long as Steve Ballmer is Bill Gates's best friend. Microsoft is the new Wang. Remember Wang?.....................

 What is the best state to incorporate an LLC?  I have a plan for a website in which the only source of revenue will be from ads, so the revenue stream won't be coming from a particular state. I've heard Nevada, based on their tax laws, is the best state in terms of starting a small business. Although Nevada does not levy personal, business or corporate income taxes, that doesn't automatically make it the right choice. When deciding which state to incorporate in, there are a number of things you should look at. Included among those are: State Laws regarding corporate governance......... .... Corporate costs of doing business .......... ...... Cost of doing business as a foreign company ..... .......... Creditors rights laws ........... ............ True relationship between your company and the state ... .............. Tax issues ...............

Today's high-tech entrepreneurs have at their command more than just the ability to invent new technologies - they have mastered the discipline and the methodology required to harness those technologies in order to serve customers. Such a combination of new technology and new understanding is unlocking new opportunities. In order to maximize such opportunities, this generation of entrepreneurs combines extremely low costs with faster cycle times to produce what I call lean startups.

Good intro to LeanLaunchLab.com.  Great idea for startups! excerpt: Entrepreneur Steve Blank has spent a lot of time thinking (and writing) about how ineffective old-fashioned board meetings are when it comes to building and scaling startups.