The biggest barrier to starting a company isn't ideas, funding or experience. It's excuses.

Get a lawyer to look at your contract or beware. Because no company - evil or not - is going to do it for you.

One of the nice things about being a private company is operating without the intensity of public glare. It's hard to grow a company under a microscope of constant second guessing.

It's happening: Lou Dobbs' dream come true and Silicon Valley's worst nightmare. We're already seeing the reverse brain drain as smart immigrants take their U.S. educations and experience building companies and creating technology back to their home countries.

You know what works in venture capital? A group of incredibly smart, connected people who have the financial wherewithal and risk appetite to make multi-million dollar bets on unproven ideas and inexperienced founders. People who can make decisions quickly, and who spend their time trying to help entrepreneurs make the most of that cash.

This doesn't need a vacuum but it does need a moisture barrier and that can be expensive. The biggest barrier to large scale production is simply cost. It costs very little to make a light bulb today.