These are not anarchistic things when you look at successful open-source projects—there is real structure, real checks and balances, and real leadership taking place.

I didn't want it to be an introductory to technology, but wanted it to be more advanced projects.

They still have to have vision, the ability to undertake an ambitious project, to leverage resources, to manage financing. We thought it would be very useful for the students to look at a situation that was very different from the normal one.

They're really applying the principles of entrepreneurial management even if they're not making a profit.

The basic pattern is the more money that comes in, the lower the returns.

The probability of VCs investing in a start-up is far less likely than it was in 1999. And that's bad news for entrepreneurs.