This week I have been taking a 5 day entrepreneurship seminar at MIT. We’ve had a great group of speakers including famous VCs, entrepreneurs, analysts, etc. In no specific order, here are some of the key takeaways from the week:

• Starting a company: its all about the people: If you start a venture, it’s critical to get “A” team members. A B idea, backed by an A team, could lead to success. An A idea, backed by a B team, will fail
• Angel investors are getting organized. Examples are the Angel Association
• Ideas are very, very cheap. No idea alone will ever get you funded
• Angel investors will be closer advisors than VCs
• Learn how to influence the influencers (Forrester’s of the world), and try not to piss them off
• Don’t start a company if your motivation is making money. You should truly be passionate about the domain area you are working in

I will continue to update this post till the end of the week.