Guy Kawasaki moderated a panel at the Churchill Club in Silicon Valley: No Plan, No Capital, No Model … No Problem. The program is well worth watching not only for start-up entrepreneurs, but also for seasoned corporate executives. One key point is the need for speed and flexibility in start-ups, which is how start-ups clean the clocks of major companies. One key takeaway showing their understanding of the Trial and Error Economy: "Iteration is the key to success."
Incidentally, Kawasaki is a great example of a panel moderator; he knew good questions to ask, gently nudged them back on track when they got into too much detail, and kept the audience chuckling.