1. Lessons Learned presentation by team teamwork:
Yanting Li, Christina Liu, Ruth Lawanson

2. Importance of Product
MySpace failed while Facebook succeeded because Facebook simply had a better product
Facebook was created by engineers and programmers right from the beginning, focused on the business side
MySpace grew too fast without maintaining quality of the site (ie. inappropriate photos)
Lesson learned:
partner with an engineering or computer science major student when considering a start up

3. Technology is Ever-Changing, Evolving
Insane growth numbers for Apple products like the iPad, products that maybe 6 years earlier had never existed
also with sites like Twitter, Pinterest
Myspace should have further utilized Youtube and continued innovating
Mobile technology is on the rise, that's where the next biggest technology market is
plenty of opportunities available for entrepreneurs, now more than ever
Lesson Learned:
Keep learning and innovating

4. It's Okay to be Inexperienced
When he was starting out, Rosenblatt didn't know much either
Law degree instead of business degree
When he became CEO at 25, he learned on the job
Too much experience can hinder innovation
Lesson Learned:
Sometimes inexperience can be good, especially in an ever-changing world where sometimes ideas that seem not reasonable or not doable can turn out to be successful