Business boot camp inspires Stanford Students


Three Stanford students came up with an idea for a start-up. It called 'One Card' and is a way for people to securely consolidate their credit, debit and store reward cards.

"You have such a big wallet, so imagine if you can carry all of that on your phone. That's what we want to do," Stanford MBA student Nipun Dave said.

That's just one example of the business visions gathered in this room. The conference is put on by the Business Association of Stanford Entrepreneurial Students and Business Today. It attracts bright minds from across the country. The workshops are like a giant brainstorming session for success.

"What all of us are here doing is taking our ideas, our visions and trying to disrupt something out there which isn't working properly," workshop Tony Lai said.

This year Stanford's e-boot camp includes presentations by some of Silicon Valley's biggest success stories such as Google and Twitter.

On this day, TiVo's co founder Jim Barton shared his experience at building a billion dollar company. Barton encourages students to follow their passion and learn from their mistakes.

"The catch phrase in the valley these days is to fail fast because then you can go on and try the next thing and the next thing," he said.

The students are not only learning from the keynote speakers and each other, they are walking away more motivated than ever.

"You hear venture capital firms like Sequoia Capital tell you 'you can do it' and the youngest person they funded is 19. And that's really inspiring to know that we have a chance in the world and there's someone willing to support us or VC's out there that are willing to support our ideas," workshop participant Amanda Lim said.

You might say this e-boot camp is a four-day incubator for innovation. If One Card doesn't take off, another idea will.

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