www.brightidea.com/20080602-Brightidea-News-BusinessWee -
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Published on: 6/2/2008
Last Visited: 9/6/2009
David Hsieh, director of marketing at Cisco's emerging technologies group, and Guido Jouret, the group's chief technology officer, pulled the whole thing together in just 30 days on a shoestring budget.
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Hsieh and Jouret wanted to ensure participants retained ownership of their ideas if they weren't chosen as the winner.
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Many people with good ideas have no idea how to write a business plan or get a business off the ground, Hsieh says.
"In Silicon Valley we have this great built-up infrastructure of venture capital," he says.
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Hsieh won't let on who's in final contention for the prize, though he says, "Karr did a good job of putting together a team with domain knowledge; they understand their business and they have an interesting concept.