Six young Stanford grads and entrepreneurs -- Steven Garrity, Clara Shih, Kimber Lockhart, Jeff Seibert, Josh Reeves, and Tristan Harris -- share their experiences starting companies and raising capital. While being in their 20s may seem to be an obstacle to outsiders, they said they "flipped" this liability into an asset -- focusing instead on their raw ability to bring innovative ideas to life. They advise all young entrepreneurs to be persistent, opportunistic, and scrappy. 

Acuray founder John Adler laughs and says his free-spirited son, Trip Adler, couldn't have done anything aside from becoming an entrepreneur. "Entrepreneurs have no rules," he points out. One piece of advice he does give his son: Never give up the title of CEO. It's one of the hardest things to learn, he confesses. Trip Adler, CEO of Scribd, concurs. He explains that in many cases, it is the founder who is able to provide the vision to effectively direct product development. 

Being a workaholic is no guarantee of success. David Heinemeier Hansson points out that 37signals' main product, Basecamp, was created on 10 hours a week of development for a total of six months. When you're overworked, you can't think creatively. A great idea comes from a well-rested mind. 

John Melo, CEO of Amyris Biotechnologies, enjoyed building oscilloscopes, circuits and transistors - and yet he was a college dropout. In this clip, Melo comments on his non-linear career path and how his passion, personal interest, and sense of independence have propelled him from one episodic position to another. He states that he first looked for opportunities to do the things he loved to do, and then focused on the places he wanted to be.