Nice story, but... Investments needed are enormous these days. To startup something vital (physical results, something you can hold in your hand and not just bubbles of air) is almost an impossible thing to do. Legal issues almost always kill startups instantly as soon as some success comes out. I am very very negative about the effects of patents, and even worse, software patents. Legal issues are simply too complicated and thus horrible.
On the other hand, looking at students at our university I see low entrepreneurship: Almost no one wants to startup something. But I am sure there are possibilities to pickup good ideas and to start off a good company with it (as we did ourselves with only a couple of guys)
With tears in my eyes I saw SemiSouth fab equipment for sale. They had some incredible interesting products... What went wrong? Patent issues? I have no clue. But one thing is for sure: If we know more about this we might learn from it.
I cannot take the credit.
At the same event Ron Reddy, a founder of the now public Peregrine Semiconductor -- and a very witty speaker -- said something along the lines of "It is the entrepreneurs' job to keep a startup alive until they get some luck."
All 9 bullet points are a must to a startup. I particularly like 7th and 8th. Team works are crucial. More brains will definitely help pave a better future. Change is inevitable. I don't believe any entrepreneurs can avoid it since the market keeps changing. If there are more eyes to see and more ears to hear, a good leader might very well define the better paved road for the whole team. To Clarke, I love the 10th. Which startup can be successful w/o? ;)
Probably some are trying to follow a similar set of guidelines but none in the technology sector have achieved as much success as ARM.
The 10th bullet point would probably be "Have some luck"