College Class Builds Apps — and Fortunes

College Class Builds Apps — and Fortunes

by -

Facebook apps run on iPhones and smart phonesStanford students took seriously their homework assignment in 2007: Devise an app. Get people to use it. Repeat.

The students ended up getting millions of users for free apps that they designed to run on Facebook. And, as advertising rolled in, some of those students started making far more money than their professors.

Almost overnight, the “Facebook Class” fired up the careers and fortunes of more than two dozen students and helped to pioneer a new model of entrepreneurship that has upturned the tech establishment: the lean start-up.

(READ the New York Times story at Yahoo)