I thought this was an interesting use of 10 minutes. It's a video featuring Guy Kawasaki called The Art of the Startlet. Kawasaki started his new venture Truemors for about $12,000. Some of his most interesting points include:
Don't spend money on Marketing. That's easy for him to say given his celebrity.
Spend money on the lawyers to setup the company (he spent $5000).
He 'offshored' development to North Dakota for $4500. Apparently anything outside of the valley
He spent $1000 on domains.
The best quote: "more people can try more $25,000-things than they can $2 million things."