The structure of competition in industries often prevents innovators from making money, despite creating significant value for society.

Innovation requires experimentation, which inherently involves failure; without a tolerance for failure, you would never innovate.

In competitive industries, if you have good technology but the market forces aren't favorable, you're likely to fail.

The willingness to fail is crucial for success; if you're not taking risks, you're likely to follow conventional paths and miss out on true innovation.

The narrative around innovators often overlooks the years of hard work they put in, focusing instead on moments of sudden inspiration, but true innovation typically requires sustained effort and a willingness to defer gratification.

Creating a culture that accepts failure and encourages risk-taking is crucial for fostering innovation in a startup environment.

To break out of stagnation, we need to see successful innovations in various sectors that can inspire others and shift the current cycle from negative to positive.

In the innovation economy, many founders mistakenly believe they need to apply innovation to every problem they encounter, but there's a limited amount of innovation energy available to any company.

People often overlook the benefits of innovation by focusing solely on existing problems, which can hinder progress and optimism.