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Matt Ridley draws a crucial distinction between invention and innovation. While invention is the creation of a prototype, innovation is the arduous process of making it practical, affordable, and desirable. Thomas Edison captured this essence perfectly, describing it as "1% inspiration and 99% perspiration." Silicon Valley veteran Naval Ravikant initially believed in the myth of the lone genius inventor but came to realize that innovation is an evolutionary process involving countless tinkerers. As Ridley points out, most innovations are incremental, appearing disruptive only in hindsight. This perspective shift reveals that innovation isn't about sudden breakthroughs, but rather the persistent, often unseen efforts of many minds working to refine and improve ideas over time.


Supporting Materials

Other Notes

The two components for innovation to catch

Intel's Tick-Tock Strategy

Innovation only appears to happen at once