Innovation is distinct from invention: invention is creating a prototype of a new device or social practice, while innovation is the business of turning that device into something practical, affordable, and reliable that people want to use, through processes of driving down price, improving reliability and efficiency, and persuading adoption.
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Speaker
Matt RidleyEvidence Quote
“invention is the coming out with a prototype of a new device or a new social practice Innovation is the business of turning a new device into something practical affordable and reliable that people want to use and acquire”
Source
Naval Ravikant On The 4 Books That CHANGED His Life (Financially And Philosophically)— Picking NuggetsCreated: 8/11/2026, 8:08:24 AM
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