Claims

The distinction between invention and innovation matters for how we allocate credit and rewards: inventors often complain they don't receive adequate reward for their original idea, but the real work and value creation happens in the innovator's perspiration, not the inventor's inspiration.

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.

It is easy to be a critic but actually hard to be an entrepreneur; creating anything successfully that will meet the test of time is very difficult compared to finding fault with what others are doing.