A Quote by Brock Pierce

VCs invest in innovation and disruption, but how often do they innovate themselves? — © Brock Pierce
VCs invest in innovation and disruption, but how often do they innovate themselves?
The biggest challenge is that when people look at low price point products, they essentially invest less money in development, innovation, and new technology. And in order to innovate at a lower price point, and make sustainability attainable to the masses, you have to invest more. But that's counterintuitive for a lot of businesses.
Prosperity in human society is misunderstood. The difference between a rich and poor society is the number of problems that society solves for its citizens. That means technological innovation is the source of all prosperity, but with every tech innovation, you also get disruption - ultimately, social and civic disruption.
Great VCs are more than mere investors; they are often seasoned leaders who have built companies themselves.
There is this group of people who love innovation. Those people want to innovate, and they think the Internet is a wonderful tool for innovation, which is true. But you also have to remember that much of that innovation is constrained within the realities of the foreign policy.
We should all seek to innovate, or be curious about innovation. Innovation truly is one of our greatest gifts.
Democracy is disruptive. Around the world, peaceful protesters are being demonised for this, but there is no right in a democratic civil society to be free of disruption. Protesters ideally should read Gandhi and King and dedicate themselves to disciplined, long-term, non-violent disruption of business as usual - especially disruption of traffic.
In an era of endless innovation and constant disruption, what is any company really worth? How does a startup determine its valuation?
Where you innovate, how you innovate, and what you innovate are design problems.
The last 10 to 20 years you’d think that it has been all about VCs making money, because that’s all we hear about. But really it is all about VCs failing and failing to return capital and being f**king idiots. VCs are stupid. They are absolutely stupid. Does anyone want to challenge that statement? Does anyone think that VCs are not stupid?
It's very hard to establish an economy of trustworthiness. The key is continuing to innovate and to keep your customers through innovation, because the customers can leave. But once you are a dominant player that continues to innovate and provide a good deal, customers will stay with you.
When businesses go through hard times, through down markets, what do they do is they challenge every basic assumption of how they operate. They innovate. They create disruption for a while that leads them to even greater heights when the economy turns around.
We invest in early childhood education. We invest additional job training dollars. We make sure that we've got a strong research and development strategy so that we continue to innovate. Rebuilding our infrastructure, which we know will attract businesses.
A moment of disruption is where the conversation about disruption often begins, even though determining that moment is entirely hindsight.
As a government leader, I'm not going to sit on the sidelines and watch all these other sectors innovate. I'm going to do everything I can as a leader to be in that innovation, to be a provocateur for that innovation.
Boeing has won in the marketplace for 100 years because of innovation, and we need to continue to invest in innovation for the future. And our cash generation strength is what allows us to do that.
If you look across the economy, if you have multiple players in an industry, you have more customization, more innovation, greater choice for consumers. The more you have consolidation, the less likely you are to invest in innovation. It becomes all about driving down cost and mass production. And that's not good for innovation in an industry.
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