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There must be an opportunity that matches with our strategy. Just because we have a gap, we don't want to go and acquire anything and everything. What we acquire should fit in with our strategy, human resources and market expectations.

I think many start-ups make mistakes because they are focusing on things that are farther ahead, and they haven't done the work that has built the foundation to support it.

The grim reality is that most start-ups fail. Most new products are not successful. Yet the story of perseverance, creative genius, and hard work persists.

It is remarkable how many misconceptions there are here about life in the developing world and I think that that knowledge gap has done a lot to contribute to the imbalance quite frankly.

The key is to embrace disruption and change early. Don't react to it decades later. You can't fight innovation.

A lot of these industries are having difficulty finding reliable workers with the skills they require.

Developing new products is labour- intensive. So is producing the capital goods needed to make them. These jobs disappear when innovation stalls.

Regulation needs to catch up with innovation.

It is true I had been successful on a small scale in overcoming one of the main difficulties in the new process, but there was still much to invent, and much that at that period I necessarily knew nothing about.

The so-called skills gap is really a gap in education, and that affects all of us.