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Intellectual-property rules are clearly necessary to spur innovation: if every invention could be stolen, or every new drug immediately copied, few people would invest in innovation. But too much protection can strangle competition and can limit what economists call 'incremental innovation' - innovations that build, in some way, on others.

Regulation needs to catch up with innovation.

An innovation is one of those things that society looks at and says, if we make this part of the way we live and work, it will change the way we live and work.

Organizations can get in the way of innovation, because if people are all bound up, and if they don't know if they get to make the decision or somebody else, and if they do, what happens to them, and so on and so forth.

Innovation must lead infrastructure for a simple but compelling reason: Innovation produces new types of products and markets, and it is virtually impossible to know how to run those markets efficiently before they are created.

Innovation comes to you from creators who do have a vision and a passion, and that is how we succeeded.

Innovation happens because there are people out there doing and trying a lot of different things.

Innovation is so hard and so frustrating; it takes the intersections of people with courage, vision, and resources.

It is the essence of innovation to fail most of the time.

Innovation is the whim of an elite before it becomes a need of the public.