Eric Schmidt Executive Chairman, Google
Innovation depends on where you are in the cycle. If it's a raw start-up, what we're really looking for is, how big is the market? How big is the problem? And do they have any chance at all of making a dent into this? And, hopefully, you have a big space, a big problem, and you have something that, if it works, can grow very dramatically.
If it's an existing company or a larger company, what you're looking for is, how do we move the ball forward? How do we continue the current conversation? How do we strengthen our market? How do we make our market share higher? How do we make our product stronger? Both are important, but they're somewhat different. The entrepreneurs that you find in start-ups are wild and crazy in comparison to what you find in corporations, but innovation occurs in both.
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