"Every innovation acts as a trigger of change, the plough is the first major man-made trigger in history, ultimately responsible for almost every innovation that followed. And the plough came as a result of change in the weather." — James Burke, Connections
I love this quote from James Burke. From an entrepreneur and investor perspective, it makes you realize that continuous changes in the marketplace, any marketplace, bring new opportunities for more innovation. Basically, innovation begets innovation.
So it is important to always scan the marketplace you are playing in — but it's even more important to scan non-related marketplaces and their innovations. This can trigger a thought for a new idea or innovation in your own sector.
Now back to finishing my Starbucks cup of espresso. Join the conversation by commenting below.
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An entrepreneur and investor, with more than 25 years experience, he's worked with ventures in the technology, internet, media and publishing, entertainment, energy, and manufacturing sectors raising more than $300 million in capital for various companies and investing more than $50 million into startup and emerging ventures. He's sat on the boards of 11 companies, served as editor-in-chief of Futuredex, a private equity magazine. Follow Damir on Google+