Entrepreneur

Radicals & Visionaries: Invention vs. Innovation

Is it better to improve on existing ideas or to start from scratch?
Source: Photography by Philippe Servent

Are successful entrepreneurial concepts the product of nature or of nurture? Do they spring unformed from the minds of inventors, or are they carefully cultivated adaptations of preexisting notions?

It's not surprising that David Edwards, founder of experimental design lab Le Laboratoire, is a proponent of inventiveness: following through on crazy ideas that may or may not become profit generators. In his view, the potential to advance the human race is what should come first in any venture--and if one can do that, then a big payoff is likely not far behind.

Meanwhile, Krisztina "Z" Holly, creator of the first TEDx conference and an entrepreneur: building and iterating on existing ideas so they can have as great an impact as possible--and are more likely to attract investors from the get-go.

You're reading a preview, sign up to read more.

More from Entrepreneur

Entrepreneur10 min read
Why Painting With a Twist's Founders Replaced Themselves as CEO
After 10 years, the founders knew the business was ready for the next stage of growth. But they weren't sure they were the right people to lead the charge.
Entrepreneur2 min readTech
How to Find the Right Payment System
In a mobile economy, being able to simply process credit cards is no longer enough. Here's what to look for as you search for a payment-system provider.
Entrepreneur3 min readTech
How Much Should You Spend on Social Media Marketing?
It's a valuable tool, but don't forget about these other (sometimes free!) ways to reach your clients.