Rupert Murdoch Quotes

The trick is, a market has to be nonexistent when you start. If the market is large early on, you will have too many competitors. You have to make it large.

Google worries - and rightly so - about how hard it is for a big company to come up with the next hot thing.

Even when early innovations start to succeed, it is not uncommon to see growing businesses sabotaged for threatening the status quo.

I'm not happy exporting jobs but we must move ahead in technology and patents. I don't like losing any jobs but we'll see new opportunities created selling products there. We'll have a net increase in economic activity, just as we did with free trade. It's tempting to want to protect our markets and stay closed. But at some point it all comes crashing down and you're hopelessly left behind. Then you are Russia.

In America, innovation does not just improve our lives. It is the way we make our living.

The best industrial policy is competition.

Most companies in a capitalistic system compete mightily to obtain monopolistic positions so they can avoid capitalistic competition thereafter. Whenever a business person must compete for price, he tends to describe that derisively as a “commodity business” and tries to remedy the situation.

Our view is that just because Amazon can disrupt somebody else's profit stream, it doesn't mean that Amazon earns that profit stream.

The emergence of Uber X was really the most important pivot maybe in the history of Silicon Valley. It's a vast majority of Uber's revenues, and so that flexibility and the rapid growth and the fighting the battles, it's all Travis. You can't take any credit away from him.

You want an idea that turns into a monopoly. But you can't get a monopoly, in a big market right away; too much competition for that.

If you look now, more than ever new entrants, new upstarts, are able to grow so much faster than they could before.

Out there in some garage is an entrepreneur who's forging a bullet with your company's name on it. You've got one option now - to shoot first. You've got to out innovate the innovators.

I believe innovation is the most powerful force for change in the world. People who are pessimistic about the future tend to extrapolate from the present in a straight line. But innovation fundamentally shifts the trajectory of development.

America demands invention and innovation to succeed.

If Google teaches you anything, it's that small ideas can be big.

I've tended to work at fast-growing companies that improve the way business gets done.

To escape the curse of commoditization, a company has to be a game-changer, and that requires employees who are proactive, inventive and zealous.

Well, we are expanding in all of our segments of the market.

No CEO ever says, 'Damnit, we need to increase research!' I want to encourage them to do that.

In a globalized world, one application can spread like wildfire and there's only one winning company, which means you have to invest more than you've ever had.

I think it's a problem that we don't have more companies like Facebook. It shouldn't be the only company that's doing this well.

Except in very narrow cases, where there's breakthrough science that needs patent production, worrying about competitors is a waste of time. If you can't out iterate someone who is trying to copy you, you're toast anyway.

If you look historically, what creates growth and wealth is innovation and investment, and increase in scale - more customers.

If you only do things where you know the answer in advance, your company goes away.

Something new will always be the source of growth in Silicon Valley.