Julius Genachowski Quotes

We can support innovators and entrepreneurs.

No idea for a new growth business ever comes fully shaped. When it emerges, it's half-baked, and it then goes through a process of becoming fully shaped.

One of the things that I've always loved to do is brainstorm ideas with friends and get together and talk about what they're building... Essentially, my day-to-day is just going around and meeting entrepreneurs and talking to them about what they plan on launching.

Fact is, inventing an innovative business model is often mostly a matter of serendipity.

All throughout my life I have been deeply immersed in startups, either because I was running one or investing in them or helping them.

If every effect of any new products or methods were required to be known before they could be produced and marketed, they would not be true innovations - and thus not represent new knowledge of what people would like, if offered.

No one should expect building a new high-growth, software-powered company in an established industry to be easy. It's brutally difficult.

I am sure innovation will blossom around the world, given that the Internet and mobile platforms enable innovators anywhere in the world to reach a global market with ease.

I have no problem getting financing. I have a problem catching ideas that I fall in love with for the next feature.

The world needs a better understanding of how to encourage innovation. And innovators need to get better at it. Sign me up.

After building most of Mint.com's prototype by myself, I talked to anyone and everyone I knew about Mint. It's counter-intuitive, because you might fear someone will steal your idea, but it's the only way to make connections, be sure you're on the right track, and provide a solution for an audience broader than yourself.

There are so many startups out there raising money. I don't think this is a bad thing. It's a good thing. Entrepreneurship is in vogue. Innovators are innovating. Makers are making.

Whenever I talk to people who founded a company, I often like to ask the prehistory questions 'When did you meet? How long have you been working before you started the company?' A bad answer is, 'We met at a networking event a week ago, and we started a company because we both want to be entrepreneurs.'

The biggest problem is startups in search of a problem. Chase what you're passionate about; you'll probably already have knowledge in the space.

It turns out that no undergrad class prepares you to start a startup - you learn most of it as you do it.

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

Elon Musk is an incredibly prolific entrepreneur, having come up with, or been at the founding team of Tesla, SpaceX, SolarCity, PayPal, all different industries that seem to have nothing to do with each other.

Small businesses are more nimble and innovative than large corporations, and as a result are much more likely to develop the breakthrough ideas we need for global competitiveness.

Innovation in an existing company is not just the sum of great technology, key acquisitions, or smart people. Corporate innovation needs a culture that matches and supports it.

On Day One, a start-up is a faith-based initiative built on guesses.

As an entrepreneur, my problem was that I had too many ideas.

I'm not one for conventional wisdom. I founded my label in 1998, but after the 9/11 terrorist attacks, my Japanese backers pulled out, and I couldn't afford to produce the line myself. I needed fresh ideas from someone who understood technology, since that was the direction the business was going.

We're creating this new breed of techies who are going to be the ones starting the tech companies of the future.

I've always been an idea person, so I've always been great at having ideas, just not having the resources to make them happen.

There are some keys to success in the fad business. One is never give up. You need total motivation and the right kind of creativity. You also have to back the right activity. It is a disaster if you back the wrong idea with your energy. You not only lose money, but you take a big social risk.