This week’s guest on the "What is Innovation?" podcast is Frederick Cary, CEO of IdeaPros. Fred talks about the importance of making yourself obsolete and prioritizing evolutionary over revolutionary innovation. Here, he offers his thoughts on why being first to market may not be the best thing for entrepreneurial innovators. Do you agree? What do you think about the importance of being first to market?
More about our guest:
Frederick Cary, a powerhouse entrepreneur and CEO of IdeaPros, a company that guides qualified entrepreneurs through the complexities and pitfalls of the startup world. With his entrepreneurial spirit, Fred started many businesses in different industries, created many successes, and acquired thousands of lessons along the way. His desire to give back to a community of like-minded eccentrics led him to create IdeaPros, the world’s first super venture partner – a company that could roll up its experienced sleeves and provide every entrepreneur with the opportunity to see their vision become a real company with a real product. He also produces a weekly show for entrepreneurs that has been viewed by over 4 million people. As a Top 1% Business Professional, Who’s Who in America, and top-ranked attorney for several years, Fred's personal brand can best be described as: “F *CK Average, Be Legendary.”
Know more about him here:
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Episode Guide:
00:54 - What is Innovation?
2:42 - Defining "personalized innovation"
6:50 - Teaching innovation
7:33 - Innovation: Changing perspectives through experiences
10:15 - Making yourself obsolete and market competition
15:15 - Road to Success: Being first in the market vs addressing the market
19:07 - Innovation, Investors, Founders, and Changing the world
22:07 - From revolutionary to evolutionary + breaking down company pitches
23:44 - Influencing pitches and investing
25:42 - Company comparisons: Being the X to the Y
29:32 - Advice to innovators
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