Eric Schmidt says that startups succeed because of a relentless work ethic, something he believes Google lost by prioritizing work-life balance over winning. Founders, though difficult to work with, are essential for pushing teams beyond their limits, much like Elon Musk, who works tirelessly to achieve results. Schmidt contrasts this with companies like TSMC in Taiwan, where even PhDs work in factories, highlighting a strong work ethic that’s often missing in the U.S. His key point: in business

Elon Musk explains that people can learn to be innovative, often it simply starts with genuinely trying. He says many wonder if they’re capable of innovation without ever attempting to think of new ideas. Musk believes reading widely across different fields helps spark creativity by combining concepts that normally never meet, just like how SpaceX and Tesla borrow techniques from each other. He adds that innovation also requires room for attempts that don’t work out. If someone never experiences