4 types of innovation:

1. Basic research - making fundamental scientific discoveries.
(Deep Learning, Blockchain)

2. Breakthrough innovation - applying fundamental discoveries and thinking from first principles to engineer new products. (Tesla, SpaceX)

3. Disruptive innovation - finding new applications and business models.
(Uber, YCombinator)

4. Sustaining innovation - gradually improving what already exists, making it better/cheaper. Solving clear problems using preexisting skillsets.

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@startuplab #4 is probably the most important to all of humanity to be iterated as often as possible. But it's not flashy like the others and is often thankless or rewarded with derision. :C

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