No innovation coming from large companies

From Super Founders: What Data Reveals About Billion-Dollar Startups (Ali Tamaseb)

I look back forty years and I can’t find one major innovation that came from a large company. Not one. General Motors and Volkswagen couldn’t design an electric car. Boeing and Airbus couldn’t do space as SpaceX could. None of the media companies did media as Twitter and Facebook did. None of the pharma companies did biotechnology as Genentech did.—VINOD KHOSLA, CO-FOUNDER OF SUN MICROSYSTEMS AND KHOSLA VENTURES

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