Doug Maloney discussed how ideas are good but innovation requires taking an idea and executing on it over time. He provided examples of innovations like the Fosbury Flop high jump technique that required persistence to be accepted. Maloney also explained how converging technologies like smartphones, mobile apps, and cloud computing enabled new innovations. Successful innovations are willing to be misunderstood initially and require nurturing ideas through testing and input until the right conditions emerge for an innovation to flourish.