The document discusses several theories of innovation, including that new technologies are created by combining existing technologies in new ways (combinatory process), that innovation happens through exchange of ideas in liquid networks like coffee houses, and that the prepared and collaborative environment of these networks allows for serendipitous discoveries and "slow hunches" to develop into major innovations over time. Major innovations often have origins many years before becoming widely adopted due to the time it takes to build new platforms and for them to diffuse through populations according to theories like the adjacent possible and the 10/10 rule.