Lerner assumes that innovation is simply a function of money invested. It's not. Innovation is created independent of money. Furthermore, by dismissing social

Lerner assumes that innovation is simply a function of money invested. It's not. Innovation is created independent of money. Furthermore, by dismissing social media as a fraternity drinking app, he demonstrates a myopic view of how social media has transformed our society. Afterall, social media quantifiably shaped political debates in the Arab Spring (http://www.washington.edu/news/2011/09/12/new-study-quantifies-use-of-social-media-in-arab-spring/ http://www.washington.edu/news/2011/09/12/new-study-quantifi...).