I'm sorry, but Fabricly isn't "radical innovation". Radical innovation in the sense we understand it right now, as espoused by Peter Thiel and company, means taking the focus <i>off</i> of social shopping and the rest of all the <i>crap that doesn't matter</i> and getting excited about things like synthetic biology and going to Mars.<p>The subtleties of the comparison between Vente-Privee and Fabricly simple don't matter. Casual gaming may print cash, but no matter how rich you become, you still can't buy your way out of cancer. That's what "radical innovation" means.<p>Radical innovation is not about making things more efficient, or simpler, or easier, in broad terms. It's about investing in transformative technologies.
I think this is optimistic at best. There are certain industries, healthcare for example, where barriers to entry are so high that Innovative approaches are almost always VERY slow to be adopted. Whereas other markets, like consumer electronics change almost constantly. My point is you can't just apply this to all industries equally. Generalizations are at best only speaking to the median.