http://www.discover.com/issues/oct-05/departments/emerging-technology/
"Speed" in true physics definition is always relative to a frame of reference. When you talk of "speed of innovation" in high tech startups, the frame of reference is the technology that the startup is working on.
If you look at the startups in Web 2.0 technologies, the speed of innovation is much higher than compared to companies in the other high tech areas like network systems. This could lead to application of other concepts like "Relative velocity" from Physics world to hi-tech world. This could be an interesting framework for evaluating startups.

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