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“A visionary roadmap for people who believe they can change the world—and invaluable advice about bringing together the partners and technologies to help them do it.” —President Bill Clinton A radical, how-to guide for using exponential technologies, moonshot thinking, and crowd-powered tools, Bold unfolds in three parts. Part One focuses on the exponential technologies that are disrupting today’s Fortune 500 companies and enabling upstart entrepreneurs to go from “I’ve got an idea” to “I run a billion-dollar company” far faster than ever before. The authors provide exceptional insight into the power of 3D printing, artificial intelligence, robotics, networks and sensors, and synthetic biology. Part Two draws on insights from billionaires such as Larry Page, Elon Musk, Richard Branson, and Jeff Bezos and reveals their entrepreneurial secrets. Finally, Bold closes with a look at the best practices that allow anyone to leverage today’s hyper-connected crowd like never before. Here, the authors teach how to design and use incentive competitions, launch million-dollar crowdfunding campaigns to tap into tens of billions of dollars of capital, and finally how to build communities—armies of exponentially enabled individuals willing and able to help today’s entrepreneurs make their boldest dreams come true.
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Part 0: Introduction
Part 1: What exactly are exponential technologies?
Part 2: What is the bold mindset?
Part 3: How to join the bold crowd
Table of Contents
The world’s biggest problems are today’s biggest business opportunities. The key to success is to become an “exponential entrepreneur” – that is, an entrepreneur who harnesses the growing power of exponential technologies to best effect.
The world is now on an exponential growth curve. Technologies which double in power on a regular basis are showing up in dozens of arenas: networks, sensors, robotics, digital medicine and nanotechnology to name only a few. These technologies pave the way for an increasingly abundant future for the world but it’s up to us to make the most of them. That’s where exponential entrepreneurs have the chance to shine.
The power to tackle big challenges and make a difference has been democratized. Instead of being the exclusive realm of royalty, governments or m ult inat ionals, t oday anyone wit h an Internet connection or even a smartphone is in the game. If you have the passion, you can bring real change into the world – and benefit tremendously.
“While we truly believe that creating a world of abundance is possible, it is by no means guaranteed. Our deepest hope is that you will get inspired to get off the couch and change the world. When Steve Jobs said that the goal of every entrepreneur should be to ‘put a dent in the universe’ – he wasn’t talking about inventing the next Angry Birds.” — Peter Diamandis and Steven Kotler
“Ultimately, the best way to become a billionaire is to solve a billion-person problem.” — Peter Diamandis and Steven Kotler
Exponential technologies are those which don’t just grow in a linear fashion but keep on doubling over and over. Humans aren’t very good at understanding exponentials because their growth is so small in the early stages that it looks like nothing is happening. However, thanks to computers, sensors and communication technology, we now live and work in an exponential world where amazing opportunities are poised to explode in the next three to five years.
Humans are pretty good at understanding linear growth:
W e’re much less adept, however , at understanding just how dramatic exponential growth can be:
To give an example, if you take 30 linear steps from your starting point, you end up about 30 meters or 90 feet away. By contrast, if you were to take 30 exponential steps from the same starting point, you would end up about one billion meters away – roughly the same distance as orbiting the Earth 26 times. The latter stages of any exponential sequence generate awe- inspiring growth.
The most widely known example of exponential growth is Moore’s Law, coined by Intel founder Gordon Moore in 1965. He stated the number of transistors on an integrated circuit double every twelve to twenty-four months. Moore’s Law has held for the last sixty years and is the underlying reason why a smartphone today is about a thousand times faster and a million times cheaper than a 1970s era supercomputer. This is a good example of exponential growth in action.
To avoid the easy-to-do pitfall of underestimating exponential growth, keep in mind a framework called “The Six Ds of Exponentials.” It goes something like this:
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