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Chapter 4: Results 70 _______________________________________________________________________________________________________________________________________________ Authoring Old status quo to be changed New arrangement supporting change-creating intent event 01-Incentive prizes to solve global challenges “Before the Ansari XPRIZE, few investors seriously considered the market for commercial space flight; it was assumed to be the sole province of governments” (p. 246); market failures hindered investment; entrenched incumbents limited progress. Similar obstacles impede other global challenges. Progress in space was moving too slowly (p. 97). Government space agencies were unlikely to return to the Moon or push onward to Mars (p. 96). Founded the X PRIZE Foundation in in 1995, and launched the first X Prize competition in 1996: a US$10M prize for the first non-government organization to launch a reusable manned spacecraft into space twice within two weeks. The prize, later renamed the Ansari X Prize after a major donor, was won in 2004 using the experimental spaceplane SpaceShipOne. Other XPRIZE space competitions include the Northrop Grumman Lunar Lander XCHALLENGE (2006; awarded in 2009), and the Google Lunar XPRIZE (2007; ongoing). Incentive prizes spur innovation beyond value of the prize: "For the exponential entrepreneur, the incentive prize is a mechanism for solving a personal challenge or a global injustice or bringing a new technology into existence" (p. 244). Donors can motivate “radical breakthroughs for the benefit of humanity.” “If were going to boldly go, it was going to have to be without the help of government. Thus I devoted the next thirty years to starting private ventures that I thought would open the space frontier" (p. 96): • International Space University (1987) • Zero Gravity Corporation (1994) • X PRIZE Foundation (1995) • Space Adventures Limited (1988) • Blast Off Corporation (2000-2001) • Planetary Resources (2012) Regarding asteroid mining: “To open up space ... we needed to exploit the same economic engine that had opened every previous frontier: the search for resources” (p. 97). “To pull off such a massive moonshot, we’re going to need help, a lot of help. And thus our first challenge— convincing anyone our dream was doable” (p. 98). Co-founded Singularity University in 2008 to teach exponential thinking and how to solve big problems. Codified knowledge through two books, Abundance (2012) and Bold (2015), and a TED talk (2012): “Today, the ability to solve such problems has been thoroughly democratized. Right now, and for the first time ever, a passionate and committed individual has access to the technology, minds, and capital required to take on any challenge” (p. xii). Exponential entrepreneurs can “make their boldest dreams come true” (p. xiii) by getting help from “today’s hyper-connected crowd” (p. xiii) in four ways: (1) crowdsourcing, (2) crowdfunding, (3) building communities, and (4) incentive competitions. Table 23: Diamandis: authoring events 02-Launch and grow space companies 03-Enable others to solve big problems “Thousands of years ago, it was only kings, pharaohs, and emperors who had the ability to solve large- scale problems. Hundreds of years ago, this power expanded to the industrialists who built our transportation systems and financial institutions” (p. xii). Table 24 summarizes the three making declarations events for Diamandis. _______________________________________________________________________________________________________________________________________________ Copyright © 2018 Ewan ReidPDF Image | Carbon Removal
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