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Chapter 4: Results 85 _______________________________________________________________________________________________________________________________________________ Event Diamandis-A- 01-Incentive prizes to solve global challenges [Strongly evident: organize to facilitate coordination of innovation] Diamandis-A- 02-Launch and grow space companies [Strongly evident: mobilize help from others] Diamandis-A- 03-Enable others to solve big problems [Strongly evident: enable others to solve big problems and get help from the crowd] Musk-A-01- Join the network [Evident: actions to join the network] Old status quo to be changed “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). New arrangement supporting change-creating intent 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. 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 we’re 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 hyperconnected crowd” (p. xiii) in four ways: (1) crowdsourcing, (2) crowdfunding, (3) building communities, and (4) incentive competitions. Musk’s 2001 move from Silicon Valley to Los Angeles gave him access to the space industry (p. 97). Musk joined social networks: donated to the Mars Society and Mars research (p. 100); joined the Mars Society board of directors; announced founding the Life to Mars Foundation (p. 102); discussed investing $20M to $30M in a Mars project (p. 103); built connections with ambitious engineers (p. 111). Table 34: Authoring events coded to the business ecosystem form “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). Prior to 2001, Musk was an outsider to the space industry. _______________________________________________________________________________________________________________________________________________ Copyright © 2018 Ewan ReidPDF Image | Carbon Removal
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