You Need to Plan Your Business with the Technology of Tomorrow
If you launch with today’s technology by the time you come to market you’re going to be out of business.
Peter H. Diamandis is the Chairman and CEO of the X PRIZE Foundation, which leads the world in designing and launching large incentive prizes to drive radical breakthroughs for the benefit of humanity. Best known for the $10 million Ansari X PRIZE for private spaceflight, the Foundation is now launching prizes in Exploration, Life Sciences, Energy, and Education. Diamandis is also the co-Founder & Executive Chairman of the Singularity University, a Silicon Valley based institution teaching graduates and executives about exponentially growing technologies and their potential to address humanity's grand challenges.
Along with fellow Big Think expert Steven Kotler, Diamandis is co-author of the New York Times best selling hardcover book Abundance—The Future Is Better Than You Think which was #2 on the NYTimes List and #1 on Amazon. Their latest book is titled Bold: How to Go Big, Create Wealth and Impact the World.
Diamandis has founded or co-founded many of the leading entrepreneurial companies in this sector including Zero Gravity Corporation, the Rocket Racing League and Space Adventures. He also counsels the world's top enterprises on how to utilize exponential technologies and incentivized innovation to dramatically accelerate their business objectives. Dr. Diamandis attended MIT where he received degrees in molecular genetics and aerospace engineering, as well as Harvard Medical School where he received his M.D. Diamandis' personal motto is: "The best way to predict the future is to create it yourself!"
We run programs at Singularity University where we bring executives in and they come back once or twice a year to keep track of where the technology is and where it’s going to be in two, four, five, ten years.
Some friends I know were the founders of Siri. When they started the company they knew that the technology they needed to implement their vision didn’t exist at that time, but they actually planned the company such that they would intersect the technology when it became available. And so I speak about that to entrepreneurs at Singularity University today.
If you’re starting a company don’t begin it with the technology available today. Begin it with the technology that you anticipate being available in two years or three years because if you launch with today’s technology by the time you come to market you’re going to be out of business.
In Their Own Words is recorded in Big Think's studio.
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