Book Reports · Entrepreneurship · Knowledge

Being “Bold”

This blog post is on Peter Diamandis’ and Steven Kotler’s very (perhaps overly) optimistic book “Bold, How to Go Big, Create Wealth, and Impact the World.” As of this writing (June 8, 2015) I’m only 60 pages in, but somehow I’m already due to return my copy to the local library, so this may be multiple parts or updated in the future. In 60 pages, however, a ton jumped out at me, perhaps more densely than any other book I’ve read ever. Here they are:

  1. p. x: “When a woman in Outer Mongolia answers her smartphone, she’s using a device a million times cheaper and a thousand times more powerful than a supercomputer from the 1970s.”
  2. p. xii: “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. But 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.”
  3. p. 7: “Our linear mind literally cannot grok exponential progression.”
  4. p. 8: “I have developed a framework call the Six Ds of Exponentials: digitalization, deception, disruption, demonetization, dematerialization, and democratization.”
  5. p. 11: “Skype demonitized long-distance telephony; Craigslist demonetized classified advertising; Napster demonetized the music industry. This list goes on and on.”
  6. p. 13: “>$900,000 worth of applications in a smart phone today” See this post for details.
  7. p. 15: “‘By 2020,’ comments [Yale professor Richard] Foster, ‘more than three quarters of the S&P 500 will be companies that we have not heard of yet.'”
  8. p. 15: “In October 2010, a couple of young Stanford grads, Kevin Systrom and Mike Krieger, founded an exponential organization called Instagram. Wired magazine described Instagram as a ‘Shiva-the-destroyer application posing as a hipster hobby.'”
  9. p. 19: “Quirky launched in 2009, quickly raised over $79 million in funding, and has already introduced several hundred products to market.”
  10. p. 20: “By mid-2014, just six years into their existence, AirBnB has over 600,000 listings in 34,000 cities and 192 countries and had served over 11 million guests. Most recently the company was valued at $10 billion – making it worth more than Hyatt Hotels Corporation ($8.4 billion) – and all without building a single structure.”
  11. p. 26: “Recognizing when a technology is exiting the trough of disillusionment and beginning to rise up the slope of enlightenment is critical for entrepreneurs.” See the Gartner Hype Cycle (www.gartner.com).
  12. p. 28: “Industries being disrupted by 3-D printing:
    1. Commerical aerospace and defense
    2. Space
    3. Automotive
    4. Health Care
    5. Consumer Products/Retail”
  13. p. 33: “[Local Motors CEO Jay] Rogers describes digital manufacturing as the third industrial revolution. ‘The first revolution was the steam engine. Henry Ford gave us the second revolution, mass production, in which you can make something cheap as long as you make a million of them. The third revolution comes from the demcratization of manufacturing, wherein a new car design does not require a new plant to be built.”
  14. p. 37: “…the big dream is to be able to create 3-D printers capable of printing entire space stations in space, and even better, to do it with materials mined from space”
  15. p. 44: in a discussion of Google’s self-driving car technology, which uses LIDAR, I realized for the first time that whoever controls a fleet of self-driving cars will effectively have 24/7 surveillance of all surface streets. This is what an LIDAR image looks like.

More to come…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s