Author(s): Peter H. DiamandisDownload
Publish: Published February 3rd 2015 by Simon Schuster
ISBN: ISBN 1476709564 (ISBN13: 9781476709567)
Alternate cover for this ISBN can be found here
From the coauthors of the New York Times bestseller Abundance comes their much anticipated follow-up: Bold—a radical, how-to guide for using exponential technologies, moonshot thinking, and crowd-powered tools to create extraordinary wealth while also positively impacting the lives of billions.
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 of the book focuses on the Psychology of Bold, drawing on insights from billionaire entrepreneurs Larry Page, Elon Musk, Richard Branson, and Jeff Bezos. In addition, Diamandis reveals his entrepreneurial secrets garnered from building fifteen companies, including such audacious ventures as Singularity University, XPRIZE, Planetary Resources, and Human Longevity, Inc. 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 ten’s 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.
Bold is both a manifesto and a manual. It is today’s exponential entrepreneur’s go-to resource on the use of emerging technologies, thinking at scale, and the awesome power of crowd-powered tools.
Some Reviews: 6,269 ratings 351 reviews in Goodreads.com
– “Many people misperceive what good entrepreneurs do. Good entrepreneurs don’t like risk. They seek to reduce risk. Starting a company is already risky…[so] you systematically eliminate risk in those early days” – Jeff Bezos
– “Intrinsic rewards become far more critical. Three in particular stand out: autonomy, mastery, and purpose.”
– “Always say “Yes, and…,” means interactions should be additive more than argumentative. The goal here is the momentum, togetherness, and innovation that comes from ceaselessly amplifying one another’s ideas and actions”
– “I have a very simple metric I use: Are you working on something that can change the world? Yes or no? The answer for 99.999999 percent of people is no. I think we need to be training people on how to change the world.” – Larry Page
– “Have a healthy disregard for the impossible”
– “Our philosophy is that the things that people use often are really important to them and we think that over time, you can make money from those things.” – Larry Page
– Law of Niches – “The ability for entrepreneurs to nimbly find and serve niche interests – and to produce platforms that allow those groups to address their needs en masse- is better than ever before” – Joshua Kleine
– “Don’t think outside the box. Go box shopping. Keep trying on one after another until you find the one that catalyzes your thinking. A good box is like a lane marker on the highway. It’s a constraint that liberates” – Dan and Chip Heath
– Exponential entrepreneur. The author tell stories of several inspiring entrepreneur and their quest to solve some of the world’s biggest problems, such as Elon Musk, Larry Page, Jeff Bezos, Sir Richard Branson, etc. The common theme is that those entrepreneurs had a strong passion and a clear vision of what kind of future they want to achieve.
– Crowdsourcing. The author mention some companies that solve a large problem that nobody even consider to solve. Such as re-captcha that utilize several seconds of thousands of people on the internet to digitize books, by using text that are hard to be recognized by computer to be solve by those people. “World’s biggest problems is actually big opportunities to be monetized”
– Crowdfunding. The author gave a lot of tips on how to create a successful crowdfunding campaign, using study cases from his company Planetary Resources, and other campaign such as Tesla Museum that supported by The Oatmeal, and the Pebble Watch.
– Community. The author also gave a tips on creating communities based on your passion. And how to utilize the community to make a movement, or to make an impact by creating competition such as X-Prize.
Are you working on something that can change the world? 99.99999 percent of people said no. I think we need to be training people on how to change the world.
The book starts off weak. The 6 Ds? Come on now. Just cheesy, and no way it sticks around as a model people refer to. I almost put it down.
The book ends weak. Basically ridiculously long How Tos / guides on using crowdsourcing and crowdfunding to make big ideas happen. Those sections can/should have be done as separate books or longer posts on the Abundance site vs. being included as laundry list-like step-by-steps in the core book itself. I just skimmed over most of it.
Onto the good.
The MIDDLE of the book was AWESOME. The interviews with Musk, Branson, etc., were interesting, but more so were the discussions on the state of the a number of key technologies that are obviously going to change the world by 10x-100x (3D printing, robotics, etc.), along with how we NEED to be making many more big bets.
It’s hard to put it all down here, but I felt frankly excited reading through the section, and found myself highlighting on my kindle all over the place. It just makes you believe that the future is going to be awesome.