{"id":2831,"date":"2017-02-20T14:25:40","date_gmt":"2017-02-20T21:25:40","guid":{"rendered":"http:\/\/www.spreadingscience.com\/?p=2831"},"modified":"2017-02-20T14:26:39","modified_gmt":"2017-02-20T21:26:39","slug":"diamandis-details-21st-century-entrepreneurship","status":"publish","type":"post","link":"https:\/\/www.spreadingscience.com\/2017\/02\/20\/diamandis-details-21st-century-entrepreneurship\/","title":{"rendered":"Diamandis details 21st century entrepreneurship"},"content":{"rendered":"<p><em>Peter hits the nail squarely here. Humans have a hard time understanding exponentials. And the exponential economy seems like a mystery to them. But if you do not organize your community to deal with exponentials, you will likely fail.<\/em><\/p>\n<div style=\"padding-left: 30px;\"><a href=\"http:\/\/peterdiamandis.tumblr.com\/post\/156315422608\">Are You an Exponential Entrepreneur?<\/a><br \/>\n[Via <span style=\"font-family: 'Lucida Grande'; color: #999999;\"><a style=\"text-decoration: none; font-weight: bold;\" href=\"http:\/\/peterdiamandis.tumblr.com\/\">Peter Diamandis<\/a><\/span>]<\/div>\n<div style=\"padding-left: 30px;\">\n<p>Being an entrepreneur today is vastly different than it was 20 years ago.<\/p>\n<p>Today, each of us has access to more capital, more technological tools, more information, more talent, and more computational power than the CEOs of the world\u2019s biggest companies did just two decades ago.<\/p>\n<p>As I think about what it takes to succeed in a world of Abundance and a world of accelerating returns, I focus on six mindsets and tools that every exponential entrepreneur needs to master.<\/p>\n<p>Here\u2019s a quick look:<\/p>\n<h2>1. You Must Understand Exponentials<\/h2>\n<p>We\u2019re local and linear thinkers in an exponential world.<\/p>\n<p>Our brains haven\u2019t had a significant upgrade in over a million years, whereas our technology is doubling in power every 18 to 24 months.<\/p>\n<p>Exponential technology is transforming products and services and disrupting industries. That\u2019s why Ray Kurzweil and I cofounded Singularity University.<\/p>\n<p>I often talk about my \u201c6 D\u2019s\u201d framework \u2013 it\u2019s a lens through which I contextualize all technological change and opportunities:<\/p>\n<p><strong>The 6 Ds Progression:<\/strong><\/p>\n<ul>\n<li><strong>Digitized:<\/strong> Turning every product or service into \u201c1\u2019s and 0\u2019s.\u201d<\/li>\n<li><strong>Deceptive:<\/strong> The doubling of small numbers is deceptive. Start doubling 0.1 to 0.2\u2026 0.4\u2026 0.8\u2026 and at this phase, it all looks like \u201czero.\u201d<\/li>\n<li><strong>Disruptive:<\/strong> After we reach \u201c1,\u201d just 30 doublings later, we\u2019re at 1 billion.<\/li>\n<li><strong>Dematerialized:<\/strong> Exponential technology turns tangible \u201cthings\u201d into digital apps. I no longer carry around GPS equipment \u2013 it\u2019s an app on my phone.<\/li>\n<li><strong>Demonetized:<\/strong> The cost of duplicating and sending an app is essentially zero.<\/li>\n<li><strong>Democratized:<\/strong> Once products and services are digital, they go global and can become ubiquitous.<\/li>\n<\/ul>\n<p>Exponential entrepreneurs use the 6 D\u2019s as a technological road map to predict where technologies are going and when to capitalize on the opportunities. This framework gives them an unfair advantage over competitors.<\/p>\n<h2>2. You See the World as Abundant (vs. Scarce)<\/h2>\n<p>Exponential entrepreneurs understand that technology is a force that transforms things from scarcity to abundance.<\/p>\n<p>Technology is creating a world of abundance in almost every major arena, including energy, knowledge, transportation, computation, access to education and access to healthcare.<\/p>\n<p>Once these industries transform from scarcity to abundance, their products and services become cheap (or free) and their quality goes through the roof.<\/p>\n<p>Exponential entrepreneurs understand that despite the constant barrage of negative news from the Crisis News Network (my joking term for CNN) and its ilk, the world is becoming better at an extraordinary rate on almost every possible measure, including food, energy, education, poverty and health. (Note: I collect detailed charts on \u201cEvidence of Abundance <a href=\"http:\/\/diamandis.com\/data\" target=\"_blank\">here<\/a>.\u201d)<\/p>\n<p>Exponential entrepreneurs also know that scarcity-minded, closed business models ultimately fail, and open platforms ultimately win.<\/p>\n<h2>3. You Leverage Exponential Technologies<\/h2>\n<p>[\u2026]<\/p>\n<h2>4. You Have an MTP and a Moonshot<\/h2>\n<p>[\u2026]<\/p>\n<h2>5. You Tap the Crowd for Expertise, Solutions &amp; Capital<\/h2>\n<p>[\u2026]<\/p>\n<h2>6. You Launch Your Vision, Experiment &amp; Disrupt Yourself<\/h2>\n<p>[\u2026]<\/p>\n<\/div>\n<p style=\"padding-left: 30px;\">[<a href=\"http:\/\/peterdiamandis.tumblr.com\/post\/156315422608\">More<\/a>]<\/p>\n<p><em>So many good points. Read and execute them all.<\/em><\/p>\n<p>Image: <a href=\"https:\/\/flic.kr\/p\/ycPDw6\">luk.s<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter hits the nail squarely here. Humans have a hard time understanding exponentials. And the exponential economy seems like a mystery to them. But if you do not organize your community to deal with exponentials, you will likely fail. Are You an Exponential Entrepreneur? [Via Peter Diamandis] Being an entrepreneur today is vastly different than &hellip; <a href=\"https:\/\/www.spreadingscience.com\/2017\/02\/20\/diamandis-details-21st-century-entrepreneurship\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Diamandis details 21st century entrepreneurship<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":2835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"Diamandis details 21st century entrepreneurship","jetpack_is_tweetstorm":false},"categories":[25],"tags":[27],"class_list":["post-2831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exponential-economy","tag-featured"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.spreadingscience.com\/wp-content\/uploads\/2017\/02\/exponential.001.jpeg?fit=1920%2C1080&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pe2yp-JF","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":911,"url":"https:\/\/www.spreadingscience.com\/2012\/11\/21\/7-lessons-for-managing-groups-in-the-exponential-economy-learned-from-the-elections\/","url_meta":{"origin":2831,"position":0},"title":"7 lessons for managing groups in the exponential economy learned from the elections","date":"November 21, 2012","format":false,"excerpt":"by\u00a0Jeff Rowley Big Wave Surfer How Team Obama's tech efficiency left Romney IT in dust [Via Ars Technica] Despite running a campaign with about twice the money and twice the staff of Governor Mitt Romney's presidential bid, President Barack Obama's campaign under-spent Romney's on IT products and services by $14.5\u2026","rel":"","context":"In &quot;21st Century Company&quot;","img":{"alt_text":"monster wave","src":"https:\/\/i0.wp.com\/www.spreadingscience.com\/wp-content\/uploads\/2012\/11\/11-21-2012monsterwave.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":972,"url":"https:\/\/www.spreadingscience.com\/2013\/08\/07\/crowdgrant-23-more-days-to-consider-the-facts\/","url_meta":{"origin":2831,"position":1},"title":"#CrowdGrant 23 more days to Consider the Facts","date":"August 7, 2013","format":false,"excerpt":"So much going on that this blog has not been updated for awhile. 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I plan on making some changes around this website as it moves forward.","rel":"","context":"In &quot;21st Century Company&quot;","img":{"alt_text":"How the asteroid saved mankind","src":"https:\/\/amanwithaphd.files.wordpress.com\/2013\/07\/how-the-asteroid-saved-mankind2.jpg?w=350&h=200&crop=1","width":350,"height":200},"classes":[]},{"id":1028,"url":"https:\/\/www.spreadingscience.com\/2013\/12\/05\/testing\/","url_meta":{"origin":2831,"position":4},"title":"testing","date":"December 5, 2013","format":false,"excerpt":"This is a test. The website was hacked, most likely due to the old theme I was using. I' was looking to change it early next year anyway. Now I just have to accelerate it a bit. So I've put in a transitional theme until then. 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NASA sure thinks so, based on this video: Help make this happen.","rel":"","context":"In &quot;21st Century Company&quot;","img":{"alt_text":"How the asteroid saved mankind","src":"https:\/\/i0.wp.com\/www.spreadingscience.com\/wp-content\/uploads\/2013\/08\/How-the-asteroid-saved-mankind.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.spreadingscience.com\/wp-json\/wp\/v2\/posts\/2831"}],"collection":[{"href":"https:\/\/www.spreadingscience.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spreadingscience.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spreadingscience.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spreadingscience.com\/wp-json\/wp\/v2\/comments?post=2831"}],"version-history":[{"count":4,"href":"https:\/\/www.spreadingscience.com\/wp-json\/wp\/v2\/posts\/2831\/revisions"}],"predecessor-version":[{"id":2837,"href":"https:\/\/www.spreadingscience.com\/wp-json\/wp\/v2\/posts\/2831\/revisions\/2837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spreadingscience.com\/wp-json\/wp\/v2\/media\/2835"}],"wp:attachment":[{"href":"https:\/\/www.spreadingscience.com\/wp-json\/wp\/v2\/media?parent=2831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spreadingscience.com\/wp-json\/wp\/v2\/categories?post=2831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spreadingscience.com\/wp-json\/wp\/v2\/tags?post=2831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}