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Blink 3 of 8 - The 5 AM Club
by Robin Sharma
Bold summary
Peter H. Diamandis and Steven Kotler
How to Go Big, Create Wealth and Impact the World
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Key idea 1 of 8
4.2 (119 ratings)
19 mins
8 key ideas
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What is Bold about?
Bold (2015) is a guide to creating wealth by using today’s most impactful, cutting-edge tools: exponential technologies. Using real-life examples and step-by-step guides, the blinks explore how to transform start-up concepts into billion-dollar companies.
About the Author
Peter H. Diamandis, founder of the X Prize Foundation and co-founder of Singularity University, is an engineer, entrepreneur, physician and space enthusiast. He also co-authored the bestselling book Abundance, with Steven Kotler.
Steven Kotler is a journalist, entrepreneur and author, who, in addition to co-authoring Abundance, has published articles in The New York Times Magazine and Wired.
Table of Contents
Key idea 1 of 8
The exponential growth of technology is democratizing the power to change the world.
Some 66 million years ago an asteroid wiped out all the dinosaurs, leaving the ruling of the world to a new group of animals – our furry little mammalian ancestors. Currently, another monumental event is rocking our modern world: the rise of exponential technology.
And like that fateful asteroid, exponential technology will wipe out today’s dinosaurs, i.e., all lumbering, innovation-resistant companies.
Our understanding of exponential technological growth was first formulated by Gordon Moore, founder of Intel, who noticed that the number of transistors on integrated circuits consistently doubled about every 12 to 24 months. This trend of exponential growth is called Moore’s law.
To understand how Moore’s law affects our world, consider that our smartphones are a million times cheaper and a thousand times more powerful than a supercomputer from 1970.
When a medium or technology is digitalized – like when photography changed from images on physical film to images stored as ones and zeros – its growth rate becomes exponential. After digitization, photography achieved such profuseness and popularity that companies were soon willing to fork out huge amounts of money to get in on the action. Facebook, for example, bought Instagram for a cool $1 billion.
Exponential technology, in addition to bringing us neat gadgets like smartphones, is democratizing the power to change the world.
3D printing, for example, is furthering the democratization of manufacturing. Thanks to 3D printing, manufacturing a new car design no longer requires the building of an entirely new factory. With the right resources, almost anyone can do it. Today, most cars have 3D printed parts, and an entire car can now be printed on one site in one day.
On a smaller scale, some experts think that 3D printers will be a sound investment for individual households. A 3D printer can quickly manufacture enough products to pay for itself, and if we each owned one, it would irreversibly change the world of manufacturing.
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Who should read Bold
- Anyone who is interested in entrepreneurship
- Anyone who wants to positively impact the world and make money doing it
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