Peter Diamandis

Ideas

Pre-mortem: 6 months from now if this had fail - Why? What are the reasons? Kill the idea early if it is not going to work and celebrate all the time and effort you've saved.

The Habit of Raising Necessity: You cannot become extraordinary without a sense that it’s absolutely necessary to excel, for yourself and for others. Speak your 'Why' to yourself out loud often, say your MTP (with passion) every morning, say it several times a day for years, and share it with others. This will motivate you to live in congruence with your commitments. By declaring a Moonshot to the world, you make a public commitment to solve a problem. And each time you share your Moonshot with others, you strengthen that commitment.

Level Up Your Squad: Emotions and excellence are contagious, so spend more time with the most positive and successful people in your peer group. Then continue building your ideal network of supportive and empowering people. Find or create a community that inspires you and helps you protect your mindset.

M.T.P.: Your purpose in life fueled by passion. Your meaning, give it emotion, cherish your love for these things. It can change, share it with and others get feedback.

Moonshot: Start with one, develop more over time.

Googles 8 Innovation Principles

1. Focus on the user (the 1st-5th things you should be thinking about are: What does the user want?)
2. Open will win
3. Ideas come from everywhere
4. Think Big, Start Small

• ISU: first raised 50k from sponsers and ran a summer conference, it succeeded. Next did a summer program, did 7 more, then heald a global competition to have a city build a campus & Staruasberg spent $50 million to build a campus for them.

5. Never fail to fail
6. Spark with imagination, fuel with data

• launch early, get data, itterate

7. Be a platform, float all boats
8. Make it matter

Tools

Yearly moonshot planning: Do in January

• What is your 5-year moonshot objective?
• If you were on track, what would you want to achieve by the end of this year?
• What are 3 things you could do this week to start, that would put you on that path towards that 1 year goal? And then do them - the ratio from something to nothing is infinite

Mindest

• Mindset: Your most important asset. The way you think, what you believe to be true.
• Learn from successful people and model the way that they think
• Key ingredients:
  • People you spend time with (expand your environment, go to S.U.)
  • Work and home environment
  • News you watch
  • M.T.P.
• Mindsets of Great Individuals
  1. Passion & Purpose
  2. Rapid Experimentation
  • Increase experiments per week, month, & year. Failure is ok.
  • A.B.E. : always be experimenting
  3. Customer Centric Thinking
  4. Risk it, mitigate it: "Protect the downside"
  5. Longterm thinking: prioritize current actions for the longterm
  6. Optimistic Thinking

Questions

• What do I want solved?
• What do I really care about?
• What do I want to do with my life?
• What would I do if I was given a billion dollars and I couldn't spend it on myself?
• How do I go 10x bigger, not 10%?
  • Forces you to think differently, think from a clean slate
  • Attack a problem even if you don't know how to solve it, figure it out as you go. Have the courage to try
• How do I think about it differently?

Quotes

• "If you're not embarrased by the first version of your product, you've launched it to late" - Hoffman