From 600+ conversations with the world’s leading thinkers.
The first trillionaires are going to be created through space exploration. Imagine the mineral wealth on planet Earth, and then realise that Earth is just a tiny blue dot in our whole galaxy… which is just one galaxy in a universe, which could be part of many universes. Everything we think is rare on Earth, is abundant in space.
In India affordability and improving life are also key pillars of entrepreneurship- coming from the circumstances and context of the country; for example, India has 1,000 radiologists for a population of 1.4 billion.
We have to be careful about just increasing start-up activity. If we are increasing the level of start-up activity of people who are more inclined to employ other people, fine… but I'm not convinced that is the case.
Every time we achieve some version of success we see another version of ourselves that we didn't even know was possible. We as humans wonder what else potential we have to explore. I didn't know that it was available to me but now that it is, and that's amazing and it's exciting and it's wonderful, it's also anxiety provoking and stress inducing and identity questioning.
If you don't love the act of doing, you'll never find happiness. If your motivation is glory or money, you're bound to be disappointed. If you're more excited about lunch with investment bankers than dealing with the day-to-day realities, you'll end up unhappy.
Essentially, corruption entails a misallocation of entrepreneurial talent into activities that carries individual benefit, but has destructive or unproductive consequences for society at large. Because of its essentially predatory nature, it reduces productive investment, leads to an outflow of talent, lowering growth rates and increasing income inequalities.
One of the defining experiences I had with CNET, a digital media company where I was the fourth employee back in the dawn of the internet, was recognizing the power of asking for help.
Never was wealth the driver for me. – it was always hey, there's a cool idea here, let's make something of it. It was nice to be well rewarded, but the interesting part was working the problem, thinking about new things and how to bring them forward from being ideas to being products or new ways of doing things.
Entrepreneurs and investors must make discrete choices, often with quite incomplete information and uncertainty about the future, about which ideas to progress and which to shut down. Financiers rather than markets dictate which projects are realized, as they choose which experiments to attempt, how to interpret the results, and whether to continue or abandon the investment.
You should try and copy everything you possibly can! It's just that if you run out of alternatives, if you run out of options to copy, you will realise that your entire life has conditioned you to not only be a great copier, but to hesitate when copying is no longer an option.
I got into boxing promotion by accident. One of my cousins was a boxer, so I used to go watch him fight as an amateur and then when he turned pro. He had a fight, I went to watch it… he got beat and had a return match… he beat the guy… they had another match, but they wanted to pay them crap money. I went to the meeting, turned around and said, '…I don't need you, we'll promote it…' I don't know why I even said that! The next minute, I was in the promotion business and helping to get this thing together; I got bitten by the bug, and it went from there.
The only way I can get truly invested in something is by doing it and understanding the full-stack of why and how it works, rather than playing a role in it- it's why I was so bad at working for other people… I learn through immersion.