- Welcome back everyone.
I'm Alison Berman.
Right now, I have a very special guest,
named by Fortune Magazine,
one of the World's Fiftieth Greatest Leaders
and a really successful serial entrepreneur,
the co-founder and executive chairman
of Singularity University and Xprise,
Peter Diamandis, it's such a pleasure to have you here.
- Thank you, great to be here.
- So Peter, you have more passion and motivation
for your work than almost anyone I've ever met.
And I mean that sincerely.
- Thank you.
- What is it that sustains and fuels this level of passion?
- So that's interesting right
and I talk to people about the fact
that if you connect with your passion
and you're, as an entrepreneur,
that you can actually bulldoze down any obstacles,
you can sustain yourself through the multi-death experience
that you're gonna have.
If you're going to do anything big in the world
and so for me, I'm very lucky.
I connect with my passion as a child.
My first passion was space wipe.
It was Apollo and Star Trek that got me started
and it was this desire to wanna go into space
and this fundamental belief
that I was going to be able to be a part of that.
Right it was,
Apollo showed what was now possible.
I mean, for God's sakes, we were going to the moon.
I mean, we were on the - Yes.
- On the frigging moon
and then Star Trek showed what was going to happen
and that sort of two part just got me so excited
and I just got,
I felt early on
that I could exhibit that enthusiasm
and I started becoming an entrepreneur.
My first organization ever,
was an organization called SEJ Students
for the Exploition of Development and Space.
I started at MIT.
Jeff Bazos was running the chapter at Princeton University
and went great.
Then I started a university.
My first University, SU, a very proud
is modeled after International Space University
and so I realized I was at my best
when a few things happened
One, when I was tapped into my passion
and two; when I let it shine through.
When I gave permission for me to say
It's amazing.
We live in the most amazing world
and it's the most amazing time to be alive
and we're going to the stars.
We're extending human life span.
We're doing all these things.
- And when you say it, people feel it.
- And it's cause it's authentic.
It comes from my heart. - It is.
- And we really are living in the most extraordinary time,
so, I'm working on my 19th startup
and I've had some amazing fun adventures,
and anything I do has gotta be truly from the heart
and the soul, otherwise, I'm gonna, I'm not gonna care.
If the love isn't there, it's never gonna thrive.
- Completely.
It's like Maslow's hierarchy of needs.
You're in touch with your purpose.
- Yeah.
- And so is there a current moonshot, you're most focused on
I know at Xprise, the current competition
started by storytelling, Google (mumbles), they're amazing
but is there one you really have your focus on.
- So I have a few.
I mean, one of them, we're gonna be,
I'm going to be going on stage here at the SU Global Summit.
Those of you who are not here,
come here next year.
It's an amazing.
This is like TED for Science and Technology.
All exponentials all the time.
Su.org, check it out.
Join us okay.
I'm gonna be going back on stage
and I'm gonna be bringing on stage with me,
Chris Lewicki, who's the CEO of Planetary Resources.
Bob Richards, the CEO of Moon Express.
And Erica Wagner from Blue Origin
and so it's been great.
So I'm madly in love
with what we're doing in Planetary Resources.
We are building AI enabled deep space space craft,
that are going out to near earth asteroids
to prospect them and then mine hydrogen and oxygen from them
water and ice and fuel.
So that's great.
So space has been and always will be one of my primary FOSI
and then the other is longevity.
Opening up space is slower than I wanted it to be.
I'm gonna have to live longer than expected.
So I'm working on a couple companies
in the stem cell business.
Just launched a new company called Cellularity.
Just raised $100 million.
It's a stem cell roll up.
I believe stem cells are the means
by which we're going to extend the healthy human life span
and then I'm working in partnership with SU
on something called Abundance 360 Digital.
- [Alison] Yeah.
- And I've created a year long curriculum
for entrepreneurs who wanna follow my work,
who wanna get, you know literally day by day
teaching from me.
So my goal is, can I light up initially 10,000 entrepreneurs
My moonshot is a million entrepreneurs.
And give them the tools, the mindset, the energy,
to go out there and go big.
So anybody interested in that,
it's a360.digital.
is the website weird for that
and so I've created a year long curriculum
It's in the SU family of content,
where you continue this learning.
So ultimately, it's really about igniting entrepreneurs,
helping them shape their moon shots,
encourage their moon shots
and supporting them to go after their moon shots.
- And so speaking about the entrepreneur's journey
and you said you founded 19 companies,
has there been a moment
that was pretty challenging to overcome?
Like one you look back on
that's been an overcoming of something
that's really pivotal to your career.
- Every one of them has ...
Nothing's been easy, right.
It all looks easy a decade later.
I like to say it's a overnight success
after ten ears of hard work.
- I love that.
- And so, you look at folks like Jeff Bezos,
look at folks like Elon Musk,
they all have their incredible near death experiences.
I mean, Elon's got an amazing one
where in 2008, he's going through a divorce,
SapceX just had it's third failure,
the government is not funding anything
and he's borrowing money to survive
and then all of a sudden there's a turnaround,
so for me, in every company,
in Planetary Resources, in Xprise, and SU,
every company's got that.
And so unless, going back to our original conversation,
unless you love, love, love what you do,
and what you're doing,
unless you're driven by
that internal massively transformative purpose,
their heart and soul,
you're gonna give up before you succeed.
- The near death experience will be.
- Yeah it'll happen.
Another friend of mine, Bill Gross,
who is one of the most amazing entrepreneurs in the world,
Bill gave a great TED talk, you can look it up
and also a DLD talk which he said he looked at 200 companies
a hundred that succeed to a hundred that failed.
And he said what caused these to succeed and these to fail
and he categorized the elements
and at the end of the talk, he said,
when you look at the data, right,
always be looking at the data,
when he looked at the data,
it wasn't how much money they'd raised,
their previous experience in the successes or failure,
what technology, the size of the market.
Do yo know what it was?
It was - Their mindset?
That's part of it.
It's timing.
It was their timing.
It was that they were living long enough to live forever.
So it was Airbnb and Uber were alive just at the right time.
After 2008, when people were looking for extra income.
There had been experiments of that before that failed.
SpaceX was there after the shuttle was shut down
to take that over.
So at the end of the day,
being smart, having enough money,
having a great business plan, all that's great,
but unless the timing is there.
So one of the things I really tell people
is if you're driven by your passion,
you're gonna stick with it long enough to succeed,
- And that the time will.
- You'll intercept the right timing.
Right, so it may take you five, eight, ten years
but if you care about it,
if you love it,
if you're doing it because it's your highest calling in life
and not just because you're trying to make a quick buck,
you'll stick around long enough and intercept the timing.
- And so, you're a pioneer of abundance thinking,
the idea that technology can take what's scarce
and make it abundant.
I would say that that's an idea
that will take fundamental principle of today
and make it untrue in the future.
Is there another fundamental principle
that we currently live in
that you think technology will break in the future?
- Yeah, I think there's a number.
I think privacy is one.
- Okay.
- I think that, listen I want privacy as much as anybody
but I think we'e heading towards a post privacy economy
or post privacy world.
Why?
Because we're heading to a world
of a trillion sensors by 2020,
a hundred trillion sensors by 2030
and you know an AI watching me right now
without the volume on can read my lips, read your lips.
We're going to be able to shake you hand like this,
grab a few skin cells and sequence you
and know everything that's true about your background.
There'll be space-based drone-based imagery
imaging everything all the time
or timeless cars with light R imaging.
So it's going to be very hard to have any time
that something isn't known.
Privacy will become a fleeting element of our lives.
We're heading towards a post capitalist society
where money's going to have less and less value,
much more alike the Star Trek universe.
If I've got a molecular replicator in the future result
and I wanna print a Ferrari,
it's gonna be the raw cost of the materials,
the energy for printing and the information set.
So everything is demonetizing.
So a lot of change coming.
- Yes. - A lot of change.
- And so before we wrap.
- Yeah.
- Next generation, who is your favorite character?
- Oh God, so
- That's a hard one?
- You know I mean. listen
I head towards Bacard but he's the older bald guy, you know,
so Riker is definitely a thumbs up
and I have to, you know I love Data.
He's very
- It's hard not to.
- Yeah it's hard not to.
- Peter, thank you so much.
What a pleasure.
- Thank you. - Thank you
- A pleasure.
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