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" "two of the main factors that drive economic growth are the availability of money — the stockpiles we can draw upon — and the velocity of money, or the speed and ease with which we can move that money around.
Peter H. Diamandis (born May 20, 1961) is an American engineer, physician, and entrepreneur. He is best known as the founder and chairman of the XPRIZE Foundation, and the cofounder and executive chairman of Singularity University. He is also cofounder and former CEO of the Zero Gravity Corporation, cofounder and vice chairman of Space Adventures Ltd., founder and chairman of the Rocket Racing League, cofounder of the International Space University, cofounder of Planetary Resources, cofounder of Celularity, founder of Students for the Exploration and Development of Space, and vice chairman and cofounder of Human Longevity, Inc.
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In 1992, as we sought to establish our permanent terrestrial campus, we put out an RFP (request for proposals) that basically said, "Hi there, we're ISU. We have this concept for a permanent campus. We've held five summer programs in five different cities, and this is our vision for what we want to create and where we want to go. Please tell us how much cash endowment, buildings, and operational money you will give us to bring our vision to your city." Had we gotten no response at all, I would not have been surprised. But that wasn't the case. Within six months, we received seven proposals ranging from $20 million to $50 million in funding, buildings, faculty, equipment, and even the promise of accreditation. In short, everything we needed to implement the next phase of ISU.
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