5x5x5 Rapid Innovation Method, a very concrete way of putting Shiv’s notion into practice. “The idea is fairly simple and straightforward,” he says. … - Peter Diamandis

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5x5x5 Rapid Innovation Method, a very concrete way of putting Shiv’s notion into practice. “The idea is fairly simple and straightforward,” he says. “A company looking to drive breakthroughs in a particular area sets up five teams of five people and gives each team five days to come up with a portfolio of five ‘business experiments’ that should take no longer than five weeks to run and cost no more than five thousand dollars each to conduct.

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About Peter Diamandis

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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Also Known As

Native Name: Peter H. Diamandis
Alternative Names: Dr. Peter Diamandis Dr. Peter H. Diamandis

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Additional quotes by Peter Diamandis

Abundance is a global vision built on the backbone of exponential change, but our local and linear brains are blind to the possibility, the opportunities it may present, and the speed at which it will arrive. Instead we fall prey to what’s become known as the “hype cycle.

Greenblatt is not alone in this assertion. Many believe water is an issue of money and will be best solved locally, and without the aid of techie gizmos. It’s an opinion based on hindsight. The last century saw governments dithering while they searched for a high-tech, silver-bullet solution. Millions died in the interim, and the world is full of gadgets either unsuitable for the ruggedness of their deployment area or impossible to maintain because supply chains did not extend far enough.

Clay Shirky uses the term “cognitive surplus” to describe this process. He defines it as “the ability of the world’s population to volunteer and to contribute and collaborate on large, sometimes global, projects.” “Wikipedia took one hundred million hours of volunteer time to create,” says Shirky.

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