There are now kits that let your plants tweet when they need to be watered, Wi-Fi-connected cow collars that let farmers know when their animals are … - Peter Diamandis

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There are now kits that let your plants tweet when they need to be watered, Wi-Fi-connected cow collars that let farmers know when their animals are in heat, and a beer mug that can tell you how much you've drunk during Oktoberfest. As Arduino hacker Charalampos Doukas says, as sensor prices crash downward, "The only limit is your imagination."

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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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Yet, forget ICOs for a moment. When it comes to the mother lode of deployable capital, the real heavyweight title belongs to sovereign wealth funds (SWFs). These investment behemoths hold an estimated $8.5 trillion in assets. That's trillion, with a "T."

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You assume that going 10x bigger is going to be ten times harder," he continues, "but often it's literally easier to go bigger. Why should that be? It doesn't feel intuitively right. But if you choose to make something 10 percent better, you are almost by definition signing up for the status quo — and trying to make it a little bit better. That means you start from the status quo, with all its existing assumptions, locked into the tools, technologies, and processes that you're going to try to slightly improve. It means you're putting yourself and your people into a smartness contest with everyone else in the world. Statistically, no matter the resources available, you're not going to win. But if you sign up for moonshot thinking, if you sign up to make something 10x better, there is no chance of doing that with existing assumptions. You're going to have to throw out the rule book. You're going to have to perspective-shift and supplant all that smartness and resources with bravery and creativity.

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