EP #20 Ask Peter Anything Part 2: How to be a Great Entrepreneur, Leader, and Father

In this special episode, Peter hosts a 1 on 1 session with 5 entrepreneurs, leaders, and aspiring business owners from across the globe. Peter and his guests get deep into startup fundraising, work-life balance, how to start a successful business, and more. You will learn about: 05:24 | How do you know when to pivot & try something new? 16:01 | How do you prepare yourself for fundraising your project? 34:05 | How do you build your start-up from the ground up? 57:40 | How do you build your passion alongside your family? The guests during this 1 on 1 “Ask Me Anything” session include Julian Alvarez, CEO & Co-Founder of MindFlow; Diana Bald, Senior Advisor, VUE Health and Founder of Activist360; Naisukhy Laurent, student and Founder of Lixur; David Thiel, Founder, Global Operator, Startup Advisor & Consultant, and Yahli Admati Founder and CEO of Admati Strategy. _____________ Resources Julian Alvarez: MindFlow Diana Bald: LinkedIn Naisukhy Laurent: Lixur David Thiel: LinkedIn Yahli Admati: LinkedIn Levels: Real-time feedback on how diet impacts your health. levels.link/peter Consider a journey to optimize your body with LifeForce. Learn more about Abundance360. Read the Tech Blog. Learn more about Moonshots & Mindsets. Learn more about your ad choices. Visit megaphone.fm/adchoices

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:02Speaker 00

  Every mile matters, whether you're driving your dream car or your daily commuter. The Mobile One team knows that. It's why we created Mobile One Advanced Clean Motor Oil. It cleans your engine in one oil change and helps extend engine life, delivering performance, protection, and cleanliness for vehicles of all ages. All to help keep your engine running like new, whatever you're driving. Visit mobileone.com/advancedclean to learn more.

• 0:30Peter Diamandis?

  Another trick that I did, and it's worked well, is I bought a watch on Etsy. I don't have it on right now, but on the face, it says "NOW," N-O-W. And that's it. It's art, it's not digital. It just says "NOW." And so, you know, I'm so habituated at looking at my watch to see what time it is, to see what's next. And whenever I do that, it says "NOW," it's like, okay, be present. Right? It's a reminder to be present. And I put that on on weekends and on vacation. And a massive transformative purpose is what you're telling the world.

• 1:13Peter Diamandis?

  It's like, this is who I am, this is what I'm gonna do, this is the dent I'm gonna make in the universe.

• 1:21Peter Diamandis?

  Welcome to our one-on-one mentorship time, I'll call it a mentorship time. And one of the things that I love about what Nick has set up here is for everybody to be hearing everybody else's concept and my feedback. One, because each of you will have the ability to add value to each other. But second, you know, when I'm giving feedback and mentorship to one of you, hopefully each of you will learn something from that interaction as well. So, you know, there's a phrase that my coach, Dan Sullivan, says, "More is often caught than taught."

• 2:02Peter Diamandis?

  So, listening in is gonna be a great opportunity to hear. Well, that actually applies to me as well. Nick, do you want to frame this further?

• 2:12Speaker 02

  Yeah, really well said, Peter, and that's exactly why we're doing this. Hey, everybody, I'm Nick. If you didn't happen to make the one-on-one, or sorry, the AMA call a couple of days ago, I see some familiar faces. You're all part of a really special group. Over the past two months, we put together a show called Moonshots and Mindsets, as you know, and it's just risen and it's done really well. And as a thank you to you all for being just great and avid early supporters and helping the show rank top 10 in the United States, we wanted to make time for you to chat with Peter individually. Everybody was chosen at random, and you were all chosen because you went above and beyond to support Peter and the show. And the reason we do this is not because we're short of things to do.

• 2:57Speaker 02

  The reason we do this is because Peter's mission is to uplift humanity and find people that he can inspire to help him do that. So you're all

• 3:07Speaker 02

  just fellow missionaries on that role with us. So, thank you.

• 3:11Peter Diamandis?

  Let me just take a second to say thank you to all of you for your support in launching Moonshots and Mindsets. It is, for me, the means by which I help entrepreneurs like yourself, you know, create a hopeful, compelling and abundant future. I encourage you to take on moonshots and really have the right mindset. And we've talked about this before, that your mindset is your single most important asset. More important than technology, than capital, the networks, your mindset really guides you on how you see opportunities and dangers and how you react to them. So I'll be coming back to what mindset you have when you're speaking about your challenge, your company,

• 3:56Peter Diamandis?

  and then really how you might think about the moonshots you're taking on. But thank you for the work that you do and excited to be working with you.

• 4:05Speaker 02

  Sounds good. Peter, I'm going to kick this off with just some welcoming stuff from you. Where are you right now in the world? And you have a

• 4:14Peter Diamandis?

  Yeah, so I am, I am in my venture capital offices here at Bold Capital Partners in Santa Monica. Bold has just crested over a half a billion dollars of assets under management, investing about, you know, thirty to forty percent in exponential technologies and about sixty percent in biotech. And I just finished recording with a company out of Israel called Hour One, H O U R W O N E dot A I, my digital avatar. So uploading myself so they do image capture

• 4:53Peter Diamandis?

  and voice capture so I can preserve or actually be in many places at once. So it's a future of of digitization, right? We talked about the six Ds in our exponential journey, that whatever you can digitize and dematerialize, demonetize, democratize. So my goal eventually is that each of you have access to a digital version of me that you can ask any questions that you have, but not just digital version of me, a digital version of Tony Robbins, of Elon Musk, of whomever you want. Imagine ability to have personal relationships with somebody that or something that thinks like reacts to has the same mindsets as the persona you want.

• 5:38Peter Diamandis?

  So that's, that has been a fun morning just recording that.

• 5:41Speaker 02

  Yeah, fun fact, this whole thing is AI Peter. This isn't real Peter in the flesh. I'm totally kidding, but let's dive. Exactly right. Maybe you'll find out by the end of the call. But let's dive in, Donna. Who's up first?

• 5:56Speaker 03

  Uh, first, we have Julian.

• 5:58Peter Diamandis?

  Uh, Julian, do you like Julian or Julian? Which, which is your mom calling?

• 6:04Speaker 04

  My mom, it's funny, when my mom gave me my name, she didn't imagine people would call me Julian. So yeah, I'm from Colombia, so Julian is like what she calls me, but almost everyone calls me Julian. Um, and I probably prefer it since like, uh, it's a little harder to get the Hispanic version, right?

• 6:22Peter Diamandis?

  Awesome. We'll give it a try, state both. Alright, let's jump in.

• 6:26Speaker 04

  Alright, um, so want me to kick this off? Uh, let's set some context here.

• 6:31Peter Diamandis?

  Please.

• 6:32Speaker 04

  Alright, cool. So, um, awesome. Thanks for taking your time, Peter. So to set some context here, I want to ask you some questions around my startup Mindflow. So setting some context in the next minute, uh, started Mindflow in January, have pivoted twice since then. And in this new direction, we launched our app, which is a social app centered on personal growth, enabling people to become their best self, to become 1% better every day. We launched that three and a half months ago, but hasn't been going as well as we'd hoped. So, um, in about four months, we've gotten 700 downloads. And part of the challenge here is both on marketing, we haven't found a reliable marketing channel.

• 7:11Speaker 04

  And on the product side, there's, there's been like, uh, users that have told us there's real tangible value they're getting. Um, and some, there's like a small group of four to eight users that have had like one to two month retention. But they're not inviting their friends and like, there doesn't seem to be like very long-term retention or usage. So we don't think that it's working, uh, very well and are kind of like, okay, I think we need to like, find a more specific niche. We think we're too broad. But I guess the main, the main starting point question here is like, how do you know when to pivot? Cause there are some things we've heard that work about this, but it's not working super well, especially for a social app that needs to become viral. So how do you know when to pivot?

• 7:55Speaker 04

  We are like considering a new direction and testing an MVP, but that's kind of like the starting point, uh, of a general question here.

• 8:02Peter Diamandis?

  Yeah, I mean, so it's a really important question, and I faced this so many times as probably everybody else on this, on this conversation has to. And the challenge is each of us come to our product idea, imagining the solution right off the bat. Maybe it's something that you want for yourself, and maybe it's something that, that you think the world needs, but then you hit reality and in the uptake isn't there. Now, the question is, is the uptake not there? For what reason? Because it's not being properly presented? Because it actually isn't what people want? Because it's too hard to use? And one of the very first things, and you know this, it's about

• 8:45Peter Diamandis?

  product market fit, it's interviewing people. And so, you know, we've seen companies like Airbnb, which has this long story of how they got from an idea to actually eventually becoming successful. And they, they iterated and pivoted, but it wasn't until they actually went and sat down with their customers and literally lived a day in their shoes to understand what they wanted. So the first thing is really interviewing people and understanding what their pain point is. So I, so getting an understanding of what you think your customer, who they are and what

• 9:30Peter Diamandis?

  they really need. There's another concept of vitamins versus aspirin, right? So it's like, vitamins are nice to have. And if you don't take it, you forgot, I'll take it tomorrow. I'll take it when I get around to it. But, you know, aspirin is like, if you have a headache, you need it now, and you'll go out and get it now. So how do you be aspirin versus vitamins? Right? How do you find a pain point in this field that really a person needs to address?

• 10:07Peter Diamandis?

  So it's the interviews, it's understanding nice to have versus need to have. And then it's all about experimentation. It's all about not trying to pre-guess, but how do you do rapid iteration on your on your product cycle? So that and I'm I'm with this all the time. You know, one of my companies, Future Scope, that produces these AI-driven newsletters. It's like I'm constantly pushing the team iterate, iterate, iterate, A B test, try it again, do something different. And and when you find a signal, you'll see it.

• 10:45Peter Diamandis?

  But I think the the point of when to pivot is when you've been trying the same thing over and over again, and nothing is working. Where it's not really, you know, the definition of insanity, Julian, as you know, is doing the same thing over and over again, expecting a different outcome. So you have to, you have to get to a point where you feel like you've tried this enough. And and you're not getting the uptake. So then then it's interviewing those customers, getting them on the phone and listening to them. And it's just, it's with your co-founders, sitting down and coming up with,

• 11:29Peter Diamandis?

  you know, perhaps crazy iterations, but after having interviewed people, after having actually going outside yourself and your and your closest friends and talking to individuals. Let me pause there. I mean, I think those things are are pretty obvious. But yeah, they're important.

• 11:48Speaker 04

  Yeah, two, cool. Well said. I think, one, yeah, if you don't have a painkiller, the market will ignore you. Vitamins just don't fly. And the second thing is like, yeah, you should not pivot until you've tried a lot of different things. I think the hard thing is the constraint of money, right? Like if we have X amount of time until we run out of money and therefore die. So it's like, if we had more time, I would feel comfortable like experimenting a little more. But there seems to be a pressing need around the fact that like, yo, we we need to find something like soon, and we don't have that much time. So that that's a concern I'll I'll bring up in the last part here. Um. But one thing I'm also curious about here is that you you talk about solving the world's biggest problems. And I love that. It resonates with me so deeply.

• 12:33Speaker 04

  But my question is like, should you always begin with solving the world's biggest problems? Right? And because like now I realize like, hey, like this, what we're doing now is broad, like a whole social media platform. Like, that's kind of a huge undertaking. But I've realized like, oh, we probably need to start smaller, like in a smaller nation. The idea we're testing right now is around gratitude and connecting the world through gratitude, which is like a smaller thing. And it makes me uncomfortable that it's not as big, but I I don't know, it feels like.

• 13:01Peter Diamandis?

  I, Julian, I I get it. So this challenge of do you build something small and revenue generating? Or something big and billion person hitting? That was the same conversation we had at the first year of Singular University. And I went to the whiteboard and I drew um an exponential curve. And I said, listen, at the end of the day, you need to uh build a product that generates near term revenue as soon as possible. But it should have a big, bold vision. In other words, our our massive transformative purpose for this company is to create a global movement of gratitude, whatever it might be.

• 13:46Peter Diamandis?

  And we're going to generate revenue on day one. You know, companies that are able to, you know, get super well funded and can work for five, six, seven, eight years before generating revenue. I think those days are kind of behind us. Unless you happen to have become, you know, super successful, had an exit, and you can fund and fund and fund the thing yourself. Very few, very few companies are investing in. Manyana companies. So I'm always saying, how can you generate immediate revenue? How can you do something that is super useful instantly?

• 14:29Peter Diamandis?

  And doesn't charge much for it, you know, a dollar a month, but just demonstrate people are willing. The difference between someone getting something for free and somebody paying for something is infinite. Right? The ratio of zero to one. And, uh, and when someone pays for something, they are making a value definition instantly. So, uh, I think it's possible to have your, your moonshot and have a immediate, like, we're gonna start earning revenue in the first 90 days. Um, you know, Abundance 360 began as, as something like that.

• 15:09Peter Diamandis?

  I was able to fund it myself and, you know, the first year charged something that was super affordable and I sold it one at a time and then grew it from there with a vision of impacting millions of entrepreneurs around the world. I mean, I think, so having both, because when you're selling your idea, you want to say, and we have revenue and, and, uh, and customers who are excited and they're sharing their ideas, but this is where we're going. This, this is what wakes you up, that, that moonshot wakes you up in the morning. It isn't the, you know, $10,000 in revenue that wakes you up in the morning, but the moonshot does.

• 15:48Speaker 04

  Yeah, yeah, yeah, the, I love that. I think the way I think about it too is kind of like, what's the big massive problem you want to solve? But what's the roadmap to get there, right? It doesn't have to be that you immediately go to there, but what's the, what's the adjacent problems along the way in order to get to that big moonshot and problem? So that's what I've been trying to.

• 16:07Peter Diamandis?

  And when you're doing that, Julian, you're establishing yourself, establishing yourself as a thought leader. You're beginning to build in, uh, a cadre of, of customers and thought partners that are going to support you and you can then enroll them in, in the moonshot and enable them to be on that journey with you.

• 16:28Speaker 04

  Great. Yeah, love that. Cool. Awesome. Final topic I had here is fundraising. This is a tough one, given market conditions.

• 16:36Peter Diamandis?

  Yes.

• 16:37Speaker 04

  So yeah, so we've, for context, raised the pre-seed round of $220,000 at an $8 million valuation five months ago. We started raising like two weeks before markets kind of went crazy. And so we currently have 70K left in the bank and we want to start raising again in a month to two. But as I've told you, we're in a bit of a tight position without having like great traction yet. And tested whether this new idea around gratitude will work. So curious like, you know, how, how can we best prepare ourselves and be in a good position to fundraise? And maybe even like, do we keep the same valuation? Do we lower it because the market conditions have gone down? How do you communicate that to investors?

• 17:18Peter Diamandis?

  Sure, sure. And for people listening to this podcast, if you want to check out Julian's program, it's www.mindflow.gg. And so go check it out and see if you want to join, I will. So listen, we're gonna, I'm sure fundraising is going to be an important conversation for others as well. So I'll take a minute to discuss it and we'll double down with others too. And I'm going to do an entire moonshot mindset podcast, probably a number of them on fundraising. Because if there's anything I consider myself an expert at over the years, it's been fundraising and I've raised billions of dollars for 26 startups over the course of the, over the last few decades.

• 18:01Peter Diamandis?

  So in any startup, people are principally investing in you. That's what you have to remember. At the earliest days of any startup, they're not investing in the company. They probably don't understand it. They're investing in you. And so they want to see you succeed. And so in the earliest days, it really is what's called friends and family. It's people who, you know, see you as an extraordinary entrepreneur. They're excited about the level of passion you have and they want to help you.

• 18:37Peter Diamandis?

  Fill that passion. And, you know, one of the things I always warn entrepreneurs about is raising your valuation too fast, especially now, because it's hard to do down rounds. And at the end of the day, especially if this is early in your entrepreneurial career, you know, owning, you know, the majority of the company at the end and having it not succeed versus owning a smaller percentage and having it properly capitalized and succeed. You know, this is not your first and only company. It may be, I mean, you may be a Zuckerberg and it's like you're just going to do Facebook and that's it.

• 19:20Peter Diamandis?

  But chances are it's going to be one on a number. And so what you really want out of this is to return investment to a return to your investors. You want to increase your status as an entrepreneur. You want to learn when to deliver a product and you don't want to be spending all of your time fundraising. So make it a good deal for your early investors, right?

• 19:44Peter Diamandis?

  And that is, and we'll touch on fundraising, I'm sure with a few other people on this call. So let me pause there and, and say, you know, during harder economic times, it's even more important to find those who want to support you as an entrepreneur and back you as an entrepreneur. And allow yourself to give them a good deal. And at the end of the day, if the company succeeds, you'll get additional, you know, CEO warrants and, and you'll do fine. So Julian, thank you for your passion. I love it. And thanks for your questions, pal.

• 20:26Speaker 04

  Thanks so much, Peter. Appreciate it. Grateful for you.

• 20:29Peter Diamandis?

  Thank you. This episode is brought to you by Levels. One of the most important things that I do to try and maintain my peak vitality and longevity is to monitor my blood glucose. More importantly, the foods that I eat and how they peak the glucose levels in my blood. Now, glucose is the fuel that powers your brain. It's really important. High prolonged levels of glucose, what's called hyperglycemia, leads to everything from heart disease to Alzheimer's to sexual dysfunction to diabetes, and it's not good. The challenge is, all of us are different. All of us respond to different foods in different ways. Like, for me, if I eat bananas, it spikes my blood glucose. If I eat grapes, it doesn't.

• 21:10Peter Diamandis?

  If I eat bread by itself, I get this prolonged spike in my blood glucose levels. But if I dip that bread in olive oil, it blunts it. And these are things that I've learned from wearing a continuous glucose monitor and using the Levels app. So Levels is a company that helps you in analyzing what's going on in your body. It's continuous monitoring, 24/7. I wear it all the time. It really helps me to stay on top of the food I eat, remain conscious of the food that I eat, and to understand which foods affect me based upon my physiology and my genetics. You know, on this podcast, I only recommend products and services that I use, that I

• 21:51Peter Diamandis?

  use not only for myself, but my friends and my family, that I think are high-quality and safe and really impact a person's life. So, check it out. Levels.link/peter. Give you two additional months of membership, and it's something that I think everyone should be doing. Eventually, this stuff is going to be in your body, on your body, part of our future of medicine today. It's a product that I think I'm going to be using for the years ahead, and hope you'll consider as well.

• 22:20Speaker 03

  Awesome. Thanks, Julian. Now, we have Yali.

• 22:23Speaker 05

  Hi, how are you, Peter? It's so good to see you again.

• 22:26Peter Diamandis?

  Good to see you, too.

• 22:27Speaker 05

  Yeah. I'll be very brief, because I want to, you know, there are other people. So, I have two moonshots. One of them is teaching people how to prepare for the future. And what is... Okay, yeah. I think we... Well, this is why you have the moonshot, and this is why you created the podcast. So, what is happening right now is that I became, you know, quite a known lecturer in Israel. So, I'm working with the intelligence, with the military, with the IDF, with the big corporates. But... It's not, first of all, it's not sustainable. I mean, I'm doing it, but it's random. This is one thing. And more than that, I don't think this is enough. I think I should go for the, I should go further, and I don't know what is the next step.

• 23:11Speaker 05

  How can I create an organization that will teach people how to think about the future, how to prepare themselves? I think this is, so this is the first thing. The second, the other moonshot that I'm working on is preventative medicine, which is the holy grail of, yeah. Well, mainly early detection. So right now, for example, I have a client, 1,000 people, it's a group, and I'm creating for them now a roadmap, how to, I mean, really adopt all the new tools, Garelli and so forth, in order to have, you know, early detection and so forth. So there, it's a little bit, it's a little bit trickier, because I'm not a doctor, I'm not an M D., but I have some ideas already. But regarding the first M P P, which I'm extremely passionate about, anything you can, you know,

• 23:54Peter Diamandis?

  Yes, yeah, I have, I have concrete advice for both of them. And it's the same advice, which is not focusing on everybody and focusing on a very, initially, a very narrow niche. So in teaching about the future, instead of saying, I'm going to teach everybody about the future, which group are you going to teach about the future? Is it going to be kids aged 15 to 18? Is it going to be parents? Is it going to be military, you know, advisors?

• 24:34Peter Diamandis?

  I think one of the most important things for you to do is to more clearly define your target. Right? We talk about when creating a massive transformative purpose, an M T P, you know, what you want to do and to which group you want to focus and, you know, what you want to accomplish. The more narrow the group, the more you're going to find yourself succeeding. Um, because you're going to dig down into that. So, uh, for example, um, and I don't, you can tell me more, but you know, maybe it's high school kids in Israel. Maybe it's high school kids in Tel Aviv specifically, right?

• 25:17Peter Diamandis?

  And, and it's get that going, get that successful and then broaden uh, your scope after that. Because what happens is when you narrow geography, age range, all of those things and focus in, you could very quickly identify what is it they need? What's the point of entry? Who are you going to work with? How are you going to measure the results that you're creating? And when that begins succeeding, because if you're, if you're trying to serve everybody, you're serving nobody. Um, but when you narrow it down and focus in, you create this incredible um, ability to have the largest impact and success in that group.

• 26:01Peter Diamandis?

  There's a rapid feedback cycle like we spoke about uh, to some degree with, with Julian, because you can ask what they need. You can ask the parents, the teachers, whatever it is, what their kids needs, what their hopes are and serve that. And then on success, you can then go broader. The example for me was uh, for me, the X Prize Foundation. Right? Um, when I started the X Prize back in nineteen ninety-four, we launched it in nineteen ninety-six. This is, you know, twenty-eight uh, years ago, thereabouts. I didn't say I'm going to create a platform to solve the world's biggest problems. I said, I'm going to create a prize for spaceflight. In fact, a prize for suborbital spaceflight.

• 26:46Peter Diamandis?

  You know, a very narrow niche. And I was able to find the right people, get it focused. Only when that succeeded, um, was I able to then begin broadening the scope of what we did. So that's for me, one of the most important things that entrepreneurs need to be thinking about early in their career is is real uh real focus. Does that make sense?

• 27:14Speaker 05

  Yeah, totally. I just want to say that what is happening, because I'm coming from strategic planning for big corporation. I know what what what they need, but what it what is very interesting is you find the immune system of the of the corporates. There. So what they do.

• 27:30Peter Diamandis?

  So along yeah, along those lines, I mean, the work that Salim Ismail does with exponential organizations, right?

• 27:38Speaker 05

  Yeah.

• 27:38Peter Diamandis?

  And and, um, you know, I'm happy to connect you with Salim, but that's what he does. He has a with his organization, Open EXO, uh, Salim has a process in which he goes into companies. He uh helps them find their MTP, helps them uh create their their moon shots and and identify their immune system and so forth. But it's a process he's created, but it's one company at a time. Right? It's not all companies. It's one company at a time and maybe, you know, maybe working with him would be a good, you know, becoming one of his team members there.

• 28:18Speaker 05

  Okay, and about about the the other MTP, I mean, any other other same points?

• 28:23Peter Diamandis?

  Yeah, on the longevity front, so um, listen, I think giving people a roadmap is a really important uh process. Um, and you don't need to be a medical doctor. Uh, in fact, the best

• 28:42Peter Diamandis?

  support for this is going to be understanding where is a person today in their health status? You know, honestly, evaluating where are they on food, you know, diet, exercise, sleep, um, medicines, uh, all of those things, mindset, and what is it their biggest complaint? And then what is a journey for them to take? Now, um.

• 29:09Peter Diamandis?

  I think that there is a lot of technologies coming to enable that. A lot of this is going to be AI-based. A lot of this is going to be closed loop where I'm measuring, right? I've got my Oura ring, I'm wearing a Levels continuous glucose monitor. I've got my Apple Watch. And a lot of that is going to be coming more and more. We're measuring everything all the time. And eventually, it's going to be our AIs that are gathering this data and advising us, right? So I walked this morning for 30 minutes to get here instead of driving my car. Why? Because I try and get 10,000 steps a day.

• 29:51Peter Diamandis?

  Now, one of the things you need to think about, or I encourage you, you know, need to think about,

• 30:01Peter Diamandis?

  you know, need to think about is that where is this going? So I think I've shared this story before, which is the founders of Siri, who were creating Siri before they sold it to Apple. I was having dinner with them at the early days of A360, I'm sorry, of Singular University. And they told me a story that has never left me. They said, you know, when we started this company, the technology to build what we envisioned did not exist yet. And we had to project where the tech would be in three years.

• 30:43Peter Diamandis?

  And we built the product and service to intercept where the technology would be three years from now. And that always seemed amazing because if you build a product or service based upon the technology that exists today. By the time you launch it, it could be out of date. And so how do you build something that's at least going to incorporate the technology? So, you know, we're seeing what companies like OpenAI with ChatGPT and what Stable Diffusion and DeepMind, all of these AI platforms are creating.

• 31:26Peter Diamandis?

  And it's hard for me to imagine that they're not going to become to some degree, your AI health coach or your AI longevity coach. So with that coming, what would you start thinking about today? That would enable you to utilize those technologies a year, two years from now?

• 31:52Speaker 05

  Wonderful, thank you. I'm going to be, Daniel Kraft now is starting again, not the exponential.

• 31:58Peter Diamandis?

  Yes, next, next, yes.

• 32:00Speaker 05

  Yeah, and then I'm going to come to us, so to our meeting. So yeah, yeah, definitely.

• 32:05Peter Diamandis?

  Beautiful. A pleasure. I hope that was useful.

• 32:09Speaker 05

  Thank you. It was very useful. Thank you so much. Thank you so much.

• 32:12Peter Diamandis?

  Great, great.

• 32:13Speaker 03

  Awesome. Thank you, Yali. Now we'll have Nasuki.

• 32:16Speaker 06

  Hello, Peter.

• 32:18Peter Diamandis?

  Hi, Nasuki. A pleasure. Where are you calling from?

• 32:23Speaker 06

  The United States.

• 32:25Peter Diamandis?

  Okay.

• 32:26Speaker 06

  Yeah, so first of all, I would like to say thank you because, you know, I started reading your work when I was 15. And, you know, it inspired me to, you know, go after my NTPs and I would like to just say thank you because, you know, it inspired me to actually do something in the world. So, yeah.

• 32:45Peter Diamandis?

  My pleasure.

• 32:47Speaker 06

  Yeah, because, so I'd like to ask you this question as icebreaker first because you're like the biggest, world's biggest longevity junkie. So I wanted to ask you eternal, eternal youth or eternal life?

• 32:59Peter Diamandis?

  Oh, fantastic. How old are you, by the way, Masuki?

• 33:03Speaker 06

  I just turned eighteen, a few months ago.

• 33:06Peter Diamandis?

  Listen, first of all, I love it that you're having these conversations at eighteen. I have two eleven-year-old boys. I hope that they have the same spirit you have when they're eighteen. So, uh, thank you for that.

• 33:21Peter Diamandis?

  So that's a great question. You know, I used to joke, one of my Peter's laws is when given a choice, take both.

• 33:29Peter Diamandis?

  You know, eternal life undefined is,

• 33:34Peter Diamandis?

  you know, without having the energy, the spirit, the curiosity, the vitality to be, you know, no one wants to be alive in a wheelchair brain dead. So it really is gonna be, it needs to be a mix of the two. I think, I mean, what I want us to work towards in the work that I do is having the vitality, the energy, the cognition, the aesthetics, the mobility, at a hundred that you had when you were, at least for me, when I was forty, fifty, sixty. I don't need to be twenty. But that would be nice, too. You know, I jokingly, I don't jokingly say, I say, you know, we have the same genes when we're born, when we're eighteen, when we're fifty, when we're eighty, when we're a hundred.

• 34:17Peter Diamandis?

  We look differently because different genes are on and different genes are off. So can we discover that that means? But

• 34:28Peter Diamandis?

  I don't have an A or B answer for you, my friend.

• 34:33Speaker 06

  All right, then, that's okay. Anyways, um, my question for you today is, I'm building a blockchain project. I'm building my own blockchain. And so far, it's a side project right now, but once I'm done, I would like to know where exactly do I start with building an audience and finding investors? Because right now, you know, I'm a nobody right now, so, you know, I have to get my voice out somewhere. You know, I have to start somewhere. So I would like to know, where do I start? What's your advice on that?

• 35:06Peter Diamandis?

  So we'll come back again. I think, you know, no bucks, no Buck Rogers. Probably you don't know what that means. Buck Rogers was a rocket ship guy fifty years ago. But the idea is you need capital for sure. In the early days of a pure startup, the capital is your sweat labor. It's you and your friends investing your time and your energy and thinking through the idea. And you're going to go one of three places for early capital. The first place is going to be friends and family.

• 35:47Peter Diamandis?

  And that means, you know, moms, dads, uncles, mentors, individuals who are who you're going to take. It's staging, like you stage a rocket, your first stage is your sweat capital. It's thinking it through, it's doing the work, it's showing diligence. And by the way, one of the tricks here is in stage one, going to people that could potentially give you friends and family capital and don't ask them for anything. Just say, ask them, you know, I want to share with you what I'm doing. I don't have any asks. And maybe ask them for some advice, get them interested in what you're doing at the early stage.

• 36:30Peter Diamandis?

  And then when they watch you succeeding and they watch you making progress, they have increasing confidence in you. So that then you get to a point where when you go and ask them for seed capital, they have seen you start at zero and get to one. And now they want to help you get from one to N. There's an incredible book, one of the best fundraising books I've ever read. It's a kid's book. It's called Stone Soup.

• 37:09Peter Diamandis?

  Have you ever heard of stone soup?

• 37:11Speaker 06

  No, I'll take note of it though.

• 37:13Peter Diamandis?

  Yeah, so what hap- I'm gonna tell a story in short and I'm gonna not take this away from your time. Um, so there, this takes place in the French wars of the seventeen hundreds. Three, uh, three soldiers are coming back from the war and they're, they're hungry. They haven't eaten in days and they are approaching a village. The villagers see the soldiers coming and they say, hide, hide all your food. Uh, you know, the hungry soldiers are coming into town. And so the soldiers come into town and they knock on the door and they say, may we have some food? And they say, I'm sorry, we have none. We had a bad harvest. Next door, no, I'm sorry, uh, our food was stolen.

• 37:56Peter Diamandis?

  Next door, they had hidden all their food and the soldiers are out of luck. What happens next is, uh, the soldiers have an idea and in the village square, they say to the villagers, uh, dear villagers, we're gonna make stone soup. And the villagers go, what's stone soup? And they say, we're gonna make soup from stones. And the villagers go, this is something we have to see in, in the, in the, uh, out of curiosity. And, uh, the soldiers say, do you have a cauldron and some firewood? I have a cauldron. I have some firewood. And they bring it in and they put the water to boil. They find three stones and they put it in the cauldron.

• 38:38Peter Diamandis?

  And then, uh, they're mixing it and the villagers are going, man, you know, soup from stones. I need to see this. And then the, the soldier goes, man, if we only had some celery and some carrots would be so much better. And one of the villagers goes, I have some carrots. I have some celery and they add it into the mix. And then if we only had some barley, if we only had some beef and slowly, all the villagers start contributing parts to this soup.

• 39:07Peter Diamandis?

  And eventually, the soup is done and everybody feasts together. And, and the villagers go, "That's amazing. This is the, you know, soup made from stones." It's one of the best stories for, for fundraising because it's very true. Okay, coming back to you, uh, having the people who you will eventually ask for money, watch you making progress, and then going to friends and family, that's one category. The other category of potential investors are your customers. And so this is where you might go to a Kickstarter campaign. And, um, and get your potential customers to pre-purchase your product or service,

• 39:52Peter Diamandis?

  um, and give you advanced sales. And because of things like Kickstarter, it's almost possible these days to build a product or a service and not need dilutive capital. The third area is potentially, um, your suppliers. And here I have another story. I was running an organization, uh, at MIT called SED, Students for Exploration and Development of Space. And I remember I needed money to print the newsletters and to mail them out. This is before the internet, in the deep dark ages when you produced a, uh, something and you mailed it out.

• 40:33Peter Diamandis?

  And I went to, uh, DARPA Labs, not DARPA Labs, it was, uh, Draper Labs at MIT. And I went and met with the heads of Draper and was pitching them on $5,000. And at the end of the day, um, they said, "I'm sorry, we can't make grants. That's not the kind of organization we were, we are." And I, and I was like, "Ah." And so I was leaving the, uh, leaving my meeting and I paused at the door. And I turned around to the head of Draper and I said, "You know, um, do you have a printing press?" And a mailroom, could I ask you to print our newsletters and mail them for us? And they said, sure.

• 41:19Peter Diamandis?

  And so rather than getting money, what I got were the services I wanted the money for in the first place. And I got far more than the $5,000 I want because they printed our newsletters and mailed them for five years, which was probably like $50,000 worth of services. So that's again, some ways of thinking about jump starting in early days.

• 41:42Speaker 06

  What about the audience part?

• 41:43Peter Diamandis?

  Yeah, the audience part is is really about creating viral growth. And so when you're creating a product or a service, how do you incentivize the early adopters who are again, friends and family, people that you know, it's getting to folks that help spread it. But how do you build into your product or a service? A viral component where it's in their best interest to share your product or service with somebody else. And I think that's really some of the most extraordinary companies are the ones that are viral.

• 42:23Peter Diamandis?

  If you can eventually get to a platform where you enable other people to make money using your using your technology, they will promote the hell out of what you have for their best interests. So you need to be thinking about their best, you know, how do you help them? Fulfill their objectives, whether it's capital or audience, whatever, how do you build that in to your design from the beginning?

• 42:51Speaker 06

  All right. And then I have one more question, one more question. I think I think a few years ago, maybe, yeah, I'm pretty sure a few years ago, you talked about releasing abundance 2.0. The 10 anniversary. I remember that. I read all your books. It's good stuff.

• 43:08Peter Diamandis?

  So yeah. Thank you. Stephen Kotler and I both continue talking about it and the story for abundance has gotten better than ever. You know, we just saw the announcement on Fusion yesterday.

• 43:27Peter Diamandis?

  I've got two other books in the works and then hopefully to Abundance 2.0, a book on the exponential organizations playbook that Slim and I are writing, which will come out in Q1 of 23. And then I've got a book on moonshots and mindsets to help people find their MTP, to help people build an abundance exponential longevity and moonshot mindset. And that will be hopefully by the end of 2023. And then I deeply want to do Abundance 2.0.

• 44:09Peter Diamandis?

  We've actually, Stephen and I have outlined it. We have a half a proposal written. It's so busy. So, but thank you for asking. All right. Thank you. Thank you so much, sir. My pleasure. Thank you.

• 44:23Speaker 03

  Awesome. Thank you, Nishik. Now we'll have Diana.

• 44:26Peter Diamandis?

  Hi Diana.

• 44:28Speaker 07

  Hi Peter. First, thank you for all you do. I mean, I find you so inspiring. I appreciate your focus on the growth, on growth and their gratitude mindset and your focus on agency for us to create a better future for ourselves. And you've inspired me to focus on my MTP. I do it when I can because I have a full-time job that I need to do. So my question for you is related to building and scaling a niche community for maximum impact in the shortest amount of time. So I want to give you some context. I'm guided by the Seventh Generation Principle, based on the Hodeinoshoni philosophy. This is First Nations Confederacy

• 45:13Speaker 07

  in the Northeast North America, that our decisions and actions today should result in a sustainable world seven generations into the future. You know this, that's what you do. That's what the moonshots are all about. And in collaboration with singer-songwriter and environmental activist Phil Madden, we're building out activist360.co.

• 45:34Peter Diamandis?

  Okay.

• 45:35Speaker 07

  It's a moonshot community that's protecting our planet for future generations. So when I say "community," this is the part that I really want your advice on. When I say "community," I'm asking about composition and momentum. So in terms of composition, the baseline is communication that includes integrity, respect,

• 46:00Speaker 07

  speaking factually, being less myopic and low ego, being more holistic and symbiotic, and understanding the interconnectedness of everything. So, in essence, operating at a higher level of maturity and achieving a greater purpose. And when I speak of momentum, I'm asking about adding speed to building that baseline community,

• 46:25Speaker 07

  you know, to achieve momentum. So I know that's hard, because if you look at all the communities now, we're not operating at a higher level in many communities, you know. Anyway, so I'm interested in your thoughts and suggestions on that.

• 46:40Peter Diamandis?

  Sure. I mean, obviously, what you're proposing is beautiful and desirable. The question is, how do you how do you bring that community together? And how do you make sure it's actually aiming in the right direction and achieving things? My first reaction is

• 47:04Peter Diamandis?

  twofold: one, you get what you incentivize. And the second is, without a target or without metrics, you'll miss it every time. So, what are my thoughts there? You named a number of elements in the Seventh Generation Principle and in your personal moonshot there. One of the questions is, can you make those elements actually objectively measurable?

• 47:41Peter Diamandis?

  And can you then create a means for applying a score to those?

• 47:49Peter Diamandis?

  And then if in fact, members of the community can be scored objectively, that's the hard part. It could be by the actions they take, it could be by vote of the community, it could be by a number of things, but objective

• 48:07Peter Diamandis?

  or it could be subjective, but from multiple directions. So it's it's real. Um, how do you then give people a measurable score and create a little competition? Or incentivize them to go higher and higher on that score? The closest analogy, Diana, I have is I'll share with something I call the impact pledge idea. Um, you know, there's something called the giving pledge, which which Bill Gates and

• 48:46Peter Diamandis?

  and Warren Buffett had put forward that says you have to give away half of your wealth while you're alive and so forth. And I'm like, kind of doesn't make sense that that actually does anything. It's like you can give your wealth away to a nonprofit that does nothing with it. Or, you know, you still can't take it with you. So what are you going to do? Die with it? I mean, so giving your wealth away, half your wealth away without having it have meaning for me is kind of meaningless. And so I put forward an idea that someday I want to operationalize. I call it the giving pledge. Where I said, what if instead individuals

• 49:29Peter Diamandis?

  pledge to make a specific dent? Tony Robbins is doing this right now. We'll be talking about it at Abundance 360 this year where uh, he originally pledged to fund a billion meals, uh, which he did in a measurable fashion. And now he's pledged and to pull together a consortium to fund a hundred billion meals. Right? And he's focused on growing trees and and preventing child trafficking. But imagine if anybody, especially those who are means, could publicly put forward their pledge, like this is what I'm going to do. And this is how I'm going to measure it.

• 50:13Peter Diamandis?

  And I'm going to report on it every year. Um, for me, that kind of setting, you know, choosing your target and then committing to it and measuring it and then inviting other people to join you in that in that process. But measuring it is one of the key elements. A little bit of collaboration and competition is another key element. Does that ring useful in any way?

• 50:42Speaker 07

  Yeah, absolutely, it does. And it's a it's it's something that I didn't even I didn't I knew about the Giving Pledge, but I never made that connection. So I appreciate that um, that direction. Yeah, it's very helpful. Um.

• 50:56Peter Diamandis?

  Please.

• 50:57Speaker 07

  So like for the met, that seems awfully difficult to do, though. Do you have any tools or or? I mean, I know that you mentioned the competition is one way, but.

• 51:07Peter Diamandis?

  It is. It is a challenge to do. Um, and a lot of times, simple measurement is uh, is all you need to get people there. Um. And I don't have an answer uh, in specific, right? Um. But if you, you know, I mean, when we measure things, we might measure our our likes and our Twitter followers and and things like that. But people play that game of how am I how am I doing on getting those those numbers up? Um, if if you're, you know, so let's let's

• 51:48Peter Diamandis?

  narrow in a little bit. Give me a very specific example in what you want to do so we can talk about it.

• 51:56Speaker 07

  So I want to hear from experts. So I want to hear, like, for example, from the people who are um, coming up with solutions like the like the like the uh, fusion ignition that you mentioned earlier on energy. Um.

• 52:15Speaker 07

  So I I want, we hear a lot about the problems that are happening with the climate crisis, but we don't hear a lot about the solutions or the people that are that are working on it right now. Uh, so I want to hear from them and I wanna, I I wanna learn.

• 52:29Peter Diamandis?

  You want to create, you want to aggregate the platform where they talk about it?

• 52:34Speaker 07

  Yeah, so where the where the people that that are concerned about those issues are also learning about things and and that that people are doing to solve them. So it's not just an echo chamber of everybody saying, we're we're ha- we have a climate crisis, but there's also multiple viewpoints and other viewpoints of here's some solutions that are happening right now that are actually in play for the future, uh, that'll look a lot different than what it looks right now.

• 53:02Peter Diamandis?

  So, um, two thoughts there. Number one, uh, sometimes it's easier to build on a pre-existing platform, uh, than to, uh, try and build your own platform. In other words, go to where the the traffic is already and become a a a voice of that aggregates. So, one of the questions is, you know, is it, is it a Facebook group? Is it on Twitter? Is it on, you know, I I don't have an immediate answer for you there, but understanding a platform and then,

• 53:41Peter Diamandis?

  uh, being able to invite experts to come in, um, and, uh, and give, you know, having a having a very clear question. Listen, you can get, you can get a little bit of people's time, uh, no matter who they are, if you make it really easy for them. What do I mean? It's make the question you ask super simple, uh, and make their ability to answer it super simple. Imagine if you sent someone an email saying, I aggregate communities

• 54:19Peter Diamandis?

  uh, around energy and this community has a question for you. Short question, could you respond with a fifty or a hundred word answer? And then taking that answer and putting it in the community. Make it so simple, the person doesn't have to link any place, all I have to do is hit respond on an email. I like to say, you know, when I'm sending out emails to people, my easiest thing is, please respond yes or no. I mean, it's making it as easy as you can. And then the chances are you'll get a response. If you're got a long, lengthy email someone has to read.

• 54:58Peter Diamandis?

  You know, honestly, uh, time, you're stealing time. So make it super simple. And then as you get more and more of an audience and more and more, then in fact, so that's one idea.

• 55:14Peter Diamandis?

  Another is, I'll just mention to you where X Prize is going. We are heading towards a program we call Abundance, I'm not Abundance 260, we call Global Visioneering, which will be a four day event. And we're going to focus on five areas, probably energy, the environment, education, healthcare, exploration, biodiversity, might be the five. And our mission is, during this four day event, for each of those areas, not to, you know, moan about the problems, but to deliver all the technologies and all of the approaches that are working on solving it.

• 55:59Peter Diamandis?

  Right? It's solution oriented mindset in those areas where we aggregate experts. So when that eventually gets built out, that will become a platform that you could build on top of and utilize. And I hope that will be our first one could be as early as October of next year, a mini version and then grow from there.

• 56:23Speaker 07

  Well, I'll start before then, because I'm already starting, but maybe when it's ready, I'll switch over. Alright, thank you so much, Peter. It was lovely.

• 56:31Peter Diamandis?

  A pleasure. Thank you for your time. A brief note from our sponsors. Let's talk about sleep. Sleep has become one of my number one longevity priorities in life. Getting eight deep uninterrupted hours of sleep is one of the most important things you can do to increase your vitality and energy and increase the health span that you have here on earth. You know, when I was in medical school years ago, I used to pride myself on how little sleep I could get. You know, it used to be five, five and a half hours. Today, I pride myself on how much sleep I can get, and I shoot for eight hours every single night. Now, usually, I'm great at going to sleep. If I'm exhausted, you know, I've worked a hard day, I'm right out. But if I'm having difficulty, and it occurs, I'm having insomnia, or my mind's overactive,

• 57:13Peter Diamandis?

  and I need help to get that eight hours, I turn to a supplement product by Life Force called Peak Rest. Now, Peak Rest has been formulated with an extraordinary scientific depth and background, includes everything from long-lasting melatonin, to magnesium, to L-glycine, to rosemary extract, just to name a few. This product is about creating a sense of rest, and really giving you the depth and length of sleep that you need for recovery. It's a product I hope you'll try. It works for me, and I'm sure it will work for you. If you're interested, go to mylifeforce.com/peter to get a discount from Life Force on this product, but you'll also see a whole set of other longevity and vitality-related

• 57:58Peter Diamandis?

  supplements that I use. We'll talk about them some other time, but in terms of sleep, Peak Rest is my go-to supplement. Hope you'll enjoy it. Go to mylifeforce.com/peter for your discount.

• 58:10Speaker 02

  I'm just gonna hop off mute and say two things. One, Peter, on your note about writing an email, our most-read blog on diamandis.com/blog is how to write an email. Peter wrote that blog himself, so if you're curious, go have a look, and it's really good. I've learned actually a lot by reading it, and we publish that twice a week, so feel free to sign up if you'd like.

• 58:33Speaker 03

  Awesome. Now, David.

• 58:35Speaker 08

  All right. Thank you, Dana. Thanks, Peter, for taking the time. Also, Dana, thanks for the organization, Nick, as well. Really, really great. And also, thanks to everybody else. I mean, I had the advantage of hearing, you know, all the other stories. Damn, that's impressive. Now, okay, how can I change that up a little bit? So what I'd like to do is actually zoom out of the entire business context and look a little bit more at the person behind the business. And talk about something that is, well, dear to my heart, I assume, Peter, to yours as well, and many entrepreneurs too, which is how to be a good parent while at the same time

• 59:16Speaker 08

  not letting go of the ambition that you have, you know, making the world a better place and building your businesses. And to give you a little context, and also, Peter, why, why I really wanted to talk to you about that is, I listened to a podcast on interview that you gave, two thousand and eighteen, and you were talking about your upbringing, your own ambitions, and your kids. And back then, they were six. You were just mentioning that you're seven years old now. And, you know, if you fast forward now, these couple of years, so we, you know, my wife and I, we're both trying to build a business. We have two kids, one is two, the other one is four. And, you know, kids just turn your life upside down.

• 59:57Peter Diamandis?

  Yes, a hundred percent.

• 59:58Speaker 08

  And, and I know there is no silver bullet, but I'm still looking, you know, for someone, and you're certainly further, you know, down the path with your your kids being older and also professionally, there must be some nuggets, you know, that all of us can actually take away from that.

• 1:00:15Peter Diamandis?

  Well, you ask a critically important question, right? Because I would say being a father

• 1:00:26Peter Diamandis?

  is probably the most important thing for me. Being a great dad and having kids added a brand new dimension to my, to my life. I'll talk about myself specifically, and then happy to have you asking the question. So I waited till I was fifty to have kids. I'm sixty-one now. And that was um for a number of reasons, uh but it was a big advantage. A because I the turbulent part of my career was had settled out. You know, the point at which I could take risks and not worry about anything other than, you know, did I go have to go find another form of of income?

• 1:01:11Peter Diamandis?

  So with your family, you have a secondary responsibility or a primary responsibility of making sure you're able to support them and it limits to some degree the risks you can take. Um, so I just note that because it isn't possible for everybody. But that made a difference for me. And then the other secondary benefit is having young kids keeps you young. So uh it's uh it's definitely uh a great secondary benefit. I used to say, and I still believe that the most important thing I want for my kids are three things. Uh uh one is uh for them to find their passion, which today for them is is video games. It is, and it's interesting, right?

• 1:01:54Peter Diamandis?

  Because I've had lots of debates and discussions around um.

• 1:02:02Peter Diamandis?

  Is that healthy or unhealthy? I've seen both sides of the debate. I think it's probably uh Nick going to be a good podcast for us to bring a couple of folks in and and talk about that. My sister was adamantly against it and then she sent me a note saying, oh, this research says it's actually good for them. And so we'll we'll see um uh you know, there are kids, your children, mine, are going to live in the virtual world to a large degree. And they're going to live in the metaverse and the skills that they're learning in these games are skills that are going to map much better than the skills that I grew up with are going to map. And they're digital natives.

• 1:02:43Peter Diamandis?

  Um, so the first was um for them, the first goal was finding their passion. For me, everything I've done in my life came from my childhood passion of wanting to open up space. I it was intrinsic motivators, meaning I was doing this for myself because I was personally excited about it. And that drove. Me, um, you know, my parents wanted me to become a doctor and I felt that tension and I went and became a medical doctor to make them happy. But it wasn't what I really wanted, so I'm very cautious not to burden my kids with my desires for them, other than for them to be purpose driven and happy.

• 1:03:23Peter Diamandis?

  Um, the second, uh, what I want for them is to ask great questions and so we'll play games around, okay, what's a better question you can ask about that? Uh, and then the third was grit, not giving up. Um, and by the way, video games are really good at teaching you grit and not giving up to a large degree.

• 1:03:46Peter Diamandis?

  So the balance between being a dad, uh, raising a family and, and, uh, and being an entrepreneur is interesting. I was on stage with Tony Robbins and I said, Tony, talk to me about, uh, work-life balance and his, his answer surprised me and, uh, I've totally accepted this, which is, he said, there's no such thing as work-life balance. There's work-life integration. And so how do you integrate your work and your life together? And I think, uh,

• 1:04:30Peter Diamandis?

  when you're, have a spouse or a, a partner, that's got to be an active conversation.

• 1:04:38Peter Diamandis?

  And if you're both working in the business, it's unless you have the means to have, you know, third-party support, mother, mother-in-law, nanny, whatever the case might be, it can become challenging, especially, um, if both, I don't know what your relationship with your wife is in the business, if you're just equal partners, whatever, but. Separate businesses, actually. Oh, separate businesses. Okay. Well, that's better. I, I, I think it's challenging to be working in the same business, but in separate businesses, you're still, it's like, you know, my business isn't less important than your business, so why should I be doing this, right? So, um, it is about all opening communications. It's tough.

• 1:05:21Peter Diamandis?

  Uh, because your business is a child, you're raising that that child as well. Uh, what are the questions you have? I'm just sharing openly how I think about it.

• 1:05:34Speaker 08

  Yeah, fascinating. Thanks for that. It's, I was wondering, especially when it comes to, you know, you were mentioning earlier as well, like it's super um. Intense, right? Your day to day probably is also very intense. There's a lot of things going on. And one thing that I always try is. I'd like to be on the one hand available, of course, for my kids, but then also when I'm available, I'm also want to be present. Present not only physically, but also mentally. And that can be really hard, right? You know, you you just come off a meeting or, you know, whether it's during lunch break or whenever, you just rush there. And then you you see them and you know, you have these cute little things in front of you and you try, okay. How do I just be present right now? So I wonder whether you have.

• 1:06:17Peter Diamandis?

  Yeah, a hundred, a hundred percent, right? So I'm. What I try and do is have windows of time, like all day Saturday. Um, it's like I take, unless it's an emergency, I'll take no meetings and it's all about them. On Monday afternoons and evenings and Tuesday afternoons and evenings. So I've set aside time where. I'm doing my very best to prioritize them. Another trick that I did. And uh, it's worked well is I bought a watch on Etsy.

• 1:06:57Peter Diamandis?

  I don't have it on right now, but the on the face, it says now N O W. And that's it. It's a, it's art, it's not digital. It just says now. And so, you know, I'm so habituated at looking at my watch to see what time it is, to see what's next. And whenever I do that, it says now, it's like, okay, be present. Right? It's a reminder to be to be present. And I put that on on weekends uh, and on vacation.

• 1:07:28Peter Diamandis?

  And that's, you know, that's part of it, but being, being present and not having your mind someplace else. Uh, it's tough as a driven entrepreneur uh to, to do that, but it's so important. The last thing you want your kids to feel is your lack of presence because it makes them feel unimportant. You know.

• 1:07:54Speaker 08

  Exactly. And there's maybe then one segue in uh into another question with it. You mentioned, you know, you started later uh with kids, right? Because you mentioned, okay, you first wanted uh to, you'd have to be able to take that risk and then progress uh with, with the companies that you started as well. Now, but I'm thirty eight, right? So the oldest is four years old now. And so that's a little different in terms of the setting. I wonder just from your experience, if you, if you're looking back now, if you could transform yourself back into thirty eight years and having kids, what would be your advice? Like how, how to approach maybe life, the business, the family? Maybe you have a couple of thoughts?

• 1:08:32Peter Diamandis?

  Yeah. So there's one, one frame I would offer you.

• 1:08:39Peter Diamandis?

  You have a hundred years ahead of you.

• 1:08:44Peter Diamandis?

  It's a very different mindset

• 1:08:48Peter Diamandis?

  than if you think I've got thirty years ahead of me until I retire and I've got to make my mark and I've got to do it all in the next. In words, if you think about, if you give yourself permission to think about a much longer timeframe, you can relax a little bit. Um, and you can uh prioritize the kids because uh they're about to start becoming fun.

• 1:09:19Peter Diamandis?

  You know, when they hit five or six uh through, you know, through, you know, for me now, I mean, they're incredibly fun right now. And so how do you give yourself permission to enjoy them and to make part of your job and responsibility for the next five or six years? Uh, to uh, to be a great dad.

• 1:09:44Peter Diamandis?

  There was a piece of advice that was given to me a little bit later in my child raising, but it makes sense. It's like in the early days of your your kid's birth through age nine or 10 or 11, uh, it's being strict and and helping give them guidelines and not being, as my wife calls it, Disney Dad, you know, um, it's like really helping them. And then that's the important part where you're shaping their boundaries and so forth. And then when they post puberty age 13 and and later,

• 1:10:26Peter Diamandis?

  then really trying to become a close friend to them when so they can open up and trust you and and and be with you. So, um, being stricter and being more guiding and, uh, early on and being more, um, connected and friendly later on. And that makes some intuitive sense to me in that regard. But the longer timeframe, I think, is, listen, uh, you know, living healthfully, uh, way over 100, I think, is coming. Uh, I think you're in an amazing, uh, position at 38 to be able to benefit from all that.

• 1:11:10Peter Diamandis?

  And so realizing that you're not going to have your kids at this age range for more than, you know, six to to 10 years gives you permission to focus on them. Uh, then the question is, how do you build out your company? Uh, I've, I have, uh, something I've done as an entrepreneur is gotten to a point where I take the role as chairman or executive chairman of the company and hire a CEO to run the day to day operations. And I've done that in Fountain Life, in X Prize, Singularity University, and, um,

• 1:11:48Peter Diamandis?

  In Life Force, in, in uh, Cellularity and Vaccinity, all of my companies. And so I'm not dealing with the emergency, right? Julie Van Amerungen runs eighty-three sixty and I can do more by staying a level higher and having an amazing partner who runs day to day. And then, you know, if my kid has a baseball game I need to go to, I can say, sorry, I'm not showing up for the phone call, you take care of it.

• 1:12:21Speaker 08

  Well, thank you. Thank you, Peter. Thank you for sharing these personal.

• 1:12:24Peter Diamandis?

  It's important conversation, David. I wish you the very best of luck.

• 1:12:28Speaker 08

  Thank you so much.

• 1:12:29Peter Diamandis?

  Yeah, and, and guys, thank you, everybody. Uh, I, I think Dana, that's our, uh, that's the, the group. Um, thank you for your support in, in building the podcast. And thank you for your passion in making the world a better place. Ultimately, it's entrepreneurs like yourselves that find great problems and solve them. Uh, that makes the world uplifts humanity, right? The world's biggest problems, the world's biggest business opportunities, want to become a billionaire, help a billion people. So.

• 1:13:02Speaker 02

  And um, Peter, thank you for your time. This was really lovely listening to everybody. I actively took notes. If you have any follow-up questions for me and the team, you can feel free to email me at [email protected]. Um, we ended this a touch early and I wanted to see, Peter, if I could ask you one more question to add a one more inch of value to everybody on this call.

• 1:13:24Peter Diamandis?

  Of course.

• 1:13:25Speaker 02

  And it was actually, um, sorry, I forget how to pronounce your name. Is it um, Nash? Nashak?

• 1:13:32Speaker 08

  Nice to hear.

• 1:13:34Speaker 02

  Nice to hear. Thank you. He was the initial question that he wrote down and I listened intently to everything that you guys have going on. And I think this question would probably be the question that benefits everybody here. If they took the answer to heart. And uh, he wrote, uh, if you suddenly, Peter, became a nobody.

• 1:13:58Speaker 02

  And but you had an MTP. How would you go from I don't know anyone and have nothing? To my MTP is a massive success and I have connections with the biggest names and the people that I need to know. And I'm going to ask you part A and part B. One, how do you find your MTP? And two, how do you evangelize it and build a massive community around it? In a way that supports others?

• 1:14:23Peter Diamandis?

  So, um, thank you for that question and Nick, thank you for all of your support on building moonshots and mindsets. I'm grateful.

• 1:14:34Peter Diamandis?

  The first part of how you find your MTP and uh, we will be sharing this uh, in podcasts and in other forms in the future. It's really the thing that wakes you up in the morning. It's your, it's what gives you energy in life. Um, you know, my MTP is to inspire and guide entrepreneurs to create a hopeful, compelling and abundant future for humanity. I think about it as what are the verbs that you? Are honest to you, right? So I love inspiring and guiding people. That's the work I do with X Prize, with my venture fund, with Singularity, with A360. It's all about inspiring and guiding.

• 1:15:17Peter Diamandis?

  And then who do I want to be a hero to? It's entrepreneurs like yourselves. It's like not the entire world, not corporate CEOs, not venture capitalists. It's entrepreneurs who are looking to, to uplift humanity and make a change in the world. And then what do I want to do? I want to support you in creating a hopeful, compelling and abundant future. Each of those words is special to me. And, and so if I were, you know, instantly in a parallel universe in which I knew nobody, but I had that MTP still.

• 1:15:55Peter Diamandis?

  I, first of all, one of the most important things you need to do is share it. Uh, and you share it with people that you meet. It's people in conversation. It's all, it's, I share this and say this, you know, a dozen times a day. And when you share it and when you say it, what happens? First of all, you're in, you're reinforcing those neurons in your own mind. And you're saying, yeah, that's who I am. That's what my purpose is. And so all of a sudden you start to see opportunities in the world. And we're living into a world of increasing opportunities, more than ever before. And if an opportunity is in line with your MTP, you jump on it.

• 1:16:38Peter Diamandis?

  If it's, if it's flashy and exciting, but not in line with your MPT, MPT, or MTP, you ignore it. In other words, it's about how do you focus on things that are in line with? And you need to know your MTP to do that. And when you share your, uh, your massive transformative purpose, uh, with individuals, they connect with you in a different way. And they say, you know what? I know somebody that you should meet. And they start to network you. So putting your MTP out into social media, but in conversation with friends in what you write and what you do. And, and this is the doubling of small numbers, right?

• 1:17:20Peter Diamandis?

  Uh, in the beginning, it's one person, then two people, then four people, and eight people. And they spread it. But thirty doublings later, you know, it's, it's increased a billion fold. And so you've got to have something that you're proud of and you're excited about. And you're not fearful to share. If you're not willing to share, you know, to shout it from the mountain tops, uh, you know, I think that. You don't have the right MTP. You should be proud of it and willing to share it. And I think what happens is you start doing things that are in line with your MTP. People see you living it, and it brings you new people and new opportunities into your life.

• 1:18:06Peter Diamandis?

  Let me pause there. Nick, was there a second part of that that I need to answer?

• 1:18:12Speaker 02

  That was lovely. I think you answered it in part, which is how do you evangelize? I mean, you're somebody who has built a massive community around you through your MTP. I think people get the impression of them needing to have this massive hundred, thousand, million person community. In my experience, they don't. They just need the right people around them. What's your opinion here? And how can people build the right community around their MTP?

• 1:18:38Peter Diamandis?

  Yeah, great question, Nick, as always. And, you know, this has been a ten year journey for me. You know, I published Abundance: The Future is Fast, and you think

• 1:18:48Peter Diamandis?

  just ten years ago, and was on stage at TED in 2012. And I didn't have really a personal community then. I had X Prize had a community, and Singularity had a small community. And it was really the book Abundance. So writing a book helps if you, if your book is sharing your your MTP or exemplifying your MTP. You can, anybody can put forward a podcast, right, or a blog. So how do you communicate out? And if what you're communicating out finds an audience who aligns with it, right?

• 1:19:34Peter Diamandis?

  If you don't have an audience that aligns with your, with your messaging, then it's never going to work, right? So you have to find messaging that's authentic to you and meaningful to others. If it's just authentic to you, but no one else cares, you know, sorry, it's not gonna, it's not gonna work unless you're able to really convince people. And then ultimately, it's going to be a lot more work. So can you find something that resonates both in your heart and the heart of that group you want to be a hero to, right? Entrepreneurs or teenage girls in Africa who need, you know, to generate revenue, whatever it might be.

• 1:20:14Peter Diamandis?

  So I think getting the message out and building the community step by step by step. And that's, you know, it was abundance bold and the future is faster. You think my three books. It was building abundance 360 over the last 11 years. You know, the last six months, it was getting this podcast going. It was my mindset blogs I put out on Mondays, my other blogs I put out twice a week. And each of these things didn't, I didn't do everything at once. I did one thing and started building it. And then on the back of that, did the next thing and started building it.

• 1:20:57Peter Diamandis?

  And you'll be amazed, you know, compound interest over the course of 10 years will grow your community. So don't be afraid to start with, you know, one person or a small group. And then see what resonates and then do more of that.

• 1:21:13Speaker 02

  So really great answer, Peter. Thank you. And I do want to take a moment to publicly acknowledge Donna and Greg. For everything I've been on the show, they have been 10x more helpful in and behind the scenes. So Donna, thank you and Greg, thank you as well. And Peter, thank you. What a phenomenal answer. What a really beautiful way to end this. To each of you that joined the call, your support is not lost on us. If you want to listen back to the answers that Peter gave you here. We're going to be publishing this sometime within the next few weeks. So feel free to look out for the show on Apple Podcasts and Spotify, wherever you listen. And Peter, thank you for your time and generosity. Again.

• 1:21:51Peter Diamandis?

  Thank you. And Nick, thank you. You know, it was, how long ago was it that you emailed me, Nick?

• 1:21:58Speaker 02

  Oh, I think that it was, geez, I think it was like five months ago or something now.

• 1:22:03Peter Diamandis?

  It was amazing. Nick emailed me out of the blue and his email was sufficiently compelling. I shared it with Tyler, my head of marketing. Tyler reached out to Nick and found the genius that he is. And, and with in partnership, built this podcast. So Nick, thank you.

• 1:22:24Speaker 02

  Yeah. And honestly, the pleasure is mine. I'm going to continue to accept the thanks, but also deflect it back on Donna and Greg and the rest of them because they, they sure as hell deserve it. So thank you all. I'm impressed by each of you. I think that you're all going to go change the world in your own right. And I'm glad that we know of each other. Peter, let's do more of these.

• 1:22:42Peter Diamandis?

  I agree. Let's do it. Everyone, this is Peter again. Before you take off, I want to take a moment to just invite you to subscribe to my weekly tech blog. Today, over 200,000 people received this email twice per week. In the tech blog, I share with you my insights on converging exponential technologies, what's going on in AI, how longevity is transforming, adding decades to our life. In the tech blog, I often look at the 20 meta trends that are going to transform the decade ahead and share the conversations I've had with incredible tech thought leaders on how they're transforming industries. If that sounds cool to you and you want to try it, join me. Go to dmantis.com/blog, enter your email, and let's start this weekly conversation. Let me share with you the incredible

• 1:23:27Peter Diamandis?

  progress we're seeing in the world of technology and the positive impact it's having on our lives. Again, that's dmantis.com/blog. Looking forward to sharing my insights and incredible breakthroughs I'm seeing with you every single week.

• 1:23:55Speaker 00

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