SPECIAL: Peter Diamandis on the Longevity Opportunity, Bitcoin’s Bull Case and Musk vs. Bezos

alright so last month sam went down to nashville for the podcast movie conference and he did a fireside chat with john lee du you might know him as the host of the entrepreneurs on fire podcast and if you like my first million you might like the entrepreneurs on fire podcast guess it's the same it's like inspiration and strategy around your entrepreneurial journey and helps you create the life dreamed dev wow that's sound too bad doesn't alright well guess what it's also part of the hubspot podcast network that's who brings you our show and other great business shows if you wanna listen learn and grow go listen to entrepreneurs on fire it's on the hubspot podcast network you can find it at hubspot dot com slash podcast network so yeah what is a superpower for you elon musk first principle thinking okay he can look at a system and and say first principles this should be possible i feel like i could rule to world i know i could be what i want to put at all in in like a days off on a road travel never looking back so again i just wanna make an introduction trunk ban lead writer for the hustle and we're here with peter dia man peter i wanna give a very brief intro here just for our audience for the better very brief for audience a lot of entrepreneurs and investors but then i'll i'll kinda pass it you to for you to break down who peter dia man is because you'll obviously do better than me but so you know you went to mit rate study biology you got a harvard medical degree at the same time while you're studying medicine you started a space company satellite i i believe micro satellites and you basically kinda gone this route since where you've been involved in the cutting edge of science and technology you found over twenty companies in the human loan longevity space in the space space and yeah you're also well very famously known for the x prize which is where you solve the world's grandest challenge with the incentive price competitions it started with the sorry ten million dollar space prize which that that that that was awarded believe ten years after you started the prize from at believe ninety seven two thousand and six and that technology was later licensed by vi galactic and your friend richard branson and this year was a very you know big milestone year for that when he took that first flight and now you've spent a lot of your time in the past few years i believe longevity is a space you're very interested in and i would like i guess from here to pass the baton off to you with that kind of context what is pure dia man is doing today in twenty twenty one and what is most important to you oh my god i think what's most important to me is helping entrepreneurs make a bigger impact on the planet when i think about the tools we have as entrepreneurs as executives as leaders are never it's never been more powerful than today and i think that entrepreneurs are the means by which we can address the world's biggest problems and uplift every man woman and child on the planet and so that's a driving force for me i've you know i teach and i talk about massively or massive transformative to purposes and i help a lot of entrepreneurs come up with their purpose their passion their mt and mind is to inspire and guide entrepreneurs to create a hopeful compelling and abundant future for humanity so i think about that a lot and right now i'm working on my fourth fifth and sixth book i have a a book with twenty robbins called life for they'll be coming out in february which is looking at all of the breakthroughs that are adding decades onto your life i've got a book with another friend sal male call exponential organizations too that looks at a new species of company that exist today these are companies that are you know performing by tenfold their competition and then i'm just because abundance as a book was so important to me we're approaching the ten year anniversary and i'm gonna do a abundance revisited because so much of the case for abundance is so much stronger and there is a po key places that it's weak and we to focus attention so that's what the book will be will be about i'm a dad of two ten year old boys i have a half a half a billion dollar venture fund both capital partners i have a few four companies in the healthcare space i've got a new venture called future loop we can talk about which is you know how do you get the used at actually is meaningful to you versus this is the dystopian negative news out there and i'm just other a kid having fun following my dreams no that's perfect actually definitely a couple of those items were on my question list i know you have talked about the crisis and use network in the past cnn and i'm sure future luke is meant to address that but so last week i asked the my twitter audience you know speak have the opportunity to speak with peter dia man is do you have any questions almost i mean by far the majority were around your longevity work so yeah i kinda want to talk some questions that general direction just to get started and happy to knock off some of those other topics later and sure so just from the top level i know that you are friends of davis sinclair he wrote the book lifespan and you mentioned him in your previous podcast and interviews so i was wondering if you could speak through i'm not sure if you a hundred percent are an agreement in alignment with his signs or what he thinks about life extension and reversing of life aging but my question would be then if you were to set the the field of where the science is and how you look at life extension long longevity is it that you're thinking about reversing aging or stopping aging entirely as a yeah the framework it's a it's a great question and i think one of the things that david sinclair deserves absolute credit for as a spokesperson in this field with incredible credentials right he's at harvard medical school professor of genetics extremely achieved his book lifespan is an amazing book that i you know i promote more than i do my own book you haven't red span you should go out and get that book it's by the way it's a great audible he does an interview between every chapter and david just brilliant and david has helped people understand that aging is a disease and that if you it's the you know cardiac cancer neuro gender of all of these things are correlated with aging the more you age the higher probability of these things and and david has spoken about the notion that aging is a disease that can be slowed stopped and even reversed now a couple of thoughts just to put this in context for folks and i spend a lot of time by eighty percent of my investments are in this place i run a community called the abundance three sixty summit where i coach some four hundred ceos and leaders and the most popular topic there is longevity every year i sort of say this is on the leading edge this is on the leading edge just is what you can do now this is what you do this decade ahead so the question is why do we age and there's a few things to point out first of all back a hundred thousand years ago a million years ago when we were early h you know evolving on the savannah of africa you would go into puberty at age thirteen no birth control back then so by the time you were fourteen you were pregnant and by the time you were twenty six twenty seven twenty eight you were a grandparent your kids were having kids and back then food was scarce right there was no mcdonald's no whole foods and the worst thing you could do for the of the species was steal food from your grandchildren mounts the best thing you could do was like die and get back your bid so we we didn't live really past age thirty past the late twenties back then and so if you were if you had a disease that would kill you in your forties fifties or sixties it was never selected a guest and so we didn't promote we didn't have evolutionary forces for a long lived life that's the first thing to point out the second thing interestingly enough you know i'm sixty now i have the same genes as when i was twenty and the question is why don't i look like i was twenty and it turns out it's not your genome sequence it's not the three point two billion from your mother at a three point two billion from your father it's which of those thirty thousand genes is turned on and which is turned off and the that is called the epi genome epi meaning above the genome it's control and your epi genome determines which genes should be on and should be off and the challenges is as you get older some of the wrong genes are on and some of the wrong genes are off and that's principally what's driving aging and so there's a lot of different approaches to addressing addressing that and you know when i think about the biggest markets for entrepreneurs or investors on the planet it's ai and longevity or biotech there's no bigger markets on on planner right you have said that if you wanna make a billion dollars you know change of billing people's lives right and yeah i i love saying i billion people's lives yes it would be end you know i said the world's biggest problem is the world's biggest business opportunities and here's here's one of the problems is everybody up until now is considered aging inevitable and just part of life but what if it yeah isn't inevitable what if in fact aging is something that can be slowed can be stopped that would be extraordinary so you know i mention how sorry can you hear me peter you yeah yeah i can hear you fine oh sorry i was just gonna ask you you mentioned how large the longevity space was an opportunity i was wondering if you could talk to some of the sub verticals and i know you've invested in stem cell research and also gene therapies like what are the kind of the equivalence of for example if you were to go into finance you could go into asset management insurance sure what are the similar sure yeah so there's first of all i would say that there's biotech which is drugs small molecules or cells being used to impact health then there is med tech which is ai robotic sensors networks and so forth so i'll divide into those those two areas in the biotech arena i'm very interested in the world of stem cells right your stem cells are your what are call p cells these cells can go from a stem cell into any number any tissue you know neurons liver kidney cardiac you know pulmonary lung etcetera and and differentiate those tissues and we we were born our placenta is an organ that generates all these stem cells at of it is a three d printer that manufactures the baby and then when we're born we have a large supply of stem cells most stem cells are there to repairing damage to go from this p stem cell into new skin or nerve or muscle or or whatever it's required but as we grow older our supply of stem cells diminishes radically like a thousand fold a hundred thousand fold and so you have less cells these stem cells in your body to really solve any damage and so one of the areas is have you revitalize your stem cells how do you supply new stem cells to the body that's a big area of interest and one of my companies cellular just went public on the nasdaq ce is one of the leading manufacturing companies for using cells as medicine cell your cellular medicine and and it derive from the placenta natural killer cells t cell stem cells that are then used in any human because they can because the placenta has a very unique quality that it doesn't know south yet and it can be provided to any person with without any kind of immune reaction another area is the area of vaccines and vaccines have become you know very well known in the last eighteen months two years with with covid and let me just put my plug in for everybody guys vaccines are science and if you've not been vaccinated for covid please do the cdc just came out with a a study that says you're eleven times more likely to die from not being vaccinated and you are to die from being vaccinated meaning it the numbers are there and you're panning but vaccines can also be used for different things and one of my company's is using vaccines to stop alzheimer's parkinson's heart attack and stroke migraines we use a vaccine that turns your immune system on to create antibodies that target a specific protein in your body it's way of treating chronic disease for pennies on the dollar or a hundred a thousand times cheaper than other biologic you know other areas are small molecules you know david sinclair talks about n nico mono which is a precursor to something called na plus it's part of the energy system of your body and it helps you control which means are turned on which needs are turned off and you know this book life force that i'm cooperating with tony that comes out in february is a look at all of these things in a very understandable language so yeah and and so you walked through kind of the medical technology and and the biotech side let's say that the applications of these advances were to be implemented how long do you think somebody could potentially live to and over what time frame would this happen yeah so my mission what i'm focused on right now is how do i add at least a decade of healthy life this decade and then we're gonna start intercept a whole new set of of biotechnology technologies now the other area of biotechnology and i'll come back to this to your question a second of area of biotechnology moving at light speed is the whole crispr gene editing systems and they're multiple crispr bridging gene editing systems which are becoming extraordinarily powerful in being able to do precise edits in your book of life you know our dna is a language of four nucleotides represented by atc and gene we have three point two billion from each of our parents and crispr allows us to go in there and edit and correct a single nucleotides which a lot of times can be the cause of a genetic disease that's a your family line for centuries the other is gene therapy which different from crispr which is to edit your existing genome gene therapy is using a sort of robotic virus typically what's called an ad no associated virus to deliver a new copy of a gene into your cells the gene could be an additional copy of what's there it could be a copy that of a gene that's missing or an alternate version of a gene that you already have and this plus genome sequencing plus genome writing is really moving at exponential speeds so these are the technologies along with artificial intelligence that are making a dent in the longevity universe i think in conversations with folks like davidson sinclair and george church both at harvard you know the notion is they both believe and have said that they think we can get to you know a hundred and twenty at least a hundred and fifty now i'm sixty if i make it to a hundred and twenty i'm intercept sixty more years of of advances and i guarantee you that we're gonna slay aging period probably in the next twenty thirty years at the so it's not you know it's ultimately praise that i use from ray wild is living long enough to live forever your job isn't you know to make it all the way a hundred and twenty it's to live an extra twenty years for the purpose of you know getting to the impact of quantum computing in the ai on these areas there's a concept called longevity escape velocity that ray k has popularized and i i write about in this upcoming commute book and it's the notion that today for every year that you're alive science is extending your age by a quarter year now the question is when will we get to the point where for every year your live science is extending your life for more than a year ray k predicts it's the next twelve years and his predictions are pretty damn good george church has said you know he thinks it's within the next ten to fifteen years so the same time frame so this is where we're going and ultimately you know i don't think what wouldn't you pay for an extra you know twenty thirty healthy years of life now this is not s in a wheelchair this is where you have the aesthetics you look great the cognition you're thinking clearly the mobility able to move around to enjoy those extra years and what would you do with an extra thirty years a healthy you life or more no i think i mean david brings it up in his book where the societal implications of all these extra years so that's actually what one of the questions i wanted to touch on is what is the accessibility to your points like what what would somebody pay right clearly somebody with means would pay almost anything to have their life extended and the question becomes how accessible will this technology be and and if we were to extend life i know the common questions are around resources over overpopulation i know those are counter forces too of just a lot of well let me let me address that so first of all let's dismiss the over overpopulation myth okay i put out a blog just a few weeks ago and i put out but three blogs per week on science and technology impacting longevity you just go to dia man dot com you can you can look for this as a search bar of my blogs and it turns out that you know when the pop when the book the population bomb was written things look dire and this is like fifty sixty years ago back then the average was something like five children per family globally especially in africa but today we've dropped from like five and a half children per family globally to a reproduction rate of like two point four children per family in the united states were below the replacement rate which is two point one in japan and many parts of europe or below the replacement rate china and india africa have all come down i was interviewing elon musk in april we were launching a hundred million dollar x privacy he funded and he basically said you know the biggest one the biggest problems he's concerned about is this notion of under population and the human race going out with a whim where we don't have the labor to support our ongoing capabilities so it turns out longevity is critically important to continue to have the labor their you know as we sort of hit peak in twenty years and then you know start a rapid decline and one last thing is there was a study done by oxford and harvard recently that said for every year of life we add on the average the hue the global economy increases by thirty eight trillion dollars that's the impact of one extra year of healthy life for the world so across the average yeah lifespan okay well that is that's a part huge yes huge you're percent the global economy yeah and so it's like when you're at the top of your game and you're earning the most and you're able to make the best impacts and you've got the best relationships rather than hanging up your shin what happens if you've got the energy and vitality to not only go but accelerate and the question becomes are these things gonna be affordable for everybody and the kinds of treatments that we're talking about don't cost a lot and definitely will not in the volume which we're we're speaking of tells a a a great tale he says you know the cell phone came out in the nineteen eighties and back then it was a size a briefcase it cost tens of thousands of dollars and you drop a call every every block in manhattan i mean it really sucked so you know back when it first came out when it didn't work well all the wealthy people paid for it and today either more cell phones on the planet than there are humans and they're cheap and they work extraordinarily well right and it's always been the case that yes the wealthy will will be the first movers to some degree but by the time the bugs are worked out it's cheap and available to everybody and i i do think we're going to see that in the biotech field as well no that's as i've definitely seen the that that rebuttal to the older population side right is like if you actually look at the largest china is the best example the china's book you have the population it is now by the end of the century is the estimate and the the the final question i had around my j was what what kind of impact does this have on finances for people if you're gonna live to sixty and you're planning for retirement at sixty and now you're gonna live to one twenty how much is that gonna change kind of do time and industry the investment industry that all of those aspects yeah that's a great point one of the biggest challenges with longevity is that and this is to everybody who's financial advisors out there is you know people typically plan to live till eighty or ninety and what happens if you're living for another thirty years what do you do well and what happens to to medicare or medicaid so you know social security well i think one of the things is going to be and i talk about this and i write about it is we're gonna have to move the retirement age if people are healthier longer right when social security was put in place retirement age and social security was set because that's when on the average you died it was like you would like retire and then you would give your bits back to the environment and as well you know we need to realize we need to plan for a longer life and that's part of this future we're moving into i think that's actually the mention mentioned yet they're both having these assets for much longer and yeah we in in exchange our emails you did mention you wanna talk about bitcoin so this is a opportunity i wanted to transition to the the intersection of bitcoin and longevity because in your a webinar a much watch webinar with michael sailor over the summer yeah you touched on the topic of how bitcoin has become potentially is a big part of the longevity equation because of the blockchain infrastructure it can keep immutable record and if you're living longer it can hold the store value for a much longer lifespan and i believe a point i was brought up by you and michael was a lot of people don't realize how bad inflation is because they died basically before inflation destroys their well so i love to you to jump into long longevity in bitcoin yeah let's dive into that and besides michael sailor the way michael is a attorney brother of mine my earlier how might he get we were both space cadet and and and we didn't we lived right next to each other for a number of years brilliant brilliant guy and i'm extraordinarily excited to see the passion and and the fur you know fe he brings to his his fundamentalist point of view here but also on that on that webinar was another friend bill barr bill bar and you know bill is the the ceo of a of a great company that you know i use ab for all of my all my crypto so just i don't wanna leave him off to off the conversation there right and so michael and bill and i were talking about the notion that bitcoin in one way equals abundance we're seeing you know everybody thinks they're absolutely brilliant because their real estate going up because their stocks are going up because they're you know getting all this interest on on on their assets but what they'll realize is honestly it's a result of of pumping unlimited amounts of capital into the us and the global economy to the point where it's it's ridiculous where we're dev dollars at a rate that that people just don't understand and so as we're moving as we're living longer and we're digitizing the global economy i think bitcoin is a fundamental cornerstone of a long lift lived exponentially digitized world and so you know one of the big questions is you know how much should you invest in there at what stage in your life and you know everybody i talked to you i say you know at a you know this is my humble opinion i'm not an economist but i'm moving as much of my cash out of us dollars and into bitcoin and you know i'm probably eighty twenty bitcoin in ethereum and you know when i can get you know four percent to eight percent interest rates on ab for my crypto rather than sticking it in the bank for you know zero interest rates and and deflation pressures that's insane yeah that's so for you it especially with how you look right you've used the word abundance low bitcoin and this longevity piece is of all the technologies out there digital money seems inevitable and as you and michael alluded to it's like this is i could believe called it the apex property of the human race a number of times yeah it it it is and it's it's still the early days i talk about in my book abundance and bold i talk about the six d's of exponential and just for everybody when you digitize something in the early days of that digitization which is the first d progress is slow it's deceptive slow you know if you double like the first kodak digital camera was point zero one megapixel images next year's is point zero two than point zero four than point zero it all look like zero to the executives of kodak and they ignored the digital camera but thirty doubling later it was a billion times better right and you have ten megabit cameras and film was dead and so when you digitize something it's slow and deceptive in the beginning then it's disruptive and it d materialize demon and democrat access to products and services and so that's exactly what's going on you know bitcoin is digitized assets and capital and it's been slow and deceptive and it's just now over the next ten years it's gonna enter the disruptive phase and it's gonna d monetize and democrat all these areas you know if i were to ask you and maybe t put you on the spot how old is three d printing how when was three d printing discover oh it is so off on this but i'm using your six d framework you just said i wanna assume it started in the seventies but i only knew about it from like twenty ten yeah so most of us you know think it's ten years old now it really is going on fifty years old now okay and in the early in the early days it was very slow and very deceptive and now it's changing everything right the same thing on genome sequencing the same thing in all of these things so you know our brains are local and linear and we think in a local and linear fashion and ultimately you have to realize that and this is something worth memorizing and you double something ten times it's a thousand times better double it twenty times it's a million times double it thirty times it's a billion fold and so where are you in that process on that exponential road well you've in the blog post you wrote about that webinar you did with michael you did right specifically the you compared internet versus bitcoin and you've seen and studied exponential technologies for your entire professional career and it looks like bitcoin is faster than anything else in terms of adoption it it is and there's so much social pressure for that so much human justice pressure for that and so much convenience pressure for that that you know as and it's interesting right because more than ever you know bitcoin really got a lot of its initial launch out of the two thousand and eight crisis and crisis tend to cause industries to shift and you industries to come out of out of no place and so you know two thousand eight was a critical time you saw uber and airbnb and really the early days of of cryptocurrency being being born there and then the covid crisis which led to massive you know inflationary pressures as capital flowed into the global economy is accelerating this and so i think bitcoin is more necessary than ever before and it's the means by which i mean think about it i'd like to say that the poorest countries in the world are the sun countries in the world and therefore they'll gonna have in you know a massive amount of solar energy available to them i also think the poorest countries in the world are the ones that need bitcoin the most to allow for a farmer who earns a living to maintain the wealth but their created as their currencies are massively dev undervalued and to allow them to become part of the global economy you know as elon said you know it's you can look at bitcoin as as trading information and knowledge and work across a a fair platform yeah absolutely elon has spoken a lot about money as as busy just information transparent right alright i wanna take a quick break to talk about inbound twenty twenty one it's one of these conferences that i want you to go to this year because two reasons number one it's free so that's always nice and number two they're gonna have pretty dope speakers so inbound is a is a conference that's put on by hubspot for any like business person salesperson customer success marketing sales all that good stuff and if you haven't heard der this the c founder host thought he was on episode one ninety seven one of our best episodes to date i'm not just saying that the suck up was genuinely one of the best episodes and you know he gives his talk inbound and there's gonna be other speakers like oprah and hu mano and david changed whole bunch of other cool people and is a free conference so if you're like me you like getting in operation you like getting new ideas you wanna grow your network you wanna learn what's happening on the frontier of all these different fields then i recommend going into this go to inbound twenty twenty one you could find it at inbound dot com inbound like i n b o u n d inbound dot com and go get a free ticket trust me yeah and yeah the the question i had then just to kind of tie a bow on a big bitcoin on longevity was and you mentioned did mention this some the webinar the idea of if you are going to live to a hundred forty hundred and fifty and the example that you brought up in the in the blog post was what where will you put a million dollars today if you will be live a hundred years from now and you want that million dollars to be safe and are accessible and the answer seems some bitcoin well there's nothing else that i can think of i mean super high value real estate super high a strat areas you know super high value assets but if you want something that's got liquidity and transfer ability there's just one absolutely that's on the bitcoin side was there anything else that well the well has express done any crypto related prizes yet and if not is that on the menu oh it's always on the menu okay and and the answer is we will and i'm just trying to figure out you know what would be the best there but you know we'll i i think the areas around social tokens and and i and identity there's some i i think rather than a bitcoin x prize are they're gonna be prizes that we're gonna launch in which which you know a token economy and cryptocurrencies are the solution that will win those prizes that's interesting and that that gives a great use case and and popular probably crypto more which i know is very important to you proper these different technologies the next one i want to get into very popular amongst our our audience was the space race you've been involved for a very long time be it's a very high profile year for space with blue origin i think elon sending couple people of space tomorrow actually and my friends of mine some friends absolutely so the first question i had was the and sorry prize was from mid nineties that was the first prize it was around sending i believe about three humans hundred kilometers in a space and back that was awarded in two thousand six almost twenty five years now is space from when you started that price where you believe it you would foresee it twenty five years later or are you ahead or are you behind a where and where do you see it ten years from now wow that's a great question so let me give the background i was born in the sixties i was you know apollo was going on and it was like oh my god this is amazing we're going to the stars right apollo showed me what what the world could do right now and then and then in the sixties also came out this scientific documentary called star trek and which is a joke but i you know we just saw the the you know the the the fiftieth anniversary thereabouts and star trek showed me where the human race was going in the long term and i became enamored space it was everything to me my parents wanted to become a doctor my dad was a doctor and that was like okay i'll go do that but i really wanna go become an astronaut new space over the next couple of decades i got a six pack of degrees i got my pilot's license i did everything met a whole bunch of astronauts then realized my chance of becoming an nasa astronaut like one in a thousand right i had better chance at five four becoming an nba all star than i did i think a becoming an astronaut and the challenge was in the you know in the eighties and even into the nineties all everything in space was government it was all government and and the government was not taking risks and it was not flying individuals and so in nineteen ninety four i get a book from a friend of mine it's called the spirit of saint louis it was written by charles lin and in this book lin talks about the fact that in nineteen twenty seven he flies from new york to paris to win a twenty five thousand dollar prize and i had no idea was going after prize and what as i dug into this prize i realized this guy raymond take puts up twenty five thousand bucks which is today about five or six million dollars and he offers it to anyone who can fly between york and paris and paris new york nine different teams go after it they spend four hundred thousand trying to win the prize sixteen times the prize money and and or ortega only page the winner you know i think oh my god this is amazing you only pay for success and there's no downside so i came up with the idea of the x prize and x was gonna stand up for the name of the person putting up the ten million dollars because i a habit it at the time and what happens is i launched it in nineteen ninety six under the archie saint louis without having the money without having any teams i just you know rolled the dice and i met an i'm sorry who had just sold her company for one point three billion dollars op fellow space cadet and she funded the ten million dollar prize and we called it the ans sorry prize in her honor and it was one a few years later in two thousand four by bert rat tan funded by paul allen richard branson came in and bought the rights to spaceship one to build yep spaceship two which is now going i've known jeff bezos since the eighties as well my first company or organization ever was a group called students for the exploration and development of space said it was a college based group and i was the national chairman and and jeff was the presence of the princeton chapter and you know jeff came out of that i met elon back in two thousand two thousand one just before he was starting spacex and you know when the prize was won in twenty in in nineteen in two thousand and four if you had ask me how long it would take the commercial sub orbital flight i would guessed five years at the six years it's been seventeen years and that's just crazy and what's even crazier you know and kudos to elon who is off the charts brilliant as an engineer as a designer and as an entrepreneur is what he's accomplished runs circles around the sub orbital business because here's the deal going sub orbital is gets you to about mach three mach three and a half mach four as a speed to get to a hundred kilometers altitude going orbital is mach twenty five so it's it's about seven times the velocity and for remembering your high school physics you know kinetic energy is one half mb squared and so it's a square of velocity so it's about fifty times harder to go to orbit than it is on a sub orbital flight and what elon is done with with spacex and falcon nine and now starship is extraordinary you know i love the fact that two of the wealthiest humans on the planet their passion is both opening up space so i have confidence that we're doing it right now right here you know jeff and elon are are gonna pour their their billions in and and i know that's where their heart fundamentally is to make the human race some multi planetary species so basically is a little bit slower than you expected but there's made massive progress would be kind of a summary on that yeah i mean it's it's hit an inflection point of recent right i mean falcon nine has decimated the pre existing aerospace industry yeah i'd it's i i remember when falcon nine landed its first stage i said it's a nail in the coffin for the traditional industrial military complex who work flying complete expendable boosters and and they're they're unable to even you know become a fraction close and when starship begins becoming operational it's game over yeah the the last question i had regarding the space race was i know the media loves to frame obviously you talk you you just talk about how you're doing something in the media space which might take this kind of make a mood but they love framing bezos versus musk i know they're doing two very different missions bezos is more about building a space economy elon is very specifically about creating a multi planetary species so do you see a competition being an inside into this space or do you see just more know what they're kinda doing different things that we can all succeed so they have two independent visions that i both love so first and foremost you know elon is enamored with going to mars he has agreed to go to the moon first because that's what mass mission is and i think that's the logical thing the moon is sort of a waste station a interim fueling point the you know the moon has water ice on the poles and has has lots of oxygen in in the lunar reg and starship can get there easily but you know what elon vision is wanting to build starship ships to go and bring human and supplies to mars and really colonize mars for the long term and build you know star based one on the martian surface and that's awesome i i wish him all the luck and i remember walking me to his office one day and he was kind of depressed about what was going on it was withdrawing said i just realized you know falcon is not gonna get us mars and i need to re engineer what we're doing like from the ground up and that's what starship came out of you know jeff jeff was at princeton and they're one of my mentors was there a guy named gerard k o'neil and and gerard k o'neil ran the space study institute and he wrote about and talked about that if you can mine the moon for resources and mine the asteroids for resources you can build what have now been called o'neil colonies and these are large cylinders imagine like a kilometer in diameter and these cylinders when they rotate and they're capped at the end you could live on the inside of that and so the idea was these million person population cylinders that were in free space meaning they were not on the planetary surface that had gravity they weren't on earth or the moon or mars they were c orbiting the sun with the earth and you would sell set up a civilization there and when that civilization grew to a million people and it hit its population limits you'd build another one and like a bacterium it would it would split and eventually this would be how the human race would expand and we would you know the vision is move all of the heavy industries off the planet into space and and keep earth i think jeff described it as a zone for light industrial and and that's you know a very cool and they're both valid and what we need is to really make space economically independent of the earth and everything we hold the value on earth metals minerals energy real estate are near infinite quantities space and consequently i think we will get there and so i just to summarize it both do have very different missions and you're just happy they're both attacking it in their own way they both have very different missions and they're both very valid missions and because they both have the wealth to really fuel this and do it it's gonna happen right okay we're not gonna see this happening from from governments governments will support governments will be involved they'll get contracts and so forth but it's you know only the fact that elon was able to like fuel spacex in it early days with his first hundred and you know a hundred and twenty million dollars that got to where it is and and and yeah from paypal sale and and bezos has committed a billion dollars a year probably more now is retired from amazon and i truly hope he'll take on the mantle as ceo of blue origin company to really have it succeed as well as amazon has right absolutely so we'll move on to the last section here which will also touch on more bezos and musk but it's more broader question that we kinda discussed to via our emails it was you've dealt with so many interactive with so many high performers whether that be elon musk jeff bezos tony robbins letter page ariana arizona huffington yep but an important thing you've mentioned in the past is i believe you said mindset is might be the most important variable in as a keys to success so i'd like you to discuss i'd love for you to discuss the different mindset that you've touched on happily so here's my question right if you if you think about the most successful entrepreneurs in the world n sean stories steve jobs elon jeff you know muhammad unit sc might be what do you think was the most important asset they had was it their money was it the technology they had or was it their mindset and i would pause that if you took away all their money and all their technology but you kept their mindset that they would regain a tremendous amount of their of their success right or have the highest probability and and so the thing one of the things i realized is very few of us actively shape our mindset saying you know i want more of a mindset like this or more of a mindset like that we just sort of our mindset gets adopted from your conversations with your friends your mom and your dad where you grew up right i mean just think about do you have you taken the time to shape your mindset what mindset do you want so i started realizing this as important because i i had adopted a abundance mindset and an exponential mindset a longevity mindset and a moonshot mindset and i realized i got those mindset from my work with xp prize and my work in my books i wrote and my work with singularity university in abundance three sixty so a few years back i run this abundance three sixty year round executive program mastermind program for these former ceos and i said you know the most thing most important thing i delivered to them is mindset so i started teaching and and crafting around these four mindset and one of the things that you'll appreciate t is the whole world of of neural nets right as we're training in neural net to learn to recognize faces or cats or dogs whatever the way you train that neural in the ai world is you show it example after example after example after example and it shapes neural net right so your brain is a neural net too and we're passively training our neural nets of our brain and when you're watching cnn or fox news right what i call the cross crisis use network with the constantly negative news you're training your brain to be in a constant state of siege it's like murder murder murder shooting bribery impeachment murder murder murder shooting you know that's it's it it's like do you really wanna train your neural net to be sensitive to and focused on all this negative news what if you trained your brain on all the incredible breakthroughs going on in the world so you start to see the world from an abundance and exponential a moonshot and a longevity mindset that's what i started doing and and there's some great videos on the abundance three sixty website if you if you go there just eight three sixty dot com and you can learn more about these mindset and so every year and throughout the year i will come and say okay i'm going to show you all of the breakthroughs going on in longevity to space and why you would be a fool not to believe you're gonna add ten or twenty healthy years of your life and what are you're gonna do about it how is it gonna change the money you're saving the companies you're starting what you're gonna be doing and so my mission is show evidence after evidence after evidence after evidence that this incredible longevity escape velocity is coming our way and so i do that as well in exponential tech and in an abundance mindset so i think everybody knows when exponential mindset is that you realize that that the world is changing at a accelerating rate yeah and that things are not linear which is what the way our brains think an abundance mindset is the implications of that so in a scarcity world and and our brains evolved in a very scarce world in the savannah of africa you know you would fight over over food in a scarcity mindset if you've got one pie and more people come over you have slice the pie into thinner thinner slices in an abundance mindset that you say bullshit we're gonna bake more pies right and so technology is letting us bake more pies so a great example is energy we used to kill whales on the ocean to get oil to light our nights to read then we ravaged mountains sides for coal than we drilled kilometers under the ocean floor for oil but we're living on a planet with eight thousand times more energy from the sun than we consume as a species and so energy is truly abundant right it was just a breakthrough a few weeks back from mit in the in the fusion world so we're heading towards a sq abundance of energy and so almost any of of mas hierarchy of needs are becoming more and more abundant and and if you have an abundance mindset you're excited about the future not fearful of it right if you miss an opportunity you realize k next year we're gonna have five x or ten x more opportunities one the last example there is you know people think of of access to capital is being scarce but every year for like the last twenty years we have hit an all time high in the amount of capital being invested year on year on year so in twenty twenty during the pandemic it was an all time high in global investments and venture capital investments during a pandemic i mean it's like yeah my this is unstoppable so yeah no that so just a summarize abundance exponential longevity and moonshot mindset right these are kind of the friends and you you use simple yeah sorry the question i didn't mean to cut you off their peter i have a very specific question was yeah the going back to the linear versus exponential how do you train yourself to make that leap is it you expose yourself to these you mentioned you know do you go new media sources you mentioned future loop at the beginning yeah of our conversation so first of all you can't rewire your brain to go from linear to exponential what you can do is update yourself on a regular basis about this is now possible this is now possible this is now possible right so that when you update in the field that exponential technologies computation sensors networks ai robotics three d printing synthetic biology augmented virtual reality blockchain the thing that i do in a constant basis is i'm updating myself in all of those fields in like this is what's you can do now here's the cost here's a capability who's providing it in all of these areas because i write about it i teach about it and i incorporate into my companies and one of the things i realized is the news does me a disservice why we talked about crisis use network at all so i said you know it's not like the news they're providing isn't true it's just not a balanced view of all the amazing things going out there in the world right and i said what if i can create a an algorithm to try that would search the world's tweets articles journal publications for for news that had the following attributes it was at a positive incentive a positive framing it was future forward it was looking for places where converging exponential technologies were reinventing fields and then it presented to me that information every day and i built it with some incredibly talented partners in the machine learning space it's called future loop it's future loop dot com l o o p it's free you can go you sign up and every day i get twelve to fifteen articles that are in the fields i'm excited about and these are the breakthroughs this is what's going on one of the things that we did in future loop was we created a digital avatar of me in neural net ingesting all of my books all of my tweets and it thinks like i think and so it's called virtual peter and virtual peter is part of the filtering for all of these articles and so i'll get you know like four or five recommendations from virtual peter that i should read and they're are always spot on and then in categories like transportation and health and ai and manufacturing and so forth here's the breaking most important positive you know news in these areas and it helps me shape my neural app it helps me think more exponentially because it updates me every day and it's a fun quick read no that's perfect so future loop it's free i'm gonna can check it out i'll probably sign up for the peter package so peter the the the last things i just wanna ask here is a super quick rapid fire or if you could identify a super superpower from some of the individuals that you work with don't wanna put you too much on the spot it could be anything but of rattle off some names so yeah what is the superpower for elon musk first principal thinking okay you can look at a system and and say first principles this should be possible which is how he reinvented the electric car industry looking at what batteries could be what they could cost and the launch industry is saying it should be possible to do this and then doing it yeah alright that's great first principles thank you for elon jeff bezos jeff i would say it's building an organization that was data driven and experimental right if i describe amazon it's a data driven experimental com experimental companies running thousands of experiments looking at the data reinventing reinventing the algorithms you know he wrote a very simple and he's very fundamental thinking as well you know amazon's business plan is is three short lines give people more variety cheaper faster that's it anything falls in that he doesn't and he'll do it okay beautiful tony robbins your a good friend what is tony's superpower tony's superpower is passion and conviction and the ability to cut through a lot of the the sort of human bullshit and and get you to see what is truly driving you what is your what are your true motivations and then how you can hack those perfect three more super quick larry page wow larry page again i had the pleasure to get to know him over the course of a decade he's on my i board at at at at the expiry just science really just brilliant and like elon a first principle thinker and just very hardcore on the science and engineering yeah absolute clarity yeah ariana huffington who i believe is also on the board yeah ariana is incredibly amazing woman for her i i say it's it's passion as well she she comes at everything with a three sixty degree of of passion and she's a very strong business woman everything she's done has been extremely successful she builds a great team is another thing she does building her team and and and bringing passion to it amazing last one is richard benson wow richard it's first it's charm he is one of the most charming men on the planet and he you know he just uses that to to bring you in and then it's how he deals with risk so you know when when he sold virgin records and created virgin atlantic airlines so people said you're insane to start an airline when he bought his first seven forty seven from from boeing he reduced the risk substantially by getting them to agree that they would buy back the airplane a year from now at the same price if the business wasn't and that just reduces risk massively and then when he started spaceship when he started virgin galactic and he committed for like seven hundred million dollars to develop spaceship two he went to abu dhabi in the emirates and sold a very large a segment of of a virgin galactic for like seven hundred million dollars so he basically offset all of his costs he needed to develop it to an investment from somebody else also so he deals with risk extremely well and reduces the risk on his adventures and deals so this this image the popular image of richard as you know sw buck pirate is just like people aren't seeing that he's going into these deals and he's just very pragmatic der risking yet but also with huge moonshot ideas yeah he does and i would say for richard he has an amazing team right he builds virgin management team and he is in adventure and he and he also lives and breathes passion and and vision you know he's been a fellow space cadet probably as long as i have yeah absolutely and then my final question for you outside the superpower is you take on so many projects one of peter's laws is multiple projects at one time i know a lot of people are very different where they only wanna focus on one thing how do you how would you tell an entrepreneur or investor or young individual study that your path potentially might be what's good for numbers versus is somebody that just does one thing and does it very well yeah so do as i say not as i do i do believe that doing one thing externally well will give you the best best return so what i teach entrepreneurs is first and foremost you have to find your massive transformative purpose what is it that that emotional energy that's gonna fuel you and keep you going because don't do something for the money don't do it because you're mom dad brother sister best friend told you to do it do it because it's what's in your heart and your soul and when you can find that focus on that and sometimes it's a ten year journey before and you succeed you know i did have single minded focuses when i was running said or you know i had two focuses during medical school maybe three anyway but today the way i do what i do is i hire an amazing ceo who's just focused on the business right and i served typically as chairman or vice chairman of the companies and i'm driven by my passion i do what i love that's the only thing i do because if i love it i care about it enough and i give it everything i have but there's no question that some of the most successful people in the world have done one thing extraordinarily well i i remember getting a call from elon one day saying peter i need to step off the xp board because i'm gonna focus on spacex and tesla and i wish i could find a ceo for tesla so i could focus on spacex and i said i totally respect that i understand of course he stepped off and he was off he was just on spacex and tesla he owns no other investments other than some bitcoin but he ended up you know getting into neuro link and the boring corporation and a few other later because you know when you're entrepreneur you luck creating stuff okay that so just to answer definitely if you can do one thing we'll definitely do it but it might take you a long time to get there which is why you might wanna try multiple things early on yeah and my peter's laws you know i wrote if something can go wrong fix it to hell with murphy is my first law go that's law number one didn't do out the book but you know good right the author yeah absolutely so peter where would you like people to send them i know you have a blog through d m man dot com that's probably the best so yeah d man dot com if you wanna get my you know three blogs a week if you're interested in my abundance three sixty year round executive program mastermind it's it's abundance three six zero dot com future loop dot com xp price if you wanna see we're up to at xp xp i'm working at a hundred million dollar age reversal prize we just launched a hundred million dollar giga ton carbon removal prize with elon we're in the middle of the competition of an avatar prize for robotic avatars a lot of cool stuff going on at x xp dot org okay fantastic x pride dot org n at d manage dot com two places thank you so much peter the hustle audience appreciate your time my pleasure thank you awesome thanks peter that was amazing yeah that was fun i feel like i could rule word i know i could be what i want to put at all in it like a days off on a travel never looking back