Thread by @TrungTPhan

I interviewed Peter Diamandis, the founder of XPRIZE who's worked with (and studied) the likes of Elon Musk, Larry Page, Ray Kurzweil and Jeff Bezos.

Here are 5 mindset frameworks he believes any entrepreneur can learn from.

THREAD 🧵

0/ For Peter, mindset is an entrepreneur's most important asset:

"I posit that if you took away all of their money and all their technology, but you kept their mindset, they would regain a tremendous amount of success."

1/ FIRST-PRINCIPLES THINKING (Musk)

A mode of inquiry borrowed from physics, where you drill down to the fundamental truths of a problem and then draw conclusions.

2/ LONG-TERM THINKING (Bezos)

This is cliche at first glance but actually makes a lot of sense for Amazon. Since the organization experiments so much, it fails ALOT. Having a long-term mindset is the only way to stomach all the inevitable Ls.

3/ MOONSHOT MINDSET (Page)

Former Google CEO Larry Page dubs this framework "10x thinking" (creating products and services 10x better than existing options). Here's the rationale:

4/ EXPONENTIAL THINKING (Kurzweil)

The brain thinks in linear terms. It's important to grasp exponential growth.

10 doublings = ~1,000x
20 doublings = ~1,000,000x
30 doublings = ~1,000,000,000x

Here is the framework to understand how exponential growth affects any industry:

5/ PROBABILISTIC THINKING (Musk)

Thinking in probabilities broadens one's views to the possible set of outcomes (which leads to more experimenting and iterating).

6/ I write threads on tech and business like this 1-2x a week. Follow @TrungTPhan to catch them in your feed.

Check out my full interview with Peter Diamandis. We talk about longevity opportunity, Bitcoin's bull case and the space race (Bezos vs. Musk).

thehustle.co/peter-diamandi…