My First Million cover image

Building A 100+ Year Legacy + Peter Thiel’s Fellowship + Bomb Hiring Questions

My First Million

CHAPTER

Incentivizing Innovation Through Prizes

This chapter explores the historical context and financial sustainability of the Nobel Prize, particularly the Peace Prize, while highlighting various innovative prizes that spur progress in technology and philanthropy. The discussion covers notable examples like XPRIZE and the Milk Money Grant, showcasing how competitions can generate significant innovation and investment. Additionally, it touches on personal insights about entrepreneurship education and the limitations of traditional methods in preparing students for real-world challenges.

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