Moonshots with Peter Diamandis

10x Your Business: Why Transitioning From Linear to Exponential is Crucial w/ Salim Ismail | EP#44

28 snips
May 18, 2023
Salim Ismail, a renowned technology entrepreneur and founder of ExO Works, discusses the urgent need for businesses to transition from linear to exponential growth. He emphasizes that if you're not building fast, you're falling behind in today's tech-driven world. With technology rapidly evolving, tools like ChatGPT will soon be outdated. Salim shares exciting insights on how companies like Airbnb and Uber have thrived by embracing innovation, and underscores the importance of self-disruption for sustained success in an age of constant change.
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ANECDOTE

Kodak's Missed Opportunity

  • Kodak invented the digital camera but dismissed it due to its initial limitations and threat to their existing business model.
  • This highlights how established companies can be blindsided by disruptive innovations.
INSIGHT

Linear vs. Exponential Thinking

  • Linear growth is predictable; exponential growth is not.
  • Our brains struggle to comprehend exponential progressions like Moore's Law.
ADVICE

Embrace Disruption

  • Digitize, dematerialize, demonetize, and democratize your products and services.
  • If you don't disrupt yourself, someone else will.
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