My First Million Building A 100+ Year Legacy + Peter Thiel’s Fellowship + Bomb Hiring Questions
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Aug 28, 2024 Explore the unexpected philanthropy styles of influential figures like Peter Thiel and Elon Musk, diving into the legacy of Alfred Nobel and how competitions like XPRIZE can drive innovation. Hear about the rise of Barstool Sports and the value of campus entrepreneurship. The hosts share insights on unique hiring practices, focusing on attracting great talent and fostering cultural fit. With a humorous look at the 'sexy indifference' of wealth, this discussion is a vibrant mix of entrepreneurship, education reform, and personal anecdotes.
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Nobel's Legacy
- Alfred Nobel, inventor of dynamite, was mistakenly labeled the "merchant of death" in a premature obituary.
- This prompted him to establish the Nobel Prize, aiming to positively impact humanity.
Incentivized Philanthropy
- Prize-based philanthropy incentivizes impactful work.
- It also generates publicity and motivates competition.
Prizes Spurring Innovation
- Inspired by the Nobel, Orteig Prize motivated Charles Lindbergh's transatlantic flight, boosting the airline industry.
- Similarly, the XPRIZE spurred the development of reusable rockets, impacting the space industry.
