Part 2 of an occasional series on entrepreneurial buzz words
By Douglas Messier Managing Editor
Recently, 145 Silicon Valley tech executives wrote an open letter opposing the candidacy of Donald J. Trump for president. In the letter, they basically declared the billionaire to be a threat to America’s very future.
We believe in an inclusive country that fosters opportunity, creativity and a level playing field. Donald Trump does not. He campaigns on anger, bigotry, fear of new ideas and new people, and a fundamental belief that America is weak and in decline. We have listened to Donald Trump over the past year and we have concluded: Trump would be a disaster for innovation. His vision stands against the open exchange of ideas, free movement of people, and productive engagement with the outside world that is critical to our economy—and that provide the foundation for innovation and growth.
The Republican Convention starts on Monday, and the event is already stirring up some controversy. (Donald Trump? Controversy? Nooo….how could that be?)
Former NASA astronaut Eileen Collins, who became the first woman to command a space shuttle before the space agency retired the ones it had left to museums, is scheduled to speak during the convention at which delegates are schedule to nominate Trump for President.
There’s a move a foot to free the delegates to vote for another candidate, an effort that doesn’t seem likely to succeed, but is almost sure to cause violence if it did.
First in an irregular series on entrepreneurial buzz words
Come on let’s pivot again, Like we did last quarter! Yeaaah, let’s pivot again, Like we did last year!
Do you remember when, ROI was really hummin’, Yeaaaah, let’s pivot again, Pivotin’ time is here!
Heeee, and round and round til IPO we go! Oh, baby, make those investors love us so!
Let’s pivot again, Like we did last quarter! Yeaaah, let’s pivot again, Like we did last year!
There comes a time in the existence of many startups when there an urgent need to change direction. You set up the company to pursue a goal, but for one reason or several — a lack of a market, shortage of investment, regulatory hurdles, a flawed concept — you have to direct all that talent, technology and enthusiasm toward a new objective that will keep the company in operation.
Two major flight-related anniversaries are being celebrated this week. Today marks the 89th anniversary of Charles Lindbergh’s historic solo flight across the Atlantic aboard the Spirit of St. Louis. Lucky Lindy took off from New York on this date and arrived in Paris some 33.5 hours later, claiming the $25,000 Orteig Prize.
Wednesday was the 20th anniversary of the launch of X Prize (later Ansari X Prize). Inspired by the Orteig Prize, it offered $10 million for the first privately build vehicle to fly to suborbital space twice within two weeks. The Ansari X Prize was won in October 2004 by a team led by Burt Rutan and Paul Allen with SpaceShipOne.
After Lindbergh’s flight, a public that had previously shunned commercial aviation embraced it with a passion. Following the Ansari X Prize, Richard Branson vowed to begin flying tourists to space aboard a successor vehicle, SpaceShipTwo, within three years. Nearly a dozen years and four deaths later, Branson has yet to fulfill this promise.
The SpaceShipTwo program has now taken longer than it took for NASA to go from President John F. Kennedy proposal to land a man on the moon to the completion of the program with the splashdown of Apollo 17. NASA launched the space shuttle Columbia exactly 20 years after the first spaceflight by Yuri Gagarin.
So, why have things taken so long? And why did one prize succeed beyond the dreams of its sponsor, while the space prize it inspired has promised so few practical results? The answer is a complex one that I addressed back in March in a story titled, “Prizes, Technology and Safety.” I’ve republished the story below with links to other posts in a series about flight safety.
If you have been wondering how the X Prize was going to mark the 20th anniversary of its signature space prize in May (and who hasn’t), wonder no longer. A key piece of the puzzle is in place. Peter Diamandis writes:
An Award-winning author and journalist Julian Guthrie has just completed an amazing book that chronicles my life’s story and the decade-long $10M Ansari XPRIZE in which a group of amazing space entrepreneurs competing in the new race to space. Her last book on Larry Ellison and the America’s Cup was a best seller.
Julian’s book tells a beautiful narrative story of my life, as well as the stories of Burt Rutan, Erik Lindbergh, Paul Allen, Richard Branson, and the many teams who competed in the singular quest to build and fly the world’s first private manned rocket into space.
The author is looking for advice on the title and subtitle for the book. You can vote here on Survey Monkey.
LOS ANGELES (April 12, 2016) — XPRIZE, the global leader in designing and managing incentive competitions to solve humanity’s grand challenges, announced that Marcus Shingles has joined the organization as chief executive officer.
He brings more than 20 years of leadership experience in industry (Kellogg Company), management consulting (Ernst & Young LLP and Deloitte LLP), and as a successful entrepreneur (company founder). Shingles’ areas of expertise are building innovation ecosystems and developing disruptive innovation strategies at some of the world’s most premier organizations. Founder Peter H. Diamandis, M.D., who previously held the CEO title, remains as executive chairman of the board.
“I question whether our insatiable appetite for total safety is serving the needs of the exploring human inside us.”
– Stu Witt, former CEO & General Manager, Mojave Air & Space Port
By Douglas Messier Managing Editor
After he won the $10 million Ansari X Prize with SpaceShipOne in October 2004, Scaled Composites Founder Burt Rutan had two goals for the SpaceShipTwo suborbital tourism vehicle he was building for Richard Branson’s Virgin Galactic.
He vowed the vehicle would be at least 100 times safer than any human spacecraft that had ever flow. And the Federal Aviation Administration (FAA) would certify the spaceship in a manner similar to way the agency certifies aircraft.
Editor’s Note: Wondering when space tourism companies will stop hyping and start flying? Skeptical they will ever make such travel as safe and routine as getting on an airliner? Or bring down costs enough that you’d actually be able to go?
Worry not. The guy who launched the space tourism craze 20 years ago with the Ansari X Prize has a new way for you to experience space without actually ever having to go there.
Video Caption: Virtual reality in space? Augmented reality in space? What kinds of awesome things could we do? Futurist Peter Diamandis answers!
Do you have any questions about space exploration, virtual reality & augmented reality, futurism, or XPRIZE? Comment below with #AskPeter to ask XPRIZE Founder Peter Diamandis anything!
Visioneer: The Peter Diamandis Story Director: Nick Nanton Dicks + Nanton Productions DNA Films 53 minutes $14.97 to $29.97 (Download & DVD)
If you are a fan of Peter Diamandis, this worshipful 53-minute promotional video is for you. It follows Peter D. through the triumph of the Ansari X Prize, skips ahead to the SpaceShipTwo crash a decade later, and then discusses his work with Singularity University and exponential technology.
If you’re not a fan of all things Peter, or are looking for a modicum of critical analysis, this film is not worth your money or your time.
Visioneer is nominally a documentary, but it’s actually a branding video for Diamandis. The first clue came in the press release announcing the film, which spent half of its length promoting the director. Here’s a brief snippet:
Nick Nanton, Esq., is known as the Top Agent to Celebrity Experts®. Nick serves as the CEO of The Dicks + Nanton Celebrity Branding Agency, an international branding and media agency with more than 2200 clients in 33 countries. Nick has produced large-scale events, documentaries, and television shows that have featured the likes of Sir Richard Branson, Anthony Robbins, Steve Forbes, Ivanka Trump, Brian Tracy, President George H.W. Bush, Jack Canfield (Creator of the Chicken Soup for the Soul Series), and many more.
So, if you’re a celebrity or would like to be one, the video is worth watching to determine whether you want Nanton to do a branding film on you. Otherwise, you’d be better off spending your money on Netflix or Hulu, which have a variety of fine documentaries.
ORLANDO, Fla., Feb. 10, 2016 (DNA PR) — Emmy-Award winning Director Nick Nanton, on behalf of DNA Films along with Jeff Hays films, will be offering a free online pre-screening of the Emmy-Award winning film “Visioneer.” The viewing will be available from February 11-20, 2016 at www.VisioneerMovie.com.
“Visioneer” tells the story of Peter Diamandis’ vision to create the “X Prize,” a $10 million contest meant to encourage the creation of new space vehicles and a whole new space industry. Peter dreamed of outer space his whole life. But since the days of his childhood, when the Apollo program was at its height, America’s excitement for the exploration of space has waned, even if Peter’s obsession never did. He set out to find a way to kick-start the next evolution of spaceflight, inspiring people all over the world to look to the stars again. Through hard work, passion, and a never-say-die attitude, Peter and his colleagues managed to overcome hurdle after hurdle to create the Ansari X Prize and help usher in a new era of private space flight.
They came to Mojave from near and far — from the dusty desert communities of Lancaster, Boron and Ridgecrest to the snow swept tundra of Sweden — to send Stu Witt off in style. One of the most powerful men in Washington, D.C. played hooky from Congress to wish his friend a happy retirement.
Hundreds of people gathered on Jan. 8 to mark the end of Witt’s nearly 14-year term as CEO and general manager of the Mojave Air and Space Port. The event featured a reception and a long parade of friends and colleagues singing his praises.
It has occurred to me in recent days that the significance Blue Origin’s landing of its New Shepard rocket and capsule last month has been totally misconstrued by the public, press and most of the commentators on this blog. Now, I don’t really blame them for this; I blame Jeff Bezos.
“This business will mark a milestone in world history, and it will launch a new space industry — a private space industry, driven by innovators and entrepreneurs and new technologies and bold thinkers.” — Richard Branson
“What we are calling the second space age will open up a wide range of commercial opportunities, including point-to-point cargo delivery, with personal and business travel.” — Gov. Bill Richardson
Ten years ago today, Virgin Galactic and New Mexico announced a deal for development what became known as Spaceport America. New Mexico would built a $225-million spaceport with taxpayer’s dollars in the desert near Truth or Consequences. Sir Richard Branson’s new space company would sign a 20-year lease to fly tourists aboard SpaceShipTwo from the facility beginning in 2008. New Mexico also expected the spaceport to be used by UP Aerospace, Starchaser Industries, and Peter Diamandis’ Rocket Racing League and X Prize Cup.
X PRIZE Founder Peter Diamandis is attempting to raise $200 million for a new venture capital fund that will target exponential technology companies, according to a regulatory filing with the Securities and Exchange Commission (SEC).
Diamandis is co-founder of the Singularity University, which focuses on exponential technology development.
The filing for Bold Capital Partners, L.P., lists three other executives involved in the limited partnership. They include:
Teymour Boutros-Ghali, co-founder and managing partner of Monitor Ventures. A nephew of former United Nations Secretary General Boutros Boutros-Ghali, he was founder and CEO of AllBusiness (acquired by NBC), Zowie Intertainment (sold to LEGO), and Thrive Online (acquired by AOL).
Neal Bhadkamkar, co-founder and managing partner of Monitor Ventures. Bhadkamkar previously served as VP of Manufacturing and Engineering at Zowie Intertainment and headed up the commercialization process at Interval Research, which is Paul Allen’s research and commercialization company.
Emilio Diez Barroso, a Mexican-American businessman who is chairman and CEO of NALA Investments, which has holdings in communications, energy, transportation, consumer products, real estate, technology and media.