What All Ultra Successful Founders (or Companies) Have in Common w/ Salim Ismail | EP #45

The video is about the concept of exponential organizations (EXOs) and their ability to scale as fast as technology. The speaker, Salim Ismail, explains that EXOs are organizations that allow for the rapid scaling of their structure as technology advances. He also discusses the importance of having a purpose or massive transformative purpose (MTP) as the driving force behind an EXO. The video highlights the success of companies like Uber and Airbnb, which have transformed entire industries with their innovative business models.

This video by Peter H. Diamandis was published on May 26, 2023.
Video length: 44:41.

The video is about the concept of exponential organizations (EXOs) and their ability to scale as fast as technology.

The speaker, Salim Ismail, explains that EXOs are a new breed of organization that allows for rapid scaling of both the organization structure and technology. He also discusses the importance of having a purpose or massive transformative purpose (MTP) as the driving force behind any successful organization.

The video covers the history of EXOs and their impact on industries, as well as the 10 attributes of successful EXOs.

• An Exponential Organization (EXO) is a new breed of organization that allows for the rapid scaling of its structure as technology advances.
• All organizations in the 21st century will be built in this way.
• EXOs have the ability to scale their organization as fast as they can scale technology.
• The marginal cost of supply goes to zero in EXOs.
• EXOs are transforming entire industries.
• An MTP is the emotional energy that drives an organization.
• It's what keeps an organization going into its North Star when things get tough.

What All Ultra Successful Founders (or Companies) Have in Common w/ Salim Ismail | EP #45 - YouTube

What is an Exponential Organization (EXO)?

• An EXO is a new breed of organization that allows for the rapid scaling of its structure as technology advances.
• All organizations in the 21st century will be built in this way.
• EXOs have the ability to scale their organization as fast as they can scale technology.
• The marginal cost of supply goes to zero in EXOs.
• EXOs are transforming entire industries.

The Importance of Having a Purpose (MTP) in an EXO

• An MTP is the emotional energy that drives an organization.
• It's what keeps an organization going into its North Star when things get tough.
• Doing anything big and bold in the world is hard.
• An MTP is the fundamental problem that an EXO is trying to solve.
• The MTP is the bedrock of creating an exponential organization.

Examples of Successful EXOs

• Uber and Airbnb are examples of successful EXOs that have transformed entire industries.
• Open AI is another example of an EXO that has put huge bets of Microsoft, Google, and Apple on its back.

What All Ultra Successful Founders (or Companies) Have in Common w/ Salim Ismail | EP #45 - YouTube

The Definition of an Exponential Organization (EXO)

• An EXO is where you can scale your organization as fast as you can scale technology.
• The marginal cost of supply goes to zero in EXOs.
• EXOs are transforming entire industries.
• EXOs are existential threats for the incumbents.
• EXOs have 10 attributes that are well-studied and documented.

The Attributes of an Exponential Organization (EXO)

• EXOs have five internal attributes.
• EXOs have five external attributes.
• EXOs are data-driven and experimental.
• EXOs have interfaces tapping into the crowd.
• EXOs are able to adapt to the rapidly changing environment.

Exponential Organizations (EXOs)

• Exponential organizations (EXOs) are organizations that allow for the rapid scaling of their structure as technology advances.
• EXOs have a purpose or massive transformative purpose (MTP) as the driving force behind their success.
• Uber and Airbnb are examples of companies that have transformed entire industries with their innovative business models.
• The success of these companies can be attributed to their ability to scale quickly and their focus on solving fundamental problems.
• An MTP serves as the tagline that guides the entire company and helps in achieving the company's goals.

Massive Transformative Purpose (MTP)

• An MTP is a clear and focused purpose that guides an organization's decision-making and helps in achieving its goals.
• An MTP helps in achieving an organization's massive transformative purpose.
• An MTP is a single point focal point where everybody in the organization can focus on the same goals.
• An MTP is important for hiring and retention, especially during periods of hypergrowth.
• Every organization should have an MTP, whether it is an individual entrepreneur or a company.

Moonshots

• Moonshots are ambitious goals or projects that aim to achieve something significant or transformative.
• Moonshots are often associated with exponential organizations (EXOs).
• An MTP is the canvas upon which an entrepreneurial world is painted.
• Moonshots are the difference between successful and very successful entrepreneurs.
• An MTP is a filter that helps in selecting what to say no to.

Conclusion

• Exponential organizations (EXOs) are organizations that allow for the rapid scaling of their structure as technology advances.
• An MTP is a clear and focused purpose that guides an organization's decision-making and helps in achieving its goals.
• Moonshots are ambitious goals or projects that aim to achieve something significant or transformative.
• Every organization should have an MTP, whether it is an individual entrepreneur or a company.
• An MTP is a single point focal point where everybody in the organization can focus on the same goals.

Moonshots and Exponential Organizations

• Moonshots are huge business opportunities that intersect with new exponential technologies and are 10x a company.
• Moonshots take a while and require new exponential technologies to be successful.
• Most of the world is working on 10% improvement, but moonshots are 10x a company.
• Moonshots come from the intersection of two very disperate areas and are the result of being really nuts.
• Moonshots are the key to operating successfully in the world that's coming.

Health Product Recommendation

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• Athletic Greens tastes amazing and has 75 high-quality ingredients.
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• The speaker personally utilizes Athletic Greens every day for gut health, immunity, energy, digestion, neural support, and healthy aging.
• Athletic Greens is giving away a free 1-year supply of vitamin D and five tribal packs with the first purchase.

Exponential Organizations (EXOs)

• Exponential organizations (EXOs) are organizations that allow for the rapid scaling of their structure as technology advances.
• EXOs have a purpose or massive transformative purpose (MTP) as the driving force behind their growth.
• Uber and Airbnb are examples of companies that have transformed entire industries with their innovative business models.
• To achieve exponential growth, organizations must start with a clean sheet of paper and allow for a perspective change.
• Elon Musk's vision for colonizing Mars required a completely reusable Starship, which was not possible with a partially reusable Falcon 9.

Moonshots

• Moonshots are attempts to achieve 10 times or 1,000% growth, rather than 10% growth.
• Taking a moonshot requires a perspective change and a willingness to try a radically different approach.
• Moonshots can be cheaper than trying to be smarter, as they allow for a different approach to problem-solving.
• Making a massive difference by accident is a possibility when shooting for the stars.
• Personal experience with moonshots can lead to incredible transformative experiences.

Watch the video on YouTube:
What All Ultra Successful Founders (or Companies) Have in Common w/ Salim Ismail | EP #45 - YouTube