Chapter
False Failures in Innovation
1:33:50 - 1:45:25 (11:35)
False failures happen when an experiment fails not because of the idea but because of a flaw in the experiment. In the context of innovation, people tend to give up on ideas that encounter false failures, leading to missed opportunities.
Clips
False failures or flawed experimental outcomes can lead innovators to give up on their loon shots or crazy ideas, which over time yields transformative and brilliant inventions that were once deemed impossible by the majority; nurturing such ideas requires defeating the natural tendency to assume that the outcome will be obvious.
1:33:50 - 1:37:18 (03:28)
Summary
False failures or flawed experimental outcomes can lead innovators to give up on their loon shots or crazy ideas, which over time yields transformative and brilliant inventions that were once deemed impossible by the majority; nurturing such ideas requires defeating the natural tendency to assume that the outcome will be obvious.
ChapterFalse Failures in Innovation
Episode#364: Safi Bahcall — On Thinking Big, Curing Cancer, and Transforming Industries
PodcastThe Tim Ferriss Show
A glitchy website caused many potential successful social media platforms to fail and investors to pass on Facebook, until Peter Thiel and Ken Howery investigated the issue and realized it was not the business model, but the website itself.
1:37:18 - 1:41:35 (04:16)
Summary
A glitchy website caused many potential successful social media platforms to fail and investors to pass on Facebook, until Peter Thiel and Ken Howery investigated the issue and realized it was not the business model, but the website itself.
ChapterFalse Failures in Innovation
Episode#364: Safi Bahcall — On Thinking Big, Curing Cancer, and Transforming Industries
PodcastThe Tim Ferriss Show
The speaker talks about meeting a Nobel prize-winning pharmacologist from Scotland who revolutionized drug discovery and was still working in his 80s.
1:41:35 - 1:45:25 (03:50)
Summary
The speaker talks about meeting a Nobel prize-winning pharmacologist from Scotland who revolutionized drug discovery and was still working in his 80s. The drug hunter was interested in the speaker's team, who went against the traditional methods of research and development.