full transcript

From the Ted Talk by Peter Diamandis: Our next giant leap

Unscramble the Blue Letters

If you were going to go and try to create spahnoicsepe, or any kind of a new technology, you have to fund that from the beginning and miiantan that fnidung with an uncertain outcome. It may or may not happen. But if you put up a prize, the bfauieutl thing is, you know, it's a very small maintenance fee, and you pay on success. Orteig didn't pay a dime out to the nine teams that went across — tried to go across the Atlantic, and we didn't pay a dime until someone won the Ansari X PRIZE. So, prizes work great. You know, innovators, the eunenepertrrs out there, you know that when you're going for a goal, the first thing you have to do is believe that you can do it yourself. Then, you've got to, you know, face potential public ridicule of — that's a crazy idea, it'll never work. And then you have to convince others, so that they can, in fact, help you raise the fudns, and then you've got to deal with the fact that you've got government bureaucracies and institutions that don't want you to move those things forward, and you have to deal with failures. What a pzrie does, what we've experienced a prize doing, is literally help to short-circuit or support all of these things, because a prize credentials the idea that this is a good idea. Well, it must be a good idea. Someone's oniffreg 10 million dollars to go and do this thing.

Open Cloze

If you were going to go and try to create ____________, or any kind of a new technology, you have to fund that from the beginning and ________ that _______ with an uncertain outcome. It may or may not happen. But if you put up a prize, the _________ thing is, you know, it's a very small maintenance fee, and you pay on success. Orteig didn't pay a dime out to the nine teams that went across — tried to go across the Atlantic, and we didn't pay a dime until someone won the Ansari X PRIZE. So, prizes work great. You know, innovators, the _____________ out there, you know that when you're going for a goal, the first thing you have to do is believe that you can do it yourself. Then, you've got to, you know, face potential public ridicule of — that's a crazy idea, it'll never work. And then you have to convince others, so that they can, in fact, help you raise the _____, and then you've got to deal with the fact that you've got government bureaucracies and institutions that don't want you to move those things forward, and you have to deal with failures. What a _____ does, what we've experienced a prize doing, is literally help to short-circuit or support all of these things, because a prize credentials the idea that this is a good idea. Well, it must be a good idea. Someone's ________ 10 million dollars to go and do this thing.

Solution

  1. maintain
  2. funding
  3. funds
  4. prize
  5. beautiful
  6. entrepreneurs
  7. offering
  8. spaceshipone

Original Text

If you were going to go and try to create SpaceShipOne, or any kind of a new technology, you have to fund that from the beginning and maintain that funding with an uncertain outcome. It may or may not happen. But if you put up a prize, the beautiful thing is, you know, it's a very small maintenance fee, and you pay on success. Orteig didn't pay a dime out to the nine teams that went across — tried to go across the Atlantic, and we didn't pay a dime until someone won the Ansari X PRIZE. So, prizes work great. You know, innovators, the entrepreneurs out there, you know that when you're going for a goal, the first thing you have to do is believe that you can do it yourself. Then, you've got to, you know, face potential public ridicule of — that's a crazy idea, it'll never work. And then you have to convince others, so that they can, in fact, help you raise the funds, and then you've got to deal with the fact that you've got government bureaucracies and institutions that don't want you to move those things forward, and you have to deal with failures. What a prize does, what we've experienced a prize doing, is literally help to short-circuit or support all of these things, because a prize credentials the idea that this is a good idea. Well, it must be a good idea. Someone's offering 10 million dollars to go and do this thing.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
million dollars 6
real estate 2
bought alaska 2
suborbital flight 2
good friend 2
space station 2
prize institute 2
good idea 2

Important Words

  1. ansari
  2. atlantic
  3. beautiful
  4. beginning
  5. bureaucracies
  6. convince
  7. crazy
  8. create
  9. credentials
  10. deal
  11. dime
  12. dollars
  13. entrepreneurs
  14. experienced
  15. face
  16. fact
  17. failures
  18. fee
  19. fund
  20. funding
  21. funds
  22. goal
  23. good
  24. government
  25. great
  26. happen
  27. idea
  28. innovators
  29. institutions
  30. kind
  31. literally
  32. maintain
  33. maintenance
  34. million
  35. move
  36. offering
  37. orteig
  38. outcome
  39. pay
  40. potential
  41. prize
  42. prizes
  43. public
  44. put
  45. raise
  46. ridicule
  47. small
  48. spaceshipone
  49. success
  50. support
  51. teams
  52. technology
  53. uncertain
  54. won
  55. work