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
- maintain
- funding
- funds
- prize
- beautiful
- entrepreneurs
- offering
- 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
- ansari
- atlantic
- beautiful
- beginning
- bureaucracies
- convince
- crazy
- create
- credentials
- deal
- dime
- dollars
- entrepreneurs
- experienced
- face
- fact
- failures
- fee
- fund
- funding
- funds
- goal
- good
- government
- great
- happen
- idea
- innovators
- institutions
- kind
- literally
- maintain
- maintenance
- million
- move
- offering
- orteig
- outcome
- pay
- potential
- prize
- prizes
- public
- put
- raise
- ridicule
- small
- spaceshipone
- success
- support
- teams
- technology
- uncertain
- won
- work