What You Can Learn From XPRIZE (Elon Donated Over $100M+ To This Org)

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.6 • 1.4K Ratings

🗓️ 23 June 2023

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode #2491, Neil and Eric discuss what can be learned from the XPRIZE Foundation, an organization that Elon Musk donated over 100 million dollars to. It’s important to look at how things are done in different business settings. Not only do you expand your knowledge, but it also presents opportunities to leverage their offerings to achieve your personal goals. Tune in to find out how XPRIZE is encouraging technological development that will benefit humanity, why Elon Musk donated such a substantial amount to this organization, and what marketing teams can learn from their strategies. TIME-STAMPED SHOW NOTES: [00:00] Today’s topic: What You Can Learn From XPRIZE (Elon Donated Over $100M+ To This Org). [00:31] An overview of the XPRIZE Foundation and its mission. [02:35] The prizes that XPRIZE awards to encourage technological development that will benefit humanity. [03:00] How these prizes generate activity and development in beneficial sectors. [03:34] What marketing can learn from this type of positive attention? [03:42] The benefits of investing in XPRIZE. [05:00] That’s it for today! Don’t forget to rate, review, and subscribe! Go to https://www.marketingschool.io to learn more! This podcast is on our Youtube Channel. Watch it here: https://youtu.be/IgozhA9ubOg Links Mentioned in Today’s Episode: Don’t forget to help us grow by subscribing and liking on YouTube! XPRIZE Foundation Elon Musk Chip Wilson James Cameron Larry Page Ariana Huffington Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review. Connect with Us: Single Grain << Eric’s ad agency NP Digital << Neil’s ad agency Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	All right, so we're going to talk about what you can learn from the X Prize Foundation.
0:03.8	This is where Elon donated over $100 million to this organization.
0:07.7	Funny enough, the founder of Lulu Lemon, I think his name's Chip Something.
0:13.0	It's not Chip Kelly, Chip Kelly's the coach,
0:14.5	but Chip Something, he don't need 101 million dollars
0:18.3	just because he wanted to beat Elon.
0:20.0	And so, Neil, are you familiar with the X Prize Foundation?
0:23.1	I am.
0:24.0	Do you want to describe what you think it is?
0:26.3	Wait, isn't sunny part of X Prize?
0:28.8	Exactly, yes.
0:30.4	So it's just like a global movement that is just leveraging their power and platform and
0:37.0	creating tons of competition to do amazing stuff in the world.
0:41.8	Okay, so I'm going to share a story and I went to an X Prize thing yesterday and it was our mutual friend
0:47.6	Sunny invited and it was nearby in LA so I went it was like a 10 minute drive for me so I'm like okay why not go so the high
0:53.8	level for the X Prize Foundation is it's a nonprofit organization that designs and
0:58.1	hosts public competitions intended to encourage technological development to
1:02.3	benefit humanity.
1:03.6	Their board of trustees includes James Cameron, Larry Page, Ariana Huffington, and
1:08.1	some other people here.
1:09.4	So it was founded in 1996 and it was first started, awarded a 10 million dollar prize blah blah
1:14.5	now yesterday I went like good stuff like I don't know all of them but I'm making it up
	...

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