Elon Musk and Jeff Bezos were early supporters of the X-Prize, which has since launched 30 prizes totaling about $500 million in incentive purses, driving about $10 billion in R&D.

Stripe Climate aims to create demand for carbon removal technologies, which were virtually nonexistent in 2018, by purchasing from these companies to confer credibility on the sector. In 2021, we formed Frontier, an advanced market commitment for carbon removal, inspired by previous commitments for vaccines in developing countries. We raised a billion dollars, with Stripe as the first investor, and now have contracts with 40 to 50 carbon removal companies, many of which were started due to Frontier's existence.

I organized and launched a $10 million prize for the first person who could build a spaceship carrying three adults up 100 kilometers and return safely, which launched the commercial space industry.

The founder of Remora collaborated with a leading expert in mobile carbon capture to develop their technology, which is unique in the world.

We entered an online voting competition for a $10,000 prize, which was crucial for our funding. After rallying support from friends and family, we won the competition by just 1% in the final hour.

OpenAI has received significant support, including a $1 billion investment from Elon Musk and Sam Altman.

The Clay Foundation offers a million-dollar prize for solving one of the seven Millennium Prize Problems, one of which is the Navier-Stokes problem, and only one of these problems has been solved so far.

An anonymous survey revealed that 74% of companies in the carbon removal sector credited Frontier as a causal factor in their founding, highlighting the significant inducement effects of such commitments.

The X-Prize Foundation has been around for 30 years, and I started it in 1994 after reading a biography of Charles Lindbergh, who won a $25,000 prize for flying from New York to Paris.