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Author Archives: Alec Pan
The prize would be delivered in 10 equal parts ($100M each) over 10 years
Why? Many scientists are quite naive when it comes to managing large sums of money. Delivering the prize in installments protects recipients from scams or losses that could otherwise occur. Some recipients might initially reject the prize but later change their minds. Spreading payments over time gives the prize committee more opportunity to persuade themContinue reading “The prize would be delivered in 10 equal parts ($100M each) over 10 years”
How to Calculate the Value Added to Humanity by a Super Scientist: A Method
The method is the most difficult part of the game. How many methods do we have for evaluating a company on the stock market? Tons. Why? Because there are a lot of stimuli in the game. We can advance in solving a problem by creating the right stimuli. Take startup evaluation, for example. What if,Continue reading “How to Calculate the Value Added to Humanity by a Super Scientist: A Method”
How I Calculated the Value Added to Humanity by the Einstein Prize Project: $1 Quadrillion
First, I invented the simplest explanation of the speed of light. Read more here. Second, I calculated the value of this invention using the following logic: “If explaining the speed of light to 1 million students saves $1 per student, the added value would be $1 million. Scaling this to 1 billion students results inContinue reading “How I Calculated the Value Added to Humanity by the Einstein Prize Project: $1 Quadrillion”
A draft for a truly unique prize
It’s a $1 billion prize for a groundbreaking discovery that adds value to humanity exceeding one world GDP, awarded once every 25 years. Why is it unique? A $1 billion prize doesn’t exist. A prize for a super discovery doesn’t exist. A prize for contributing one world GDP’s worth of value to humanity doesn’t exist.Continue reading “A draft for a truly unique prize”
Value contributed to humanity by Einstein
To this date in the universe there are only 2 estimates of value added to humanity by Einstein. The first one I made in 2021. Beforehand I calculated the Value of the most simple explanation of the speed of light. I’ve got $1B. Then I started to think how much value Einstein contributed to humanity.Continue reading “Value contributed to humanity by Einstein”
My first business
I started my first business when I was 7 years old. One sunny day, I overheard my mother talking to a friend who complained that her son was being bullied. The friend asked for advice, and my mother replied, “You know, when similar things happened to my son, I used to confront the bully’s parents.Continue reading “My first business”
From homeless to the investing partner at Founders Fund
Some people don’t take her seriously because she’s weird. But that doesn’t bother her too much: “I get to be a Trojan horse,” she says. Cyan Banister was the first woman investing partner at the venture capital Founders Fund, where she led seed and early-stage investments.
My habits
I LOVE TO BE ALONE I was raised in a very small family: my mom and me. So I’m used to stay alone at home, read books and think. Plus for 35 years I was living in a scientific center and a scientist’s lifestyle is reading books and thinking. So staying alone is absolutely naturalContinue reading “My habits”
My book’s recommendations
LIST OF BOOKS I RECOMMEND THE MOST Health: In Defense Of Food by Michael Pollan Physics: Reality Is Not What It Seems by Carlo Rovelli Business: Zero to one by Peter Thiel Anything you want by Derek Sivers Steve Jobs by Walter Isaacson Psychology: The Einstein syndrom by Thomas Sowell Outliers by Malcolm Gladwell FreakonomicsContinue reading “My book’s recommendations”
Alec Pan 