Loonshots Book Summary

Book Summary

15 min

Audio available

Brief Summary

Loonshots are risky ideas that can change the world. For a team to properly nurture a loon shot they must have a separated group dynamic, that communicates and collaborates, with optimal organizational support.

About the Author

Safi Bahcall is an American physicist, technologist, business executive, and author. He graduated from Harvard University with a degree in theoretical physics. He received his Ph.D in physics from Stanford University in 1995. In 1995, he was awarded a Miller Post-Doctoral Research Fellowship at U.C. Berkeley to continue his research in condensed matter theory. His published work focused on superconductivity, random matrix theory, the quantum hall effect, and particle astrophysics. He worked for McKinsey & Company. In 2008, he was named the Ernst & Young New England Biotechnology/Pharmaceutical Entrepreneur of the Year. In 2011, he worked with President Obama’s council of science advisors on the future of US science and technology research. He has spoken at various banking conferences, investor events, medical meetings around the world, and academic institutions including Harvard University. His book, Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries, was cited as Washington Post's 10 Leadership Books to Watch For in 2019.

Topics

Management & Leadership

Loonshots Book Summary Preview

Key Insights

‘Loonshots’ is another term for crazy risky ideas, which turn successful.

Loonshots are born from one person’s brain. However, in order for a loonshot to catch on, a team of people must be behind it supporting and encouraging it.

“Just because a theory might be a bit wacky, however, doesn’t mean there isn’t something to the observation.”- Safi Bahcall

In “Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries” by Safi Bahcall, you will learn what it takes to cultivate a crazy idea of your own and how loonshots can change the world, as well as make your company a market leader.

The Tools You Need

Teams today can cultivate loonshots with these simple tools:

Phase Separation: You must separate your team strategically. People working on simple projects should be apart from the people working on the risk-taking creative work.
Dynamic Equilibrium: Both teams should still collaborate and communicate.
Critical Mass: There needs to be a lot of organization as loonshot ideas often fail.
The Magic Number: Smaller companies, under 150 people, usually are more successful at following a loonshot idea.
Incentives: The magic number can be changed if you also change your team’s structure.
The Moses Trap: Teams should make decisions rather than the leader.

Loonshots Win Wars

For teams to stay on top and be successful, they must have radical and innovative ideas. That’s where loonshots come in.

However, companies also must have their simple strategic staples that will keep their team running.

A great example of this is WWII. While fighting the Germans, the Allied forces were desperate for new technology. But, they had no time to sit and wait patiently while scientists experimented. So, they had to use what they had in order to stay afloat. Theses were their simple tools.

But, in order to beat the Germans, they needed new technology. New technology was developed under the Office of Scientific Research and Development (OSRD) created by President Roosevelt.

The OSRD worked with military men to determine the most common and threatening in-the-field problems so they could work to address them. This led to the OSRD developing the technology that ultimately won them the war!

This example also shows phase separation at its finest. It is two different structures of problem-solving working toward the same shared goal.

The military, in nature, has a very strict set of guidelines that they must adhere to. However, the OSRD had the freedom to think outside the box and get creative.

When these two structural puzzle pieces come together, dynamic equilibrium happens. This is when both the strict and creative pieces fit together to give each other equal support.

Loonshots Are Fragile

A lot of people think that since loonshots are so genius they tend to escape common obstacles. But, that’s simply not the case. Every idea must overcome barriers over and over again until they succeed.

For example, Akira Endo, a well-known Japanese researcher, developed statins, or lipid-lowering medications, by studying fungi that could actually block cholesterol.

The first barrier that Endo encountered was that the US believed that people needed cholesterol for their cells to...