Understanding Your Circle of Competence in Investing

This chapter explores the 'circle of competence' and the critical role it plays in successful investing. By sharing personal experiences, the discussion emphasizes the need for investors to recognize their strengths and avoid chasing trends without solid backing.

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Mike Maples Jr., Founding Partner at Floodgate, sits down with David Weisburd to discuss Mike’s new book “Pattern Breakers: Why Some Start-Ups Change the Future”. This is a masterclass on early-stage venture investing. Mike shares his views on identifying ideas and founders that led to his early investments in Lyft, Twitter, and Okta. They also cover how Mike thinks about fundraising from LPs, his learnings from legendary LP David Swensen, and the power and importance of pursuing non-consensus ideas.

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RECOMMENDED PODCAST:

🎙️The 10X Capital Podcast

David Weisburd interviews LPs and GPs to examine the Venture Capital ecosystem through the lens of Limited Partners.

Spotify: https://open.spotify.com/show/2MHgyKMmJgznPI66MLxZfC

Apple: https://podcasts.apple.com/podcast/id1697772657

Youtube: https://youtube.com/@10xcapitalpodcast

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LINKS:

Floodgate: https://www.floodgate.com/

Pattern Breakers Website: https://www.patternbreakers.com/

Pattern Breakers: Why Some Start-Ups Change the Future: https://www.amazon.com/Pattern-Breakers-Start-Ups-Change-Future/dp/1541704355

10x Capital Newsletter: https://10xcapitalpodcast.com/

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X / TWITTER:

@m2jr (Mike Maples)

@dweisburd (David Weisburd)

@TurpentineVC

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