464: Pattern Breakers: Why Some Start-Ups Change the Future with co-founder of FLOODGATE, Mike Maples, Jr
Jul 10, 2024
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Mike Maples Jr, co-founder of FLOODGATE, discusses pattern-breaking success in startups, challenging limiting beliefs, and identifying breakthrough opportunities. He explores the origin of great startup ideas, empowering inflections in startups, and the importance of living in the future for innovation.
Pattern-breaking success requires a different mindset to recognize missed opportunities.
Founders must live in the future to disrupt patterns and create transformative impacts.
Deep dives
Mike Maples Jr.'s Career Overview
Mike Maples Jr. reflects on his career, starting as a child in the PC revolution, studying engineering and computer science at Stanford, working at Silicon Graphics, co-founding companies like Motive, and transitioning to seed investing in the mid-2000s. He discusses his early investments, including Twitter, and the circuitous path to its success.
Influential Childhood Inspiration
Maples attributes his success to his father's encouragement to explore unlimited possibilities, citing the book 'Jonathan Livingston Seagull.' His father's belief in breaking limits instilled a mindset of self-belief and pursuing one's ambitions without conforming to perceived constraints.
Challenging Limiting Beliefs
Maples identifies limiting beliefs as key barriers to success, noting the importance of recognizing and overcoming self-imposed restrictions. He shares examples of missed opportunities, like passing on investments in Airbnb and Lyft, highlighting the impact of perceived limitations on decision-making.
Pattern Breaking in Startup Ideas
Maples stresses the significance of founders living in the future to generate innovative startup ideas. He emphasizes building what is missing in the future rather than focusing solely on ideation. By co-creating the future with early believers, founders can disrupt existing patterns and create transformative impacts.
Welcome to Strategy Skills episode 464, featuring an interview with the author of Pattern Breakers: Why Some Start-Ups Change the Future, Mike Maples, Jr. In this book, Maples and coauthor Peter Ziebelman set out to discover the hidden forces that drive extraordinary start-up success. Pattern-breaking success, they reveal, demands a different mindset and actions to harness developments others miss or that may, at first, seem crazy.
Mike Maples, Jr is an entrepreneur, venture capitalist, podcaster, and the co-founder of FLOODGATE, a leading seed stage fund in Silicon Valley that invested in companies like Twitter, Twitch, Okta, and Outreach at the very beginning of their startup journeys.
An eight-time member of the Forbes Midas List of Top Venture Capital investors, he was one of the pioneers of the seed investing movement, which started in the mid-2000s and now is a mainstream part of startup funding.