Venture Unlocked: The playbook for venture capital managers

Finding greatness in non-consensus startups, the story of Twitch from Justin.TV, and why great companies need insights and inflection points with Mike Maples

43 snips
Jul 10, 2024
Venture capitalist Mike Maples discusses the importance of identifying pattern-breaking founders in startups, emphasizing the value of insights and inflections for success. He shares insights on investing in non-consensus startups like Twitch, highlighting the need for unique visions and authenticity in founders. The podcast explores the power of unique insights, inflection points, and being non-consensus in the venture capital landscape.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ANECDOTE

Twitch's Unexpected Success

  • Mike Maples, Jr. forgot he was a Twitch shareholder until its acquisition by Amazon for $970 million.
  • This triggered his exploration of pattern breaking startups, as 80% of Floodgate's exit profits came from pivoted companies.
ANECDOTE

Investing in Justin.tv

  • Mike Maples, Jr. invested in Justin.tv despite initially finding the idea crazy.
  • Justin Kan's unconventional approach, like selling his previous company on eBay, intrigued him.
INSIGHT

Unique Insights and White Spaces

  • Founders with unique insights often build in white spaces unseen by others.
  • These insights allow them to create truly innovative products and companies.
Get the Snipd Podcast app to discover more snips from this episode
Get the app