Capital Allocators – Inside the Institutional Investment Industry Mike Maples Jr. - Identifying Startup Pattern Breakers (EP.406)
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Sep 16, 2024 
Mike Maples Jr., partner at Floodgate and a celebrated venture capitalist, has backed early-stage giants like Twitter and Lyft. In this engaging discussion, he reveals his journey into venture capital and the insights that inspired his book, "Pattern Breakers." The conversation dives into his transformative concept of 'inflections' that disrupt markets, the importance of founder-future fit, and how curiosity can unlock innovation. With anecdotes from his experiences, Mike highlights strategies for identifying successful startups and the journey from rejection to adoption in the tech landscape.
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The Power of Radical Difference
- Startups succeed not by being better, but by being radically different, leveraging inflections, insights, and founder-future fit.
- Founders must create movements, enlisting early believers to co-create the future.
Inflections: Turning Points
- Inflections are new events, like the iPhone 4S's GPS chip, that alter human capacities and behaviors.
- They empower startups to fight unfair by changing the rules of the game.
Focus on the Future
- When evaluating startups, focus on the total future market, not just the current market.
- Ask founders about the inflection that makes their idea uniquely possible.
