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EP 112: Mike Maples (Founding Partner, Floodgate): What Makes Startups Win & The Future of Venture Capital
The Logan Bartlett Show
**Inflections **
An inflection represents a specific change event that indicates a turning point, rather than a broader trend. It signifies a crucial moment that enables new opportunities, like how the iPhone 4S's embedded GPS chip made ride-sharing feasible by allowing real-time location tracking. Inflections empower startups, providing them a strategic advantage in competition against incumbents, which often engage in unfair practices. Startups can leverage inflections to answer the critical 'why now' question, essential for determining the right timing for new ventures. Recognizing inflections helps entrepreneurs understand when technological advancements, such as improvements in digital cameras, coincide with market readiness, as seen with Instagram. These turning points are pivotal as they dictate the success of innovations by ensuring they are sufficiently developed to meet consumer needs when introduced.
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