10X Capital Podcast
The 10X Capital podcast interviews the world's premier institutional investors to deliver insights on how they manage their capital. Interview topics include investment decision frameworks, capital allocation strategies, GP/LP relationships and many more.
E79: Mike Maples on How to Return 100X+ on Seed Investments
Mike Maples, 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.
Key Points
- Avoid the comparison trap by focusing on creating something unique that forces a choice rather than a comparison.
- Breakthrough founders harness inflections and insights to propose radically different futures, often requiring them to pivot while holding onto their core insight.
- Investing in startups involves betting on the founders' ability to navigate their insight to product-market fit by iterating on their implementation and audience.
Chapters
| 0:00 | |
| 0:16 | |
| 1:22 | |
| 2:08 | |
| 4:17 | |
| 9:10 | |
| 15:22 | |
| 21:54 | |
| 25:08 | |
| 29:31 | |
| 35:09 | |
| 38:25 | |
| 40:24 | |
| 42:22 | |
| 45:25 | |
| 47:14 | |
| 49:06 | |
| 51:20 |
Transcript
Loading transcript...
- / -