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.

Speakers

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Mike Maples Jr.

Guest • 86%

David Weisburd

Host • 14%

Chapters

0:00	Episode preview
1:23	Introduction to "Pattern Breakers"
2:22	The role of startup capitalists
5:01	The Twitter story and insights on early-stage investing
7:24	The importance of founder future fit
15:33	Product market fit: deciding when to pivot vs. stay the course
21:54	Insights empowering new business models
27:21	Creating movements and the role of passion
32:02	Building relationships with LPs
37:14	Advice for new VCs raising money
39:10	The importance of pursuing non-consensus ideas
43:18	10X Capital Podcast Newsletter
43:40	Lessons from David Swensen
47:14	Benefits of a compatible partnership
49:06	Circle of competence and competitive advantage in VC
51:41	How to find Mike’s new book "Pattern Breakers"

Transcript

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