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November 5 @ 9:30 am - 10:30 am PST
FreeThe Hidden Formula: Why Some Startups Soar and Others Fail with Mike Maples
As a co-founding partner of Floodgate, Mike Maples’ journey as an investor is filled with remarkable success stories, including early bets on Twitter, Twitch.tv, Okta, and Chegg. But it was a puzzling pattern in these successes that led Mike to challenge everything he thought he knew about startups.
According to Mike’s research, startups like Twitter, Twitch, and Lyft achieved remarkable success despite ignoring conventional “best practices,” while other promising startups often failed despite following them. In fact, more than 80% of Floodgate’s exit profits had come from pivots. This paradox spurred Mike to investigate what makes some startups outperform expectations, even when they defy traditional startup wisdom.
In a webinar for Founders Network on November 5, Mike will share his findings on why some startups soar while others fail, providing insights on how to achieve success when launching a startup or creating a new product.He’ll discuss:
- The power of inflections and how to leverage them
- The importance of deep, contrarian insights
- The concept of founder-future fit
- The role of movements and disagreeableness in entrepreneurship
About the Speaker:
Mike Maples is a co-founding Partner at Floodgate. He has been on the Forbes Midas List eight times in the last decade and was also named a “Rising Star” by FORTUNE and profiled by Harvard Business School for his lifetime contributions to entrepreneurship.
Before becoming a full-time investor, Mike was involved as a founder and operating executive at back-to-back startup IPOs, including Tivoli Systems (IPO TIVS, acquired by IBM) and Motive (IPO MOTV, acquired by Alcatel-Lucent.)
Some of Mike’s investments include Twitter, Twitch.tv, Clover Health, Okta, Outreach, Chegg, Demandforce, and Applied Intuition.
Mike is known for coining the term “Thunder Lizards,” which is a metaphor derived from Godzilla that describes the tiny number of truly exceptional companies that are wildly disruptive capitalist mutations. Mike likes to think of himself as a hunter of the “atomic eggs” that beget these companies.
Mike is the author of the National Bestselling book Pattern Breakers and host of the Pattern Breakers podcast, which shares startup lessons from the super performers.
Complimentary Ticket:
Are you a full-time tech founder? Be our guest! We’re making our events available to tech founders everywhere. Enjoy a complimentary ticket to come learn from fellow tech founders, partners and investors. Already used your complimentary guest pass? Request an invite to see if you qualify for membership.
About Founders Network:
Founded in 2011, Founders Network offers lifelong peer mentorship to over 600 tech startup founders globally. Our platform, programs and high-touch service facilitate authentic experience sharing, warm introductions and long-term professional relationships. Additional benefits include over $500k in startup discounts and promotion to 2,000 newsletter readers. Members are located in San Francisco, New York City, Los Angeles, Vancouver, Toronto, London and other tech hubs. Each month our Membership Committee admits a new cohort of full-time tech founders who are nominated by an existing member. Learn more about us here
Confidentiality Policy:
All information shared within Founders Network is strictly confidential. We are built on a foundation of trust, and the community takes confidentiality seriously. Investors, members, and staff all share experiences and opinions off the record. In this roundtable forum, we continue to model our fnValues of Reciprocity, Humility, Authenticity and Inclusivity. Read more about our Privacy Policy here.
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