The Ledger

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Disclosure
Maples: 85% of Floodgate founders stayed focused during SVB collapse
“85% of the founders that we worked with, and I feel really lucky, we made good choices of who we decided to go into business with, but 85% of the founders were just like on it, and we were just like taking care of business, right, and not wasting time on the s…”
Mike Maples Mar 24, 2023 ▶ 30:59 Mike Maples: Lessons from SVB; Crisis Management Tips; USD's Status as the Reserve Currency | E993 · 20VC with Harry Stebbings
Disclosure
Floodgate Invested in Zimride Two Years Before Its Lyft Pivot
“We made our investment in 2010, and the actual change didn't happen until 2012.”
Ann Miura-Ko Aug 12, 2021 ▶ 7:40 20VC: The Lyft Memo: Floodgate's Ann Miura Ko on Why Successful Seed Investing Is Not Investing In a Company But The Development of a Set of Secrets, Whether Capital Is a Defensible Moat Today &How Startups Should Approach Competition
Disclosure
Ann Miura-Ko Made Only Two Seed Investments by July 2021
“So we're in July. I've only made two investments at the seed stage.”
Ann Miura-Ko Aug 12, 2021 ▶ 13:35 20VC: The Lyft Memo: Floodgate's Ann Miura Ko on Why Successful Seed Investing Is Not Investing In a Company But The Development of a Set of Secrets, Whether Capital Is a Defensible Moat Today &How Startups Should Approach Competition
Disclosure
Miura-Ko: Floodgate launched with an initial fund size of $35 million
“It's thirty-five million dollars, and my great idea is that you should drop out of your PhD program and be my co-founder.”
Ann Miura-Ko Jul 4, 2016 ▶ 6:55 20VC: The 4 Required Powers For A Startup To Be A $500m Business with "The Most Powerful Woman in Startups", Ann Miura Ko, Co-Founder @ Floodgate
Assertion Not checkable as stated
Early Zimride Board Meetings Took Place Secretly in Stanford Law Dorms
“None of us had a boardroom. So I didn't have a boardroom. John and Logan were working in this one room office. I think Manu Kumar at Canine Ventures also, like, we're all just being scrappy at the moment. So we need a place where we can meet as a board to go o…”
Ann Miura-Ko Aug 12, 2021 ▶ 37:01 20VC: The Lyft Memo: Floodgate's Ann Miura Ko on Why Successful Seed Investing Is Not Investing In a Company But The Development of a Set of Secrets, Whether Capital Is a Defensible Moat Today &How Startups Should Approach Competition
Disclosure
Miura-Ko: Lyft Had Five Employees When Floodgate Invested
“So when I invested, I think there were five of them in a one room office in Palo Alto, and now we're an organization of a few thousand people.”
Ann Miura-Ko Aug 12, 2021 ▶ 31:22 20VC: The Lyft Memo: Floodgate's Ann Miura Ko on Why Successful Seed Investing Is Not Investing In a Company But The Development of a Set of Secrets, Whether Capital Is a Defensible Moat Today &How Startups Should Approach Competition
Assertion Not checkable as stated
Maples commuted to California for 18 months before founding Floodgate
“And then I came up to California to see what was happening in California this about 2004, and I decided if I was going to be in venture, I needed to do it in California. So I came up here without a job, and my kids were in school, so I'd fly up every Sunday ni…”
Mike Maples May 11, 2020 ▶ 3:16 20VC: Floodgate's Mike Maples on 3 Key Breakthroughs Startups Experience in Success, The Rise of Angel and Operator Funds, Multi-Stage Funds Re-Entering Seed Investing and The Insight Development Framework
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