Mike Maples Jr.
24 statements across 1 episodes · 7 bullish · 5 bearish · 1 people on the record · first statement Mar 3, 2020 by Mike Maples Jr. · across every show →
On the record as a speaker too: Mike Maples Jr.'s record, appearances and statements → this page counts the times other people say the name.
Everything said about Mike Maples Jr., oldest first
Mar 3, 2020
Maples: Startups Must Achieve Three Crucial Breakthroughs to Become Real Companies
“What a startup has to do to become a company someday is they have to achieve three or four crucial breakthroughs. One is they have to have a breakthrough insight. And then they have to have a breakthrough value proposition. And then they have to have a breakth…”
Mar 3, 2020 positive
Mar 3, 2020
Maples: Defining characteristic of startup leaders is artistry, not business expertise
“There is a, I believe a big element of startups where a business function is not the right way to describe an entrepreneur. Entrepreneurs aren't experts in business functions as you and I would think about them. Yes, very often they're technical, but the defin…”
Mar 3, 2020 positive
Maples: Non-consensus right insights give startups time to build without competition
“And so, you know, great insights avoid the trap, you know, the best competitive strategies to not compete with anybody.
And if you find a non-consensus and right insight, then you've got much more time to develop the idea without the threat of competition.”
Mar 3, 2020
Mar 3, 2020 negative
Maples: Floodgate avoids funding founders who have not quit their day jobs
“So, so for example, I don't react super well to we're all still working at our jobs and we can't wait to leave as soon as we get funded.
So I I'm like, look, if you're not passionate enough to leave your job and do this full time, why would I be passionate en…”
Mar 3, 2020
Maples: Customers failing previous solution attempts validates startup market need
“And you know, you're on the right scent when they say, oh yeah, we tried that already before, but it didn't work. And most people think that's bad, but it's good. And the reason it's good is because they know they have the problem. And they've actually done so…”
Mar 3, 2020
Mar 3, 2020 negative
Mar 3, 2020
Mar 3, 2020 negative
Mar 3, 2020
Maples: Compelling value propositions turn growth into education, not persuasion
“And so if the truth of your value proposition is super compelling, then growth becomes the exercise of syndicating the truth. And if the truth of your value proposition is not present, you have to grow by throwing money at the problem of growth. You have to sp…”
Mar 3, 2020 positive
Maples: Great startup leaders prioritize vision actualization over crowd approval
“What I find in the great startups that I've seen is the great leaders are very often willing to be disagreeable. And they're not motivated as much by approval seekers, or they don't seek approval as much as they seek the actualization of their vision.”
Mar 3, 2020 positive
Mar 3, 2020 positive
Mar 3, 2020
Maples: Consumer Mobile Apps Must Prioritize Distribution Over Early Monetization
“If you're a consumer mobile app, you might iterate twice a week or even more often. And if that's the case, I care very little about how you're a monetize. I care more about are you coming up with clever ways to get distribution to spread your idea very quickl…”
Mar 3, 2020
Mike Maples Jr.: Startup Teams Must Operate Like Improv Jazz Bands, Not Marching Bands
“Teams are different in startups than they are from companies because I like to say that in a company, it's more like a marching band. People need their sheet music and they need to dance in formation and play their instruments in exact terms. Whereas I don't k…”
Mar 3, 2020 negative
Mar 3, 2020
Mar 3, 2020 negative
Maples: On-the-job training fails during startup growth phase
“On the job training doesn't work in the growth mode of a startup, because if we have to TEDx our revenue in 18 months, we can't learn that on the job. We have to have people in those roles that know the job and can be trusted to execute.”
Mar 3, 2020
Maples: Early Customer Discovery Requires 20 Non-Pitch Target Market Interviews
“The rule of 20 was, you talk to 20 people that don't really know you, but that are in your target market segment. But they're not talking to you just because they're your buddies. The first five discussions you have, you just sit there, and you just ask them a…”
Mar 3, 2020
Maples: 100% confirming experiments waste time compared to negative data
“The worst thing is an experiment that a hundred percent confirms everything you believed, because then you just wasted time teaching yourself what you already knew. Even negative data is good in the sense that you now know more.”
Mar 3, 2020 positive
Maples: Best founders confront their existential boogeyman risks early
“The best founders I know, know what are the most important risks that stand between themselves and success. And they tackle those risks early, because if you eliminate those risks, you massively improve the probabilities of winning, as well as you make the com…”
Mar 3, 2020 positive
Maples: Exponential organic growth driven by customer enlistment indicates product-market fit
“One of the great heuristics of true product market fit is exponential organic growth. And exponential organic growth happens because your enlisted customers tell cross-referenceable other people, this product rocks. And it's the most efficient way to grow beca…”