Insight certainty 4/5 debate potential 2/5

Mike Maples Jr.: Startup Teams Must Operate Like Improv Jazz Bands, Not Marching Bands

Mike Maples Jr. · #77 Mike Maples: Living in the Future · Mar 3, 2020 · at 10:05

Mike Maples Jr., founding partner at Floodgate, explains why early-stage startups require improvisational team dynamics rather than corporate management frameworks.

0:00 / 1:04exact quote · 64.7s
720p mp4 · rendered on demand · StarZero watermark
“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 know if you've ever been to New Orleans and seen improv jazz, but it's, you know, with improv jazz, you have a tune, but you're kind of going in a direction and usually the lead performer Starts to do a riff and goes in a different direction. The rest of the band just kind of goes with them. And so that, that tune is never going to be played exactly that same way ever again. And startups are a lot like that. They're these close knit teams of people who enjoy the craziness of the ambiguity and they enjoy improvising and they understand that startups are ambiguous and that you're trying to improvise your way to success rather than, you know, have Objectives and key results and a lot of the basic management frameworks that a larger company needs.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Mike Maples Jr.

Insight
Maples: Searching for market white space causes startup failure
“Insights are the bedrock of a great startup. And the failure mode in insight development is to live in the present and to look for market white space. Because if you're looking for gaps in today's markets, chances are lots of people have tried that. And if you…”
Mike Maples Jr. Mar 3, 2020 ▶ 8:41 #77 Mike Maples: Living in the Future
Insight
Maples: Startups should charge customers even when products are half-done
“We'd be better off charging a price when the product's half done, because, you know, then we're going to find out how visceral is the pain and how compelling is the value that we're here to deliver for them.”
Mike Maples Jr. Mar 3, 2020 ▶ 31:08 #77 Mike Maples: Living in the Future
Prediction Not checkable as stated
Maples: Software-defined networks will replace traditional corporate hierarchies across every sector
“Every sector of the economy Is going to get reimagined from a traditional hierarchical corporation to a software defined network that has machine platform and crowd intelligence.”
Mike Maples Jr. Mar 3, 2020 ▶ 55:51 #77 Mike Maples: Living in the Future
Insight
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…”
Mike Maples Jr. Mar 3, 2020 ▶ 1:14:01 #77 Mike Maples: Living in the Future
Insight
Maples: Product-Market Fit Means Eliminating Every Bottleneck Before Scaling
“Product market fit can be thought of as progressively eliminating all Herbie's until there are no more Herbie's. And then you're in a mode where you can invest in growth because it's frictionless.”
Mike Maples Jr. Mar 3, 2020 ▶ 1:20:41 #77 Mike Maples: Living in the Future
Insight
Maples: Involuntarily replacing a startup CEO almost always worsens the company
“What I found is that when you replace the CEO involuntarily, you almost always make the company worse.”
Mike Maples Jr. Mar 3, 2020 ▶ 1:23:39 #77 Mike Maples: Living in the Future
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.