Maples: Floodgate made 85x on Twitch despite forgetting they owned shares
Mike Maples, Jr. · Pattern Breakers: How to find a breakthrough startup idea | Mike Maples, Jr. (Partner at Floodgate) · Jul 7, 2024 · at 3:28
Mike Maples, Jr., founding partner at Floodgate, recounts how an unexpected 85x windfall from Amazon's acquisition of Twitch prompted him to research startup breakthrough patterns.
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“About 10 years ago, Twitch was acquired by Amazon for nine hundred and seventy million. And we made something like 85 times our money. And normally you'd think that's a really good thing. It was a good thing, but I had forgotten that I was even a shareholder at Twitch.”
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