Maples: 90% of early-stage venture profits come from pivoted startup ideas
Mike Maples · 4 Big Trends and $0 to $1 Billion Startup Idea Frameworks | My First Million #191 · Jun 16, 2021 · at 29:36
Floodgate co-founder Mike Maples points to investments like Lyft (Zimride), Twitch (Justin.tv), and Twitter to explain why trying to predict initial product success is false precision.
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“90% of your profits come from things that started out different, and so my theory on that is the way to succeed is to realize that a startup isn't a company at all, and that it's the insights and the founders, and you're, you make fun of your ability to predict what they're going to come up with, that is false precision to even try”
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