Maples: Startups Create Value by Changing the Subject, Not Compounding Moats
Mike Maples · Mike Maples: Your Startup Idea Isn’t Crazy Enough—And it's holding you back | Mike Maples, Founde... · PMF Show · Jul 17, 2025 · at 3:18
Mike Maples, founding partner at Floodgate, explains his core investment thesis on why breakthrough startups must be pattern breakers rather than incremental improvers.
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“A startup capitalist is a different type of capitalist that they don't They don't create value through persistent compounding or competitive moats. They create value by changing the subject. And they break the pattern of how people do things. And only by doing that, do they change the future. And only by being radically different, can you make a radical difference.”
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