Starting Greatness

Oct 27/2022

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  In the early days of a startup, finding product-market fit is paramount. Once you have it, failure is almost impossible. Without it, you can do everything else right, and still fail. In this Breakthrough Lesson, Mike Maples, Jr of Floodgate discusses three heuristics for maximizing the odds of success: Find the right North Star, offer[...]
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  Michael Seibel didn’t set out to become a legendary startup founder. As a young man, his sights were set on politics, dreaming of a future on the Supreme Court. But his friendship with fellow Yale classmate Justin Kan led to a fortuitous cross-country trip to California that changed everything. In this episode, Mike Maples, Jr.[...]
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  Mike Maples, Jr. of Floodgate is back with a new season of his podcast, once called Starting Greatness, now renamed Pattern Breakers. The focus remains, but with increased ambitions. In this season intro, Mike explains his reasons for expanding the podcast's scope, what listeners can anticipate going forward, and details about a forthcoming book set[...]
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  Founders are naturally drawn to the tantalizing potential of their product reaching a vast market, but the route to victory starts with nailing a niche before going for the broader opportunity. In this lesson of greatness, Mike Maples, Jr of Floodgate calls on the lessons of Spotify co-founder Daniel Ek to examine how this is[...]
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  When he was a little boy growing up in Sweden, Daniel Ek was obsessed with two things: the binary realm of computers and the artistry of music. As a young adult, he combined his love for both by co-founding Spotify, which became the global standard-bearer for streaming, Spotify now has more than 500 million users[...]
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  Startup founders dealt with uncertainty, stress and trauma in the wake of the run on Silicon Valley Bank, but the most important lessons from this crisis never showed up in social media. In this lesson of greatness, Mike Maples, Jr of Floodgate calls on the actions of a variety of founders who showed incredible courage[...]
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  The recent run on Silicon Valley Bank led to a variety of accusations, recriminations and finger-pointing on social media, but how can FOUNDERS actually learn from the crisis? And what lessons can we learn from the founders who crushed it under tough circumstances? In this episode, Mike Maples, Jr welcomes Floodgate co-founder Ann Miura-Ko on[...]
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  When we REFUSE to accept mediocrity, we can start building greatness. But how can you avoid the pitfalls of learned helplessness and help your company break through the arbitrary limits that impede progress? In this lesson of greatness, Mike Maples, Jr of Floodgate calls on the lessons of Boom Supersonic founder Blake Scholl to examine[...]
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  More than fifty years after the first Concorde took flight, consumer air travel is actually SLOWER. Blake Scholl and his team at Boom Supersonic are out to reverse this stagnation and change how we think about commercial aviation. In this episode, Mike Maples, Jr of FLOODGATE interviews Scholl to learn more about the history of[...]
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  When a startup product goes to market, the two key muscles it can flex are marketing and sales. In nearly every facet of a startup product, marketing or sales takes the natural lead in getting the product to customers. But startups often pour resources into these two areas in unfocused ways, and the results can[...]
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  Mike Maples, Jr of Floodgate welcomes back go-to-market expert and Stanford Graduate School of Business lecturer Mark Leslie for the second of their two-part interview, this time focusing on the role and responsibilities of a CEO and a deep dive into Leslie’s Compass, an essential set of heuristics for every startup founder. Leslie also discusses[...]
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  When a startup launches a new product, it's tempting to ramp its sales force too quickly. Often, this leads to a crash-and-burn scenario for companies that failed to learn what it took for the *entire organization* to achieve product-market-fit. In this lesson of greatness, Mike Maples, Jr of FLOODGATE discusses how Mark Leslie's Sales Learning[...]
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  During the 1990s, Mark co-founded Veritas Systems, which he piloted from nothing to 6,000 employees and $1.5B in revenue in a decade. Now a lecturer in management at the Stanford Graduate School of Business, Leslie is one of the foremost experts in go-to-market strategy in Silicon Valley, and in the first of this two-part series[...]
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  We’re taught from a young age about *finite* sporting games like baseball, basketball, and soccer. Or board games like checkers or chess. Or academic games like grades and test scores. Or status games like credentials and university degrees. In these games, we know the rules and how to determine who scored the highest, according to[...]
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  Growing up in Germany, Shopify co-founder and CEO Tobi Lutke was never quite comfortable with people telling him to do things because that's the way they're done. In this episode, Mike Maples, Jr of FLOODGATE interviews Lutke to discuss the origins of Shopify, the difference between finite games and infinite games, and the reason it's[...]
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  Tim Westergren maxed out 11 credit cards, racked up hundreds of thousands of dollars in debt, and was rejected 348 times for a second round of funding for his revolutionary idea for a music streaming platform. But like any true artist, Westergren remained committed to his vision of creating an aesthetically more beautiful future with[...]
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  Too many people mistakenly believe that being a good entrepreneur comes from simply talking to customers and solving their pain. But the most impactful companies are built for aesthetic reasons - think of Twitter, Lyft, Apple, and Medium - and those companies serve as expressions of what their founders thought the world needed. In this[...]
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  Lots of people think about design from the perspective of how a product should look and function. But design can be applied to greatness on many more levels than most realize. In this lesson of greatness, Mike Maples, Jr of FLOODGATE discusses how you can design your opportunity, your team, your market, your category, your[...]
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  Qasar Younis and Peter Ludwig both grew up in the backyard of American automotive giant General Motors in Detroit, but didn’t cross paths until their days as product managers at Google. Since then they’ve pooled their affinity for cars and technology as the co-founders of Applied Intuition, a fast-moving startup that has already achieved greatness[...]
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  Your startup will face multiple WFIO moments on the path to greatness...COUNT ON IT. But that doesn’t mean you should let these moments get inside your head. In this lesson of greatness, Mike Maples, Jr of FLOODGATE discusses how every startup team MUST be prepared to take the initiative in the crucible of the WFIO[...]
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  Startups are romanticized AFTER they win. But it takes extraordinary grit to have what it TAKES to win. Ben Horowitz, the co-founder of Andreessen-Horowitz, is the perfect guest to tell it like it is, as he has for many years in his books "the Hard Thing About Hard Things" and "What You Do Is Who[...]
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  Moderna CEO Stephane Bancel understands that the task of a revolutionary startup is to manifest a radically different future, and not merely settle for a marginal improvement. But how did he make that future a reality with messenger RNA Therapeutics, and how can you do it with your startup? In this lesson of greatness, Mike[...]
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  What’s it like to run a startup that has achieved its goal of impacting humanity at a time of desperate need? Moderna CEO Stephane Bancel joins Mike Maples, Jr of FLOODGATE to discuss the power of taking offensive risks to seize unlikely futures with massive upside, sometimes with the result of changing the odds of[...]
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  Rahul Vohra shows us how game design can be used to make business products far more engaging and contribute to a state of flow. Since future success in business software and services is increasingly driven by product-led growth and bottoms-up adoption driven by end-users, mastering game design is vital for startups seeking greatness. In this[...]
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  Rahul Vohra of Superhuman has adopted some of the most cutting-edge approaches to making a business product people *want* to use, rather than have to use. In this episode, Mike Maples, Jr of FLOODGATE talks to Rahul about how any startup founder can apply the principles of game design to their products, and why this[...]
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  The conventional thinking is that a big total available market (TAM) is one of the most important factors in startup success. But Julia Hartz's success at Eventbrite shows the limits of this thinking. In this Lesson of Greatness, Mike Maples Jr of Floodgate talks about the difference between available markets and potential markets and offers[...]
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  Eventbrite CEO Julia Hartz didn't start out life thinking she would be a tech founder, but she has achieved a feat that's very rare: Starting a great startup and going the distance, even past IPO. She also navigated one of the toughest setbacks in recent tech history when the COVID-19 pandemic jeopardized Eventbrite's entire business.[...]
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  Most startups postpone pricing decisions until after the product is developed. They HOPE they can make money rather than KNOW they will at the outset. In this Lesson of Greatness, pricing guru Madhavan Ramanujam shows us that without a price, you literally don't have a product. Therefore, we should follow some of the best practices[...]
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  New startups fail for many reasons. Perhaps the most obvious is they can't get people to pay the necessary price for their products. Madhavan Ramanujam's book Monetizing Innovation, is the foremost guide in the industry for startups who want to make pricing a core part of their success rather than an afterthought. In this interview,[...]
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  The best startups almost always ride a wave that represents a sea change. Such waves give the founders the power to show up with a radically different idea that changes the subject -- and the future. In this lesson of greatness, Mike Maples Jr talks about how the example of Jerry Yang and David Filo[...]
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  Before Google or Facebook; prior to the days of snapping, tweeting, and texting....Yahoo was the original King of the Internet. But in the early days, Jerry Yang and David Filo weren't sure if it was even a valid business. In this episode, Mike Maples, Jr of Floodgate interviews Jerry Yang about what it was like[...]
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  Many startup founders would agree that team building is the most important part of startup success. But very few startups actually live it. The founders of Cloudflare offer key lessons in how to start with the right founding team, how to collaborate more effectively, how to design a company culture....and most importantly, how to make[...]
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  It takes a lot of effort to build a breakthrough product. It's perhaps even rarer to design a company that endures. In this interview, Mike Maples Jr of Floodgate interviews Matthew Prince and Michelle Zatlyn of Cloudflare to highlight what we can learn about how to get a startup's foundation right, along with recruiting, hiring,[...]
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  Most people think that risk should be avoided. But Vinod Khosla teaches us otherwise...Risk is something people *take* when they create breakthroughs. This lesson of greatness talks about the key frameworks for why this is the case as well as how to take risks intelligently to tilt the odds in your favor. Check out the new[...]
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  Vinod Khosla is a Silicon Valley legend, having achieved greatness as a founder with Sun Microsystems and as one of the best venture capitalists of all time. In this episode, Mike Maples, Jr of Floodgate talks to Vinod about why it's wrong for breakthrough builders to play it safe and how to turn the odds[...]
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  Startups change the future so they MUST be different, rather than better. Christopher Lochhead shows us how category designers realize that different is believable from a startup, but better is not. Any powerful startup idea pre-supposes an exponentially different future, which means your startup MUST change the way the people think about the future rather[...]
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  Christopher Lochhead is a bestselling author, #1-rated podcaster, and one of the best marketing minds of our time. As one of the co-inventors of category design, Christopher offers valuable insights for startups wanting to stand out in an ever noisier world. In this episode, Mike Maples Jr talks to Christopher Lochhead to clarify what category[...]
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  Many founders claim their startups contain network effects, but many of these claims only scratch the surface. Networks that achieve greatness are designed, with many trade-offs and factors in mind regarding the "nodes," how interactions take place, what causes people to stay engaged, and the types of relationships that get created. Anu Hariharan shows us[...]
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  Anu Hariharan from YCombinator's Continuity fund is one of Silicon Valley's top experts on network effects and how they can be applied to all types of different businesses. In this interview, Mike Maples of Floodgate talks to Anu about how a raw startup can design network effects into its business as a core strategy from[...]
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  David Sacks demonstrates how the best startup founders talk about causes much bigger than themselves or the companies they're building. Google was about organizing the world's information. Tesla was about moving the world to sustainability, not just selling cars. These startup leaders saw a world that they wanted to create and built a movement around[...]
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  David Sacks, known as one of the best startup product strategists and operators of the last 20 years, discusses key lessons learned from his tenure in the PayPal Mafia, where he was head of product, along with key takeaways as founding CEO of Yammer and what he learned from working directly with industry greats like[...]
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  Maybe you've struggled with needing to seem in charge or on top of a challenging situation, even when you're unsure of what to do. If so, you've likely heard the siren song that tempts you to be a know-it-all. But Matt Mullenweg shows us how the learn-it-all is most likely to achieve greatness. Check out Mike’s[...]
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  Wordpress CEO Matt Mullenweg talks with Mike Maples Jr of Floodgate about his early successes, setbacks, and what founders can learn from his continued growth as a manager and leader.  Check out the new Pattern Breakers Blog at patternbreakers.substack.com for even more Pattern Breaking content from Mike.
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  Mark Cuban shows us that it's not enough to play by the rules as they are defined. If you are going to achieve greatness as a startup, you need to find your EDGE...which means you have to outmaneuver your competition before they even engage with you on the competitive battlefield. You have to change the[...]
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  Mike Maples of Floodgate talks to Mark Cuban about a wide range of topics with a common theme...you have to go after opportunities where the stakes are high enough that when you win, you can win BIG. And as a corollary, you have to anticipate that giant competitors will try to stop you because otherwise,[...]
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  Annie Duke shows us that making high-quality decisions is one of the most important skills we can build for improving our odds of success in startups and in life. It's also a skill that can be sharpened and improved over time, regardless of how uncertain the circumstances. By adopting scientifically-proven frameworks from her books "Thinking[...]
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  (04:51) - Explaining what makes a decision good or bad (6:36) - On how memory creep impacts our view of Hilary Clinton’s 2016 campaign (11:30) - On the use of a knowledge tree to inform decision making (16:59) - Looking at Pete Carrol’s controversial decision in the Super Bowl   (26:16) - On founders falling into a trap around pricing[...]
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  Tim Ferriss' success shows the value of building real things for real people rather than creating abstract approximations that represent what's real. The lessons of getting real apply directly to startups who want to avoid the trap of unshaped work and indirect understanding of what customers are truly desperate for. Check out Mike’s interviews with[...]
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  (2:47) - Tim looks back at the origins of the 4-Hour Workweek and early incarnations of the book (9:30) - Mike and Tim discuss the idea of talking to real customers and of “getting real” to increase the chances of your startup’s success (12:41)  - Tim offers his thoughts on category design and the importance of creating[...]
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  In this opener for Season 2, Floodgate Co-Founder Mike Maples, Jr talks sets the agenda for a new season of Starting Greatness and plans for taking the show and content to the next level. Check out the new Pattern Breakers Blog at patternbreakers.substack.com for even more Pattern Breaking content from Mike.
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  Nancy Duarte emphasizes that storytelling has been one of the most compelling tools of persuasion for centuries. But founders embracing the storytelling form often make a crucial mistake: They cast themselves as the protagonist in the hero's journey, rather than the specific people they intend to persuade. Getting storytelling right means the founder is the[...]
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  Nancy Duarte has helped people like Al Gore tell an inconvenient truth, as well as some of the most important tech execs, get their stories told. She has cracked the code in applying story patterns to business communication. In this interview, Mike Maples, Jr of Floodgate asks Nancy for the most important ways that founders[...]
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  The future doesn't happen to us: It happens because of us. In this Lesson of Greatness, we introduce backcasting as a tool for entrepreneurs or people in any field who want to create a future that is meaningfully better and doesn't just bring forward the baggage of the past. Check out the new Pattern Breakers Blog[...]
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  The present has stopped working. Now, more than ever, we need breakthroughs that put us on a better trajectory. In this episode, we flip the script and Shane Parrish from the Farnam Street Blog and Knowledge Project interviews Mike Maples Jr of Floodgate about tools available to people who want to build a better future. Check[...]
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  Everyone knows a fragile team is more likely to fail. But an anti-fragile team is more than just resilient....it's more like a Hydra: When you cut off one of it's heads it grows two back in its place. Anti-fragile teams actually get BETTER when the environment around them is high-pressure and chaotic. In this lesson[...]
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  From his surprising beginnings as a shrimp farmer with Communist parents in Ecuador to his death-defying pivot from a failed startup idea to what is now Outreach, Manny Medina's story is both colorful and compelling. In this episode, Mike Maples, Jr of Floodgate discusses Manny's unconventional journey and his struggles and triumphs on the path[...]
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  Commander John Boyd was a fighter pilot who changed the art of war in the late 20th Century. He offers a vital lesson of greatness, especially in times of massive uncertainty: Decisive leaders take the initiative, ALWAYS. This episode describes why that's the case and how the philosophy of taking the initiative can help you[...]
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  Many startups face difficult choices when it comes to overcoming COVID-19. In this special episode, Mike Maples Jr of Floodgate interviews Steve Blank about techniques founders can use to shape circumstances rather than be shaped by them. Steve has a unique vantage point since he's weathered every dislocation affecting startups since 1978, including the 1987[...]
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  Bob Metcalfe has traveled in many orbits, but most recently he has been a professor at the University of Texas....so it seemed only appropriate to honor the unstoppable power of Metcalfe's Law in this lesson of greatness. Mess with it at your peril 🙂 Check out the new Pattern Breakers Blog at patternbreakers.substack.com for even more[...]
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  Bob Metcalfe has lived in the future since the late 1950s. And lucky for the rest of us, he has brought us along for the ride. In this interview, Mike Maples Jr of Floodgate talks to him about the origins of networked computing as well as the birth of "Metcalfe's Law." Check out the new Pattern[...]
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  Many say that in real estate, the key to success is location, location, location. A key lesson of greatness from Reid Hoffman is that for consumer products and network effects businesses, a key to success is distribution, distribution, distribution. In this Lesson of Greatness, Mike Maples Jr of Floodgate builds on this by outlining specific[...]
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  Reid Hoffman's success as a founder of LinkedIn, investor in Airbnb and Facebook, and charter member of the PayPal Mafia have a common thread - an intense passion for creating valuable networks with people at the center. In this episode, Mike Maples, Jr of Floodgate talks to Reid about key approaches for building valuable business[...]
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  In Crossing the Chasm Geoffrey Moore clearly lays out a very important idea: you need to appeal to a niche of visionaries, before pragmatists—or your startup will usually fail. In this Lesson of Greatness, Mike Maples Jr of Floodgate builds on this by showing that to get big, you have to start small. The episode[...]
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  Crossing the Chasm by Geoffrey Moores is the most influential book on technology go-to-market ever written, and for good reason. In this episode, Mike Maples Jr from Floodgate talks to Geoffrey Moore about how startup founders can apply its core principles to building great startups, as well as how to avoid critical mistakes.  Check out[...]
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  Great Startup Recruiting is surprisingly similar to great Startup Ideas: Just like you have to find undiscovered opportunities to start a great startup, you need to find undiscovered talent to build a great startup team. In this Lesson of Greatness, we discuss how to find great undiscovered talent and five key factors to look for. Check[...]
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  Few people in the history of startups have seen more examples of excellence than Keith Rabois. Not surprisingly, Keith is also one of the best investors in Silicon Valley, having achieved great success as an Angel and now at Founders Fund. Check out the new Pattern Breakers Blog at patternbreakers.substack.com for even more Pattern Breaking content[...]
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  It's tempting to start a company when it meets the conditions of your "master plan." But sometimes you realize that an idea has visited you and it is now or never...you must either plunge in and take the chance NOW, or watch from the sidelines while someone else makes it happen. Check out the new Pattern[...]
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  Todd McKinnon co-founded Okta when most around him thought it was a bad idea. And soon, he started to wonder if they were right. Was he cut out to be a startup company builder? But eventually, he proved to everyone (and most importantly to himself) that he was right to believe from the very start. Check[...]
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  What job should a desperate customer hire YOUR product to do? Answering this question is key to unlocking a key lesson of greatness. Here we discuss how the Instagram founders illustrate this lesson perfectly and how you can apply it to your own success as a startup founder. Check out the new Pattern Breakers Blog at[...]
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  Find out how Kevin Systrom and Mike Krieger trusted their instincts and overcame rookie mistakes on the way to building Instagram, which now gets close to 100 Million photos uploaded a DAY.  Check out the new Pattern Breakers Blog at patternbreakers.substack.com for even more Pattern Breaking content from Mike.
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  The Startup Rollercoaster is not fun, but it's a reality of startup life. The great founders learn to manage it rather than be overwhelmed by it. In this lesson of greatness, Mike Maples summarizes key lessons from Kim Polese's success at this, as well as specific techniques to stay grounded through all of the inevitable[...]
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  Kim Polese, the founding product manager for Java at Sun, as well as co-founding CEO of Marimba, talks about how Java almost didn't come to be....as well as her experiences riding the startup rollercoaster as a high-profile, and ultimately successful startup founder. Check out the new Pattern Breakers Blog at patternbreakers.substack.com for even more Pattern Breaking[...]
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  If you want find greatness, you have to improvise to beat impossible over and over again. There is no course or framework to teach you how to do this. Instead, you must never surrender to any fear or obstacle you face.  Check out the new Pattern Breakers Blog at patternbreakers.substack.com for even more Pattern Breaking[...]
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  Osman Rashid, co-founder and original CEO of Chegg, talks about how Chegg’s startup team of misfit rebels navigated through a crazy sequence of near-death experiences…one day at a time…and lived to tell the tale of achieving greatness.  Check out the new Pattern Breakers Blog at patternbreakers.substack.com for even more Pattern Breaking content from Mike.
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  William Gibson, the cyberpunk novelist has said “The future is already here; it’s just not evenly distributed.” This perfectly describes a key lesson of greatness from Marc’s Netscape experience.  Check out the new Pattern Breakers Blog at patternbreakers.substack.com for even more Pattern Breaking content from Mike.
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  Mike Maples, Jr talks to Marc Andreessen, Co-founder of Netscape—the startup that launched the Internet era. What it was like when Netscape was about to blow up? What does he wish Netscape had done differently? -- and what lessons from its success are not fully understood? Check out the new Pattern Breakers Blog at patternbreakers.substack.com for[...]
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  “Getting out of the building” means something deeper than many realize. Mike Maples Jr explores why in this key lesson of greatness.  Check out the new Pattern Breakers Blog at patternbreakers.substack.com for even more Pattern Breaking content from Mike.
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  Steve Blank’s Customer Development methodology is one of the critical teachings of entrepreneurship over the last twenty years This episode explains why great founders are more like artists than normal business people and why getting out of the building is more about artistry than running a focus group.  Check out the new Pattern Breakers Blog[...]
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  Why proving a startup’s value hypothesis before testing its growth hypothesis is critical. Check out the new Pattern Breakers Blog at patternbreakers.substack.com for even more Pattern Breaking content from Mike.
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  Nextdoor today is worth more than $2 Billion and is used by 250,000 neighborhoods throughout the world. Silicon Valley types had doubts about their approach, but Sarah offers valuable ideas for finding the path to the light. One crucial hint is that users matter far more than the folks in the "chattering class."  Check out[...]
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  Learn why great startups have unique insights that defy conventional wisdom. Check out the new Pattern Breakers Blog at patternbreakers.substack.com for even more Pattern Breaking content from Mike.
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  The Co-founder of Benchmark Capital & Wealthfront explains the most important goal of a startup: how do you find product-market fit? As the man who coined the term, he’s the expert—and in this episode, he also shares lessons learned from legendary startup super performers such as Scott Cook, Reed Hastings, Don Valentine, and many others.[...]
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  In the Starting Greatness premier, Floodgate co-founder and podcast host Mike Maples, Jr., explains why greatness is a decision—and what questions you need to ask yourself to make your startup a success.  Check out the new Pattern Breakers Blog at patternbreakers.substack.com for even more Pattern Breaking content from Mike.

Host Mike Maples Jr from venture capital firm FLOODGATE offers lessons from the startup super performers’BEFORE they were successful’featuring interviews with some of Silicon Valley’s most legendary entrepreneurs and thought leaders, including Netscape co-founder Marc Andreessen, LinkedIn founder Reid Hoffman, Nextdoor co-founder Sarah Leary, Instagram founders Kevin Systrom and Mike Kreiger, and more.