Product Pivots To Success
Share
Mike Maples shares examples of how successful startups often evolve from completely different initial ideas.
"90% of your profits come from things that started out different. Lyft started as Zimride, Twitter - they couldn't decide whether to call it voicemail 2.0 or twttr, Twitch started as Justin.tv, Okta started as Sasher.
This is why I believe a startup isn't a company at all - it's the insights and the founders. You make fun of your ability to predict what they're going to come up with. It is false precision to even try. Instead, where you should be precise is: can these people do the job and is this a powerful enough breakthrough insight?"
Mike Maples
Early-stage startup investor with a keen eye for outliers. Partner at Floodgate Fund, backing companies like Twitter, Twitch, and Okta.
Bestselling author who focuses on innovative and disruptive technologies. Aims to identify startups with significant growth potential in their respective fields.