Mike Maples Jr., Founding Partner at Floodgate, sits down with David Weisburd to discuss Mike’s new book “Pattern Breakers: Why Some Start-Ups Change the Future”. This is a masterclass on early-stage venture investing. Mike shares his views on identifying ideas and founders that led to his early investments in Lyft, Twitter, and Okta. They also cover how Mike thinks about fundraising from LPs, his learnings from legendary LP David Swensen, and the power and importance of pursuing non-consensus ideas. — 🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://www.turpentinenetwork.co/ — RECOMMENDED PODCAST: 🎙️The 10X Capital Podcast David Weisburd interviews LPs and GPs to examine the Venture Capital ecosystem through the lens of Limited Partners.  Spotify: https://open.spotify.com/show/2MHgyKMmJgznPI66MLxZfC  Apple: https://podcasts.apple.com/podcast/id1697772657  Youtube: https://youtube.com/@10xcapitalpodcast  — SPONSORS: 📑Discover Carta, the innovative end-to-end accounting platform revolutionizing private fund management with streamlined operations and on-demand insights. Experience the new standard at carta.com/investors. ☁️Oracle Cloud Infrastructure (OCI) is a single platform for your infrastructure, database, application development, and AI needs. OCI has four to eight times the bandwidth of other clouds and offers one consistent price. If you want to do more and spend less, take a free test drive of OCI at https://oracle.com/turpentine 💥 Head to Squad to access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com/ and mention “Turpentine” to skip the waitlist. — LINKS: Floodgate: https://www.floodgate.com/ Pattern Breakers Website: https://www.patternbreakers.com/ Pattern Breakers: Why Some Start-Ups Change the Future: https://www.amazon.com/Pattern-Breakers-Start-Ups-Change-Future/dp/1541704355  10x Capital Newsletter: https://10xcapitalpodcast.com/ — X / TWITTER: @m2jr (Mike Maples) @dweisburd (David Weisburd) @TurpentineVC — TIMESTAMPS: (00:00) Intro (01:03) Introduction to "Pattern Breakers" (02:22) The role of startup capitalists (04:40) The Twitter story and insights on early-stage investing (07:04) The importance of founder future fit (15:13) Product market fit: deciding when to pivot vs. stay the course\ (21:33) Sponsors: Carta | Oracle (23:22) Insights empowering new business models (28:48) Creating movements and the role of passion (33:19) Building relationships with LPs (38:39) Sponsor: Squad (39:45) Advice for new VCs raising money (41:44) The importance of pursuing non-consensus ideas (45:18) Lessons from David Swensen (49:28) Benefits of a compatible partnership (51:16) Circle of competence and competitive advantage in VC (53:54) How to find Mike’s new book "Pattern Breakers"