Floodgate Co-Founder Mike Maples Jr. describes two types of conceptual debt that founders should avoid. One is technical debt, where a startup resolves a problem with a short-term fix that ultimately creates costlier issues in the future. The other is when a firm’s management system is weak or non-existent at the start, and then fails the business when it scales up.

Video clips from: Dare to Do Legendary Things [Entire Talk]

2 minutes

Make Your Life Legendary

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3 minutes

Create New Categories

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Have a Sense of Urgency

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Clarity of Business and Price

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The Dance of Product-Market Fit

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Network-Effects Businesses

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Capitalism and Competitive Advantage

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Technical and Management Debt

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Exponential Edge for Startups

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