The Danny Miranda Podcast

Podcast Notes Key Takeaways

• “Ruling institutions often go from being service providers to rent-seekers”– Mike Maples Jr.
  • The ability to exit is what gives your voice its power
    • Bitcoin provides you an exit opportunity from the centralized financial system
    • Covid has digitally separated work from location, creating exit power over local governments
  • Governments are being forced to treat us more like customers again rather than assets because more options emerge from the decentralization of products/services
• Category Design: Trying to be the better choice isn’t credible, being different is believable
  • “I’m not the best, I’m the only. You want to force a choice and not a comparison.” – Mike Maples Jr.
• Scalable start-ups that design new product categories are the way to defeat your susceptibility to inflation
  • Contributing towards existing institutional product categories only creates further dilution of the dollar down the corporate production line – feeding the machine per se
  • The phrase ‘the robots are going to eat your job’ is political speak to uphold industrial-era social contracts that maintain organizational power
  • Don’t subordinate your creativity as a trade-off for organizational hierarchy
• Software gives people the ability to create a scalable business and participate in a more net positive, competitive, and decentralized business ecosystem
  • Competition drives innovation, the ‘robots’ are going to create more opportunity for the entrepreneur
  • “The future doesn’t happen to us, it happens because of us” – Mike Maples Jr.

Read the full notes @ podcastnotes.org

Mike Maples Jr. is the co-founder of Floodgate (early investor in Twitter, Twitch, and Lyft) and the host of the Starting Greatness Podcast.

In this conversation, we spoke about surviving how an entrepreneur survives near-death experiences, the balance of centralization vs. decentralization, why you should seek to join a breakthrough company, and how to manage your own psychology.

Emoji to describe this episode: 🤯

Mike's Links

Starting Greatness Podcast / Twitter

Advice by Patrick Collison

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