“Mike Maples had this term, 500K is the new 5 million… the shift of things like AWS, App Store… drove down the cost of starting a company.”
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Said on How I Invest with David Weisburd
How I Invest with David Weisburd · E436: Nnamdi Okike on Billionaires, Founder Psychology & the Venture Capital Bubble
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Sent a cold email to Mike Maples, booked a flight, met in person to learn his investing framework
“Mike Maples had this term, 500K is the new 5 million… the shift of things like AWS, App Store… drove down the cost of starting a company.”
“You know, getting 600 people to show up in Iron Mountain, Michigan, is not something that Mike Rogers could do in his wildest dreams. You know, we had a 1,500-person turnout in Port Huron.”
“Maple… you encrypt it through the private key inside the silicon… sent… decrypted inside the GPU… result encrypted back… provider doesn’t know your query”
“I sent an email ... I am increasing my equity rating by 20 percentage points. Why? Because my investment horizon is 40 years.”
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