Floodgate

How This Seed Fund Grew to $1B by Backing Startups

February 28th, 2025

Founded By
Mike Maples Jr.
Monthly Revenue
$167K
Starting Costs
$500K
Days To Build
2
Founders
2
Profitable
Yes
Days To Build
2
Year Started
2006
Customer
B2B

Who is Mike Maples Jr.?

Mike Maples Jr. is a Stanford and Harvard MBA graduate who, before becoming a renowned investor, was a founder and executive at startup IPOs like Tivoli Systems and Motive. He co-founded Floodgate, a pioneering seed fund, after recognizing a shift in how companies could be started with less capital.

What problem does Floodgate solve?

Floodgate helps aspiring startups by providing them with the initial capital needed to test and validate their ideas, allowing founders to avoid the costly mistake of overfunding before proving their concept's viability.

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