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Technical and Management Debt

Mike Maples Jr., Floodgate

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.