San Francisco – Mike Maples, whose investment vehicle Maples
Investments has over the past five years backed firms including Twitter, Digg,
Smule and Gowalla, announced on Wednesday the launch of a full-fledged venture
capital firm, dubbed Floodgate, TechCrunch reported.
Maples said that Ann
Miura-Ko will be brought in as his first full-time partner and co-founder of
Maples calls his investment strategy the "Super Angel"
model, seeking out potentially "disruptive" technologies at early
"Looking at the world through the eyes of the entrepreneur, we’ve
filled a widening gap between Angel investors and venture capital firms,"
reads a note on Floodgate.com.
"But we help companies with more than just
fundraising: we help them discover, refine, evolve, and master the core
elements of their businesses so they will be in the best possible position to
one day ‘open the floodgates’ to market disruption and dominance."