![Stanford Entrepreneurship Videos show](https://d3dthqtvwic6y7.cloudfront.net/podcast-covers/000/028/130/small/stanford-entrepreneurship-videos.jpg)
Summary: 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.