Mike Maples: “You Have to Be Willing to Throw it all away” [video]

So I've been marginally involved with a couple of Mike Maple's less successful ventures. At digg, his involvement was basically put money on the table in one round, and (apparently) take money off the table at a higher valuation in a later round (not exactly "willing to throw it all away"). I've also been a customer of Egnyte.com, which seems starved for funds.

So in a world, where "entrepreneurs have all the power," what exactly does he bring to the table?

Apparently he impresses investors, but so did Bernie Madoff.