Trulia founder Pete Flint: “Either the world was ending, or we had an opportunity”

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9 • 654 Ratings

🗓️ 2 December 2017

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Sunday Times tech correspondent Danny Fortson brings on Pete Flint, founder of Trulia and partner at NFX, to talk about his plans to remake the venture capital industry (3:15), growing up in Essex (6:00), his brief investment banking experiment (8:00), helping lastminute.com get off the ground (9:45), surviving the dotcom bubble (11:00), decamping for California (12:45), starting Trulia (13:45), getting his first investors (16:05), being hit by the financial crisis (19:10), the famous ‘RIP Good Times’ memo (20:35), making the most out of a crisis (22:15), desperation cold-calling (24:40), floating in New York (25:45), selling his business for $3.5bn (27:15), celebrating a $150m payday (30:30), becoming an angel investor (32:00), being pitched a cyborg startup (33:45), starting at NFX (35:40), how the UK is catching up to Silicon Valley (36:30) why he will be staying in California (38:40), and his worst day of work (40:00).

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Transcript

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0:00.0	I'm always up before the birds and the kids.
0:02.9	Good thing Costa Express is always up too.
0:07.0	Early starts are easier with great coffee.
0:09.7	And if I grab one for Bob, I might even get some decent company.
0:14.5	Large cappuccino for the bloc who's half asleep.
0:17.2	Oh, you legend.
0:19.6	Now that's a proper coffee.
0:21.3	Should kick in Justin Samfut to remember which end of the screwdriver to use.
0:25.1	Hmm.
0:26.3	Costa Express.
0:27.8	Quality coffee every time.
0:32.3	Yo, technology.
0:35.5	What is it all about?
0:37.0	He felt terrible because he was totally going to ruin my vacation hello hello
0:43.3	and welcome back to danny in the valley uh thank you as always for tuning in um have a great show for you
0:50.1	today i'm talking to pete flint who's Brit. He's been out here in Silicon Valley for
0:55.7	14 years. He actually got his start in the late 90s at Last Minute.com. Then he came out here
1:02.7	and started another company called Truly a real estate listings website that started out small,
1:08.8	got very big, very quickly. And and he sold it he listed it on
1:13.5	the stock market and then sold it a couple years ago for three and a half billion dollars
1:18.8	that netted him a payday of 150 million bucks so not bad going so since then he has remade himself
1:26.4	into an angel investor and now a professional
	...

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