Why Form 843 Managerial 2011-2023

Angel is brought to you by NetSuite from Oracle. It is the only system you need to run your business. Go to NetSuite.com/angel to get your free guide called "Crushing the Five Barriers to Growth." Hey everybody, welcome to Angel, the podcast. I'm your host Jason Calacanis, and this is the podcast where we talk to early-stage investors. Some of them are running incubators, like my guest today. Others are angel investors, and some are even venture capitalists. They all operate in what's called early-stage investing, which means the first 3 years of a company. As an angel investor, I invest in 30-40 companies a year with a fund and through Jason's syndicate.com. If you're an accredited investor, you can sign up and see the angel investments I'm making. It's a lot of fun. Read the book "Angel: The Book" at angelthebook.com. It's a book I wrote about my experience investing in 150 companies and the lessons I learned. Today's guest is Pete Flinch. He is an investor with nfx and also runs an incubator. We met when he was the CEO of Truly, a unicorn company. They went public in 2012 and were later acquired by Zillow for three and a half billion dollars. We both used to be Sequoia CEOs and got to know each other through that. But I want to go further back and talk about Pete's experience at a web 1.0 company called Lastminute.com. He joined the management team of the company, which started in 1998 and became iconic at the time. Lastminute.com was all about empowering people with the internet by offering unused inventory such as flights, hotels, and more at discounted prices for last-minute bookings. Pete worked with Brent, the founder of Lastminute.com, and joined the company as its first employee. Before Lastminute.com,...