Video instructions and help with filling out and completing Why Form 843 Managerial

Instructions and Help about Why Form 843 Managerial

Angel is brought to you by NetSuite from Oracle the only system you need to run your business go to NetSuite comm slash 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 investors early stage investors now some of them are running incubators like my guest today others are angel investors some have small angel funds and some are even venture capitals but they all operate in what's called what we would call early stage investing which means day 0 to day 1,000 first 3 years of a company as far as I'm concerned is the early stage now what do I do as an angel investor I invest in 30 40 companies a year and I do it with a fund and with Jason's syndicate comm which if you are an accredited investor you can go there and sign up and you can see the angel investments I'm making and potentially join us as we invest in companies it's a lot of fun read the book angel the book comm it's a book I wrote about my experience investing in 150 companies the lessons I learned hitting six unicorns in 125 investments now my guest today is Pete flinch and he not only is an investor now with nfx and running an incubator that has just great buzz and it's relatively new but I met him when he was the CEO of truly a unicorn I believe you hit unicorn status did you at least yeah yeah which was sold to Zillow tremendous do you truly go public and then got bought by Zillow yeah so we went public in 2012 and the an acquired or merged stock first off merger with Zillow in 2015 for three and a half billion amazing congratulations and we met because we were both Sequoia CEOs you made some dinner sometime yeah long ago but I want to go a little further back normally on this program we get right into angel investing but I won't just get a little history from you because you also worked on a web 1.0 company which and I was in love with when I was a journalist in the nineties called last-minute conquer am i correct yeah now you weren't the founder of last minute you joined the managed team what was your role at last minute calm so see ya last window calm fascinating web 1.0 except this business and why it was such a juggernaut and so inspiring to people nearly days yes it's a last-minute calm start in 1998 20 years ago this year in in London yep and the and the basic idea which was like this empowering nation of the internet was taking this unused inventory whether that's flights hotels theater tickets restaurant bookings that was essentially unsold at the last minute putting that onto the internet some opaque pricing but certainly discounted pricing enabling people to take advantage of this last minute breaks lost but no hotels last-minute flights and it was you know an iconic Internet company at the time so we went so I joined so I used to work with Brent at a previous he was around but he was the founder Brent Hoberman Brent samatha family you worked at near no company before that in 1988 what was that company so it was a small insect company was is it Accenture JV between British Telecom and News Corp no national says basic the access of trying to be the air a well of Europe was basically the connectivity a British to so at nine 5 1967 says I graduated 97 as my first job incredible and when you're right there at the dial-up stage of the internet yeah pretty much so apps at no this is definitely so I've might Anat and then the internet company before that in 96 with a company called Elfie creative which was like this tiny incidence shooter so literally this was like now I am so my foreign to the inset with I was I took a job while as a university a JP Morgan because I was like huh Oxford or something looks videos I guess behind or that your accent uh and you're successful okay well is that the number one school didn't came with your perceived which was better in your opinion Oaks it of course no which was hard to get um would it be like Harvard versus Stanford would that be a fair comparison Cambridge versus Oxford well I think they're a little bit like I mean inside different things for different you know different subjects so like Oaks is could something and Imperials very good for software data good science but the you know anyway for me it was like I went against the internet yeah and I wrote to every Internet company in 96 of which there were 32 companies and one gave me a job as Delfy that kind of became lime one and then anyway I met Brent at line one and then and then when he started last minute in 98 yeah I joined him his first employee it was such a great concept I just loved it like it was predating Groupon which was like group buying I am it was it became a phenomenon in Europe because I think young people would on a Thursday or Friday be like let's go to Ibiza let's go to Berlin for $100 for $50 for $25 a night whatever it was a I mean literally phenomena so we so we started in 98 when public in March March the 12th 2000 and you remember that was Sofia the Nasdaq so we raised like 200 million like and literally months later the Nasdaq went from 5,000 to 1500 oh and it was like I mean literally