Pete Flint

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Pete Flint
Born July 25, 1974 (1974-07-25) (age 43)
Essex, UK
Nationality British
Alma mater Oxford University, Stanford Graduate School of Business
Occupation Entrepreneur Internet Executive Investor
Employer Managing Partner at NFX, Formerly Board of Directors at Zillow
Known for Most successful British entrepreneur in SF Bay Area. Founding two billion dollar businesses.
Spouse(s) Married, 2 children
Website www.nfx.com

Pete Flint (born July 25, 1974) is a British Internet Entrepreneur and Investor based in San Francisco. He is the Founder and former Chairman and CEO of Trulia. Formerly he was part of the Founding team at lastminute.com where he was responsible for their highly successful growth and online marketing strategy. He is the most successful British entrepreneur based in the San Francisco Bay Area. He currently is a Managing Partner at NFX, the early stage venture capital fund focused on Network Effect Businesses.

Education and early career[edit]

Flint earned a First Class Bachelor’s degree and Masters in Physics from Oxford University[1] and an MBA from the Stanford Graduate School of Business.[2]

Shortly after graduating from Oxford University, Flint joined Brent Hoberman and Martha Lane Fox to start lastminute.com. He had previously worked alongside Hoberman at LineOne, a joint venture between New International and British Telecom, where Flint worked for less than a year.[3]

Flint spent five years at lastminute.com helping to scale the company from a business plan to a public company with 2000 employees and operations in 11 countries, Flint left lastminute.com to attend Stanford Graduate School of Business in 2003. lastminute.com was acquired by Sabre Group for $1.1Bn in cash in 2005.[4]

Trulia[edit]

Flint conceived of Trulia in 2004 while he was between the first and second year of his MBA course at Stanford while looking for off campus housing.[5] He observed that consumer usage to research real estate was growing rapidly, yet all the major websites in the category were not focused on delivering a compelling consumer experience and failed to provide compelling advertising products to tap into the billions of dollars that were being spent on real estate newspaper classified advertising.[6] Flint wrote the original business plan while at Stanford. Flint recruited a team of Stanford students to turn Flint’s concept into a company, of the original students that worked on the project, Sami Inkinen joined Flint to incorporate the company in June 2005.[7]

Flint was the driving force behind Trulia’s innovative product, revenue and user growth strategies that enabled it to navigate the 2008 financial and housing collapse and go on to become one of the most popular real estate mobile apps and websites, spending zero dollars on consumer marketing by the time it went public.

Flint scaled Trulia to become one of the leading online real estate companies in the US, raising $33M[8] in Venture Capital from Accel Partners and Sequoia Capital,[9] taking the company public with an IPO [10] on the NYSE in September 2012. Trulia merged with Zillow in a $3.5Bn in 2014 to create the world's largest real estate company.[11]

Investor[edit]

Flint has been an active angel investor and advisor to consumer Internet and network effect businesses, in December 2016 it was announced that he joined NFX as a Managing Partner.[12] NFX is an early stage venture capital fund based in the San Francisco Bay Area focused on Network Effect Businesses.

Philanthropy[edit]

Flint supports a number of charitable causes and is a Founder and the co-chair of the leading British Tech not for-profit Community GBx in the San Francisco Bay Area which brings together the leading British technology executives, investors and entrepreneurs.[13]. He is also a Founding Board Member of US based fast growing New Story Charity which builds sustainable communities in the places most in need. [14]

Recognition[edit]

A frequent speaker at technology and entrepreneurship conferences, Pete is featured regularly on CNBC, FOX, Bloomberg, WSJ, and The New York Times. He also is a guest lecturer at Stanford's Graduate School of Business.

In 2014, Pete Flint was named Northern California EY Entrepreneur Of The Year[15] One of Fortune Magazine's top tech disrupters.[16] Most admired CEO in the San Francisco Bay Area according to the San Francisco Business Times. [17] One of Forbes's Magazine's Most Powerful CEOs Under 40.[18] Flint has been named as one of the 100 most influential people in real estate by Inman magazine in 2008-2014.[19] One of the most powerful people in real estate in Swanepoel Power 200[20]. In 2016 Flint was named a Henry Crown Fellow at The Aspen Institute.

References[edit]

  1. ^ David Goldman (2014). "Trulia: US property search website" (PDF). Floreat Magdalena. 
  2. ^ Richard Feloni and Drake Baer (September 9, 2014). "The 25 Most Successful Stanford Business School Graduates". Business Insider. 
  3. ^ http://www.mercurynews.com/ci_21811772/mercury-news-interview-trulia-ceo-peter-flint
  4. ^ "Sabre to Buy British Online Travel Firm Lastminute.com". Los Angeles Times. May 13, 2005. 
  5. ^ http://www.ft.com/cms/s/0/9db12abc-3b09-11e3-87fa-00144feab7de.html#axzz3ItzOEKnM
  6. ^ Needleman, Sarah E. (July 17, 2013). "Trulia CEO says aspiring entrepreneurs need to be customer-obsessed and the very best in their industry". The Wall Street Journal. 
  7. ^ "Archived copy". Archived from the original on 2014-12-12. Retrieved 2014-12-12. 
  8. ^ http://www.crunchbase.com/organization/trulia
  9. ^ https://techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/
  10. ^ Benoit, David; Dietrich, Chris (September 20, 2012). "Trulia IPO Opens Up 30%, Leading IPO Wave". The Wall Street Journal. 
  11. ^ Cao, Jing (July 28, 2014). "Zillow to Acquire Trulia for $3.5 Billion in Stock". Bloomberg. 
  12. ^ https://www.wsj.com/articles/nfx-guild-lands-trulia-founder-for-software-focused-investing-team-1481545804
  13. ^ https://gbxglobal.org/
  14. ^ http://newstorycharity.org/
  15. ^ https://finance.yahoo.com/news/trulia-ceo-founder-pete-flint-200000198.html
  16. ^ http://archive.fortune.com/galleries/2012/technology/1207/gallery.brainstorm-tech-conference.fortune/18.html
  17. ^ http://www.bizjournals.com/sanfrancisco/event/37451.  Missing or empty |title= (help)
  18. ^ Smith, Jacquelyn. "No. 18 Peter Flint - In Photos: America's Most Powerful CEOs 40 And Under". Forbes. 
  19. ^ http://www.marketwatch.com/story/inman-news-names-trulia-ceo-pete-flint-innovator-of-the-year-2013-07-12
  20. ^ http://www.swanepoel.com/power200/2014-shortlist

External links[edit]