Pete Flint

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Pete Flint
BornJuly 25, 1974 (1974-07-25) (age 45)
Essex, England
NationalityBritish
Alma materOxford University, Stanford Graduate School of Business
OccupationEntrepreneur, Internet executive, investor
EmployerManaging partner at NFX, formerly board of directors at Zillow
Known forMost successful British entrepreneur in SF Bay Area; founding two billion dollar businesses
Spouse(s)Married, two children
Websitewww.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. 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 bachelor's degree and master's 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 2,000 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 $1.1 billion in cash in 2005.[4]

Trulia[edit]

While looking for off campus housing in 2004, between the first and second year of his MBA course at Stanford, Flint conceived of Trulia.[5] He observed that the number of consumers researching real estate was growing rapidly, yet all the major websites in the category were not focused on delivering a compelling consumer experience. These websites also failed to provide compelling advertising products because they did not tap into the billions of dollars being spent on advertising in the real-estate newspaper classifieds.[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 the company to navigate the 2008 financial and housing collapse and go on to become one of the most popular real estate mobile apps and websites. By the time Trulia went public, it was spending zero dollars on consumer marketing.[citation needed]

Flint scaled Trulia to become one of the leading online real estate companies in the US. He raised $33 million[8] in venture capital from Accel Partners and Sequoia Capital,[9] and took the company public with an IPO [10] on the NYSE in September 2012. In 2014 Trulia merged with Zillow in a $3.5 billion acquisition 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 a co-chair of the British tech not-for-profit community GBx. GBx brings together the leading British technology executives, investors, and entrepreneurs in the San Francisco Bay Area.[13] He is also a founding board member of New Story charity, which builds sustainable communities in the places most in need.[14]

Recognition[edit]

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

In 2014, Flint was named Northern California EY entrepreneur of the year.[15] He has also been named one of Fortune magazine's top tech disruptors,[16] most admired CEO in the San Francisco Bay Area according to the San Francisco Business Times,[17] and one of Forbes magazine's most powerful CEOs under 40.[18] Flint was named one of the 100 most influential people in real estate by Inman magazine in 2013[19] and 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. ^ "Mercury News interview: Trulia CEO Peter Flint". Mercurynews.com. 19 October 2012. Retrieved 10 October 2018.
  4. ^ "Sabre to Buy British Online Travel Firm Lastminute.com". Los Angeles Times. May 13, 2005.
  5. ^ "Subscribe to read". Financial Times. Retrieved 10 October 2018.
  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.CS1 maint: archived copy as title (link)
  8. ^ "Trulia". Techcrunch.com. Retrieved 10 October 2018.
  9. ^ "Sequoia Leads Trulia's $10 Million Series C". Techcrunch.com. Retrieved 10 October 2018.
  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. ^ Martin, Scott (12 December 2016). "NFX Guild Lands Trulia Founder for Software-Focused Investing Team". Wsj.com. Retrieved 10 October 2018.
  13. ^ "GBx". Gbxglobal.org. Retrieved 10 October 2018.
  14. ^ "New Story - Build Home and Communities to End Survival Mode Living". New Story. Retrieved 10 October 2018.
  15. ^ "Trulia CEO and Founder Pete Flint Named a 2014 Northern California EY Entrepreneur Of The Year™". Yahoo Finance. 11 June 2014. Archived from the original on 13 November 2014. Retrieved 26 March 2019.
  16. ^ "36 of tech's most powerful disruptors". Archive.fortune.com. Retrieved 10 October 2018.
  17. ^ "Bay Area's Most Admired CEO Awards". Bizjournals.com. Retrieved 10 October 2018.
  18. ^ Smith, Jacquelyn. "No. 18 Peter Flint - In Photos: America's Most Powerful CEOs 40 And Under". Forbes.
  19. ^ "Inman News Names Trulia CEO Pete Flint Innovator of the Year". Marketwatch.com. Retrieved 10 October 2018.
  20. ^ "2019 Swanepoel POWER 200". Swanepoel.com. Retrieved 10 October 2018.

External links[edit]