Insight certainty 4/5 debate potential 2/5

Thomas Tull warns founders against maintaining failing theses just to show grit

Thomas Tull · 20VC: Founding Legendary Entertainment and Creating Batman, The Hangover and 300, The Importance of Luck vs Skill in Success, How Relationships to Money Change & Why Velocity is the Most Important Factor in Company Building Success with Thomas Tull · Apr 4, 2022 · at 26:19

Thomas Tull, founder of Legendary Entertainment and Tullco, discusses startup failure and knowing when to pivot versus persevere.

0:00 / 0:05exact quote · 5.6s
720p mp4 · rendered on demand · StarZero watermark
“You can't just keep banging your head against the wall just to say, I'm showing grit. I'm being persistent.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Thomas Tull

Prediction Didn’t hold up
Tullco guarantees full follow-on capital for portfolio companies until IPO or exit
“We tell the companies that, you know, you really don't have to raise capital again. We'll provide the capital that you need until we get to a place where you're going to go public or You know, something's going to happen”
Thomas Tull Apr 4, 2022 ▶ 24:10 20VC: Founding Legendary Entertainment and Creating Batman, The Hangover and 300, The Importance of Luck vs Skill in Success, How Relationships to Money Change & Why Velocity is the Most Important Factor in Company Building Success with Thomas Tull
Opinion
Thomas Tull calls Legendary's early Batman partnership with Christopher Nolan pure luck
“So in terms of pure luck, meeting a young director named Chris Nolan, and being able to, you know, to start off legendary with doing Batman Begins and The Dark Knight, and some other movies with Chris Nolan, that's pure luck.”
Thomas Tull Apr 4, 2022 ▶ 18:33 20VC: Founding Legendary Entertainment and Creating Batman, The Hangover and 300, The Importance of Luck vs Skill in Success, How Relationships to Money Change & Why Velocity is the Most Important Factor in Company Building Success with Thomas Tull
Opinion
Thomas Tull argues public markets are completely disconnected from actual company value
“The public markets to me are completely disconnected from reality, good and bad.”
Thomas Tull Apr 4, 2022 ▶ 34:08 20VC: Founding Legendary Entertainment and Creating Batman, The Hangover and 300, The Importance of Luck vs Skill in Success, How Relationships to Money Change & Why Velocity is the Most Important Factor in Company Building Success with Thomas Tull
Insight
Thomas Tull says success shifts founders from grinding to pattern recognition
“The older that you get and the more success that you get under your belt, like anything else, you can go from just grinding all the time to pattern recognition.”
Thomas Tull Apr 4, 2022 ▶ 12:03 20VC: Founding Legendary Entertainment and Creating Batman, The Hangover and 300, The Importance of Luck vs Skill in Success, How Relationships to Money Change & Why Velocity is the Most Important Factor in Company Building Success with Thomas Tull
Disclosure
Thomas Tull passed on early Uber and Airbnb investments
“I had an opportunity to invest in Uber and Airbnb early. And to be honest, I completely missed the shared economy. I just thought, that's strange. You know, you would go and rent someone's room or you would, and obviously completely blew that and didn't have a…”
Thomas Tull Apr 4, 2022 ▶ 33:07 20VC: Founding Legendary Entertainment and Creating Batman, The Hangover and 300, The Importance of Luck vs Skill in Success, How Relationships to Money Change & Why Velocity is the Most Important Factor in Company Building Success with Thomas Tull
Disclosure
Thomas Tull invested heavily in Genies while avoiding direct cryptocurrency exposure
“With the crypto stuff, I don't own a lot of it. I'm a big investor in Genies, which is, you know, a company here in the States that everything from intelligent emojis to NFT and sort of web three O stuff. But I haven't gone deeply into the crypto stuff just be…”
Thomas Tull Apr 4, 2022 ▶ 33:26 20VC: Founding Legendary Entertainment and Creating Batman, The Hangover and 300, The Importance of Luck vs Skill in Success, How Relationships to Money Change & Why Velocity is the Most Important Factor in Company Building Success with Thomas Tull
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.