Thomas Tull is the founder of Legendary Entertainment and Tullco LLC. He discusses his early business career in an economically challenged neighborhood.
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“And, you know, so the area I grew up in was economically challenged and needed laundromats. Tried to apply some innovation to laundromats with dynamic Pricing and some other things.”
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More from Thomas Tull
PredictionDidn’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 TullApr 4, 2022▶ 24:1020VC: 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 TullApr 4, 2022▶ 18:3320VC: 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 TullApr 4, 2022▶ 34:0820VC: 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 TullApr 4, 2022▶ 12:0320VC: 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 warns founders against maintaining failing theses just to show grit
“You can't just keep banging your head against the wall just to say, I'm showing grit. I'm being persistent.”
Thomas TullApr 4, 2022▶ 26:1920VC: 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 TullApr 4, 2022▶ 33:0720VC: 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
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