Episode 71: Inside the Deal with Luc Pettett

In this episode, Luc Pettett shares his journey from being a software engineer to founding and exiting multiple businesses, including Punters and Telescope. He discusses the importance of taking time to reflect post-exit, the challenges of navigating life after a successful sale, and the mindset shift that occurs when starting a new venture. Luc emphasizes the role of AI in finance and the significance of timing when considering an exit from a business.

Takeaways

• Luc Pettett founded Punters and sold it to NewsCorp Australia.
• Post-exit, he took time off to travel and reflect.
• He focused on learning about AI and finance after his exit.
• His new venture, Telescope, aims to disrupt finance with AI.
• The importance of patience and not rushing into the next venture.
• Mindset changes significantly after a first business exit.
• Building a good business is more important than just financial gain.
• AI is set to massively disrupt the finance industry.
• Timing is crucial when considering an exit from a business.
• It's essential to be comfortable with the idea of exiting.

00:00 From Software Engineer to Entrepreneur 03:20 Navigating Post-Exit Life 05:45 Building Telescope: A New Venture 08:08 Mindset Shift After Exiting 10:07 The Importance of Timing in Exits