logo
episode-header-image
Apr 2022
38m 5s

20VC: Founding Legendary Entertainment a...

Harry Stebbings
About this episode

Thomas Tull is a leading entrepreneur and investor as the Founder, Chairman and CEO of Tulco, LLC. he has made notable investments in the likes of FIGS, Colossal, IL MAKIAGE, Pinterest, Zoox and Oculus Rift. Previously, Tull was the founder, CEO and Chairman of Legendary Entertainment, the film company that produced blockbusters including The Dark Knight trilogy, 300 and The Hangover franchise. Outside of his investment work, Thomas is a trustee of Carnegie Mellon University, Yellowstone Forever, the National Baseball Hall of Fame and Museum, and the Smithsonian Institution. If that was not enough, Tull is also part of the ownership group of the Pittsburgh Steelers, the six-time Super Bowl champions.

In Today’s Episode with Thomas Tull You Will Learn:

1.) From Laundromats to Legendary Entertainment:

  • How did Thomas first make his way into the world of business starting with laundromats?
  • How did growing up without money impact Thomas' early mindset?
  • What advice does Thomas give to young people today on starting their own business?

2.) Thomas Tull: The Investor:

  • How does Thomas approach risk today? Where is the boundary of acceptable vs unacceptable risk?
  • How does Thomas assess his own relationship to money? How has it changed over time?
  • How does Thomas protect himself from people and occasions where one is being used for their money or status?
  • To what extent does Thomas believe success is luck vs skill?

3.) Legendary Entertainment:

  • How did Thomas make his way into the movie business with the founding of Legendary Entertainment?
  • How did Thomas first meet Chris Nolan? What did the early days of making Batman Begins look like?
  • What were some of the most memorable times from making 300 with Gerard Butler?
  • What were some of the most challenging elements of scaling Legendary? With the benefit of hindsight, is there anything that Thomas would do differently?

4.) The Macro:

  • Why does Thomas believe public markets are the least rational they have ever been?
  • From geo politics to climate change, what is Thomas most worried about today in the world?
  • What does Thomas believe we should focus on as positives moving forward? What should we be excited about?

Item’s Mentioned In Today’s Episode with Thomas Tull

Thomas' Favourite Book: Sapiens: A Brief History of Humankind

Thomas' Most Recent Investment: Colossal

Up next
Yesterday
20VC: Do Margins Matter in AI? | Is Defensibility Gone For Good? | Is Vertical SaaS Dead in a World of AI | What SaaS Rules Are BS and No Longer Apply in a World of AI | The Future of Venture: Why Chanel vs Walmart is BS with Byron Deeter
Byron Deeter is a Partner at Bessemer Venture Partners, and one of the most renowned SaaS investors. Byron has led 19 unicorn investments, including IPO successes like ServiceTitan, Procore, Twilio, Box, Gainsight, Intercom, DocuSign, SendGrid. His portfolio includes eight compan ... Show More
1h 21m
Aug 21
20VC: Databricks at $100BN | Chamath’s SPAC Revival: Peak Mania? | OpenAI Staff Cash Out Billions & Sam Altman Will Spend Trillions | CoreWeave’s $11B Debt Bet & Nubank’s $2.5B Profit Shocker
Agenda: 00:00 – Databricks hits $100B: Bubble or just the beginning? 03:15 – Is Databricks actually undervalued at 25x revenue? 07:40 – Are we on the verge of the biggest IPO wave ever? 11:30 – Can Andreessen’s Databricks bet return $30B+? 18:10 – Who really gets rich when mega-u ... Show More
1h 27m
Aug 18
20VC: Lovable CEO Anton Osika on $120M in ARR in 7 Months | The Honest Truth About Defensibility and Unit Economics for AI Startups | The State of Foundation Models: Long Grok, Short OpenAI, Why | Replit vs Lovable vs Bolt: What Happens
Anton Osika is the Co-Founder and CEO @ Lovable, the fastest growing company on the planet. In just 7 months, they have scaled from $0 to $120M in ARR. They have raised over $200M in funding from some of the best including Accel, Creandum and 20VC. Their latest round priced the c ... Show More
1h 8m
Recommended Episodes
May 2023
Emmy Winning Storyteller Talks Branding, AI, and Investing In Companies | Brandon T. Adams
In this episode of the Millionaire Mindcast, we have a return guest, Brandon T. Adams who shares what he’s been up to for the last 5 years, unfold his entrepreneurial journey, building key business relationships to scale, working with your true self and authenticity, how AI creat ... Show More
33m 12s
Feb 2023
Doug Leone - Lessons from a Titan - [Invest Like the Best, EP.318]
My guest this week is Doug Leone. Doug led one of the world’s most successful venture firms, Sequoia, for over 25 years after he was given responsibility for the firm by its founder, Don Valentine, in 1996. Alongside Mike Moritz, the pair managed its expansion from a single $150m ... Show More
1h 11m
May 2023
Kieran Goodwin - Imagination, Volatility, and the Pursuit of Alpha - [Invest Like the Best, EP.331]
My guest today is Kieran Goodwin. Kieran spent over two decades at the frontier of credit investing. During the global financial crisis, he was a Partner and Head of Trading at King Street Capital, which grew from $4 billion to $20 billion while he was there. He then left to star ... Show More
1h 1m
May 2023
Dan Martell. How to Find Wealth and Success. Episode 581 with The Real Brad Lea (TRBL)
Dan Martell is an entrepreneur, angel investor, thought leader, and highly sought-after coach in the SaaS, or software as a service, industry. He founded, scaled and successfully exited three technology companies within a ten-year period.  In 2012 he was named Canada’s top angel ... Show More
1h 22m
Apr 2024
Telling Their Stories, Vol. 6: Sports, Family & Finance
You know Bill Barker’s and Robert Brokamp’s investment advice from years of contributions to our podcasts and services. But did you know where and how they started? Sports, family, and finance keep popping back up in their life stories expressed in 10 sentences, in the stock grap ... Show More
1h 15m
Feb 2022
The Moment You Feel You're Better Than Someone Else... You're Finished | GVAE w/ Thomas Tull
Today's episode is an  awesome interview I did with the phenomenal Thomas Tull, founder and  CEO of Tulco! We discuss his career in full, focusing on your strengths  versus your weaknesses, soft skills versus hard skills, the importance  of humility and much more. Enjoy! Let me k ... Show More
27m 51s
Jan 2022
The Moment You Feel You're Better Than Someone Else... You're Finished | GVAE w/ Thomas Tull
Today's episode is an awesome interview I did with the phenomenal Thomas Tull, founder and CEO of Tulco! We discuss his career in full, focusing on your strengths versus your weaknesses, soft skills versus hard skills, the importance of humility and much more. Enjoy! Let me know ... Show More
27m 51s
Mar 2022
David Rubenstein - Life, Leadership, and LBOs - [Invest Like the Best, EP. 270]
My guest today is David Rubenstein, co-founder of The Carlyle Group - one of the largest private equity firms in the world. David has worked in the White House, built a $300 billion investment institution, become a prominent philanthropist, published books, and even hosts his own ... Show More
1h 16m
May 2023
Lessons From Over 100 Business Founded | Jeremy Delk
In this episode of the Millionaire Mindcast, we have our guest Jeremy Delk who shares his entrepreneurship journey for over 20 years of investing, successful exits, and logistics failure, the framework of a Fouder-type mentality, his learning lessons from founding over 100 busine ... Show More
48m 48s
Mar 2021
Josh Wolfe and Tony Thomas - The Past, Present, and Future of Defense – [Invest Like the Best, EP. 216]
My guests today are Josh Wolfe and Tony Thomas, better known as T2. Josh is the co-founder and General Partner at Lux Capital. T2 is now a venture partner alongside Josh at Lux Capital, after serving for almost 40 years in the US military and becoming a 4-star general and the 11t ... Show More
1h 27m