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The Tech M&A Podcast

The Tech M&A Podcast is presented by Corum Group, the global leader in tech M&A. The podcast features special reports on sectors, buyers, trends and M&A processes, as well as panel discussions and Q&A featuring both recent sellers and major tech buyers like Google, Microsoft, Salesforce and others.

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  2. Episode 71: Inside the Deal with Luc Pettett

Episode 71: Inside the Deal with Luc Pettett

Feb 4, 2025

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