Noah Kagan Presents The Next Warren Buffett – Andrew Wilkinson
8 snips
Jan 28, 2021 
Andrew Wilkinson, co-founder of Tiny Capital, talks about buying companies, valuing startups, and making businesses profitable. They discuss competitiveness, CEO selection, and transitions for founders. Also, strategies for business management, scheduling meetings efficiently, and prioritizing energy.
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Pay Up For Defensible Products
- High-quality, defensible products command much higher earnings multiples.
- Tiny paid up for Dribbble because it had direct traffic and network effects they could scale.
Value Based On Predictability
- Value businesses by predictable earnings and how long those earnings can continue.
- Pay lower multiples for volatile, easily replicated businesses and higher multiples for moats.
Operate Before You Invest Other People’s Money
- Get operational experience before raising investor capital or buying companies.
- Run a business first so your judgement reflects real 'scar tissue' and not spreadsheets.