Andrew Wilkinson, co-founder of Tiny, shares insights on his approach in building the 'Berkshire Hathaway of the internet' inspired by Warren Buffet + Charlie Munger. Topics include mental models like inversion, types of entrepreneurs, hiring key employees, importance of incentives, and aligning employees around a shared vision.
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volunteer_activism ADVICE
Emotional Control in Acquisitions
Control emotions when evaluating acquisitions; avoid shiny objects and stick to your thesis.
Prioritize downside protection and structure deals to minimize potential losses.
insights INSIGHT
Minimizing Losses
Wilkinson's firm only experienced one significant loss due to fraud in a small acquisition.
They aim for success in 90% of cases due to their deal structuring.
question_answer ANECDOTE
Four Types of Entrepreneurs
Wilkinson categorizes entrepreneurs into four types: innovators, remixers, scalers, and optimizers.
He uses Chipotle as an example, highlighting different skillsets needed at various growth stages.
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Andrew Wilkinson is the co-founder of Tiny. He owns 30+ companies, including Dribbble, Metalab, Girlboss & Castro. Collectively, these businesses bring in $100mil+ in annual revenue.
Andrew took WeCommerce public the week of this interview, with the most recent market cap hitting $800mil Canadian dollars (Jan 2021)
He's a leading expert in buying, starting & growing online businesses.
Creator Lab - interviews with entrepreneurs and startup founders 