My First Million I Ranked the Best & WORST Businesses to Start Before 2026 | Andrew Wilkinson
2851 snips
Nov 7, 2025 
In this discussion, Andrew Wilkinson, a serial entrepreneur with a remarkable portfolio worth $300 million, shares insights on ranking business models for success by 2026. He delves into the pitfalls of multi-level marketing and the challenges of freelancing. Andrew ranks agencies and SaaS for their potential while warning about the harsh realities of restaurants and short-term rentals. He advocates for buying established companies over starting new ones and reflects on Tiny's origins, along with embracing criticism and pursuing varied passions.
AI Snips
Chapters
Books
Transcript
Episode notes
Permanent Capital Is The Secret Sauce
- Investment management is powerful when you have permanent capital or manage other people's money with fees.
- Permanent capital removes redemptions and secures long-term fee streams, making the model elite.
Scale Pays In Asset Management
- Hedge fund/asset managers with scale usually generate significant fees even with modest teams.
- Focus on raising durable capital and delivering performance to capture management and carry fees.
Be Cautious With Angel Investing
- Angel investing behaves like roulette for most lay investors and is poor liquidity for personal capital.
- Prefer buying and operating businesses or public equities unless you deeply understand startups.
