My First Million

The 2021 Milly Awards

70 snips
Dec 30, 2021
Guest
Andrew Wilkinson
Join entrepreneur Andrew Wilkinson as he dives into the glow of the 2021 Milly Awards with Sam Parr and Shaan Puri. They debate standout winners like 'Billionaire of the Year' and 'Best Investment,' while reflecting on pivotal moments in business that shaped the year. The conversation also unveils the quirks of personal growth with tips on favorite tools and insightful hacks. Expect laughs as they celebrate remarkable creators and anticipate trends from NFTs to new tech innovations!
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ANECDOTE

Deal Investment

  • Shaan Puri invested in Deal, a contractor hiring platform, despite its seemingly high valuation.
  • The company's rapid growth later justified the investment, highlighting the potential of backing strong teams and products.
ADVICE

Selling COVID Winners

  • Avoid holding onto "COVID winners" for too long, as their value can decline rapidly.
  • Shaan Puri lost money by not selling stocks like Zoom, Fastly, and Agora sooner.
ANECDOTE

Small Business Investment

  • Andrew Wilkinson's worst investment was a small business that required too much attention.
  • His team prefers "management by neglect" and struggles with smaller startups.
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