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.
Let us know what you think on Twitter: @bzaidi & @awilkinson
Watch on YouTube:
https://youtu.be/QRIl2aGmzMc
In this conversation, you'll learn:
- why Warren Buffet + Charlie Munger's approach inspired Andrew to create the Berkshire Hathaway of the internet
- how mental models like "inversion" can help you think more effectively
- the 4 types of entrepreneurs + understanding which type you are
- how to hire key employees + a CEO to replace you
- the importance of incentives + how to align employees around a shared vision
Timestamps:
- 00:00:00 Snippet
- 00:03:32 Who is Andrew? Buying, Building + Growing Companies
- 00:07:41 Mental Models: Studying Warren Buffett + Charlie Munger
- 00:10:22 Inversion
- 00:12:12 Make A Few Good Decisions A Year
- 00:13:54 The New Zealand Approach
- 00:15:30 Fishing Where The Fish Are
- 00:22:11 Controlling Emotions
- 00:24:50 When Deals Don't Go To Plan
- 00:26:07 How 2020 Changed Andrew's Strategy
- 00:27:40 The Value Of Service Businesses
- 00:32:08 Incentives
- 00:34:09 4 Types of Entrepreneurs
- 00:37:13 How to Hire a CEO
- 00:40:21 Working With Recruiters
- 00:41:42 Lessons on Firing
- 00:43:35 Incentivizing CEOs
- 00:46:20 Creating A Shared Vision
- 00:50:39 The Art of Delegation
- 00:53:33 "Twitter should be milking money"
- 00:56:38 Lessons From Shareholder Letters
- 00:58:49 The Future of Local News
- 01:00:39 Wrap-Up