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#188April 23, 20211:31:09

#174 - How to Network with Billionaires, Andrew and Sam's Recent…

Value investing and media acquisitionsNetworking tactics and the Bill Ackman charity lunchThe 'airport business' model and MediMapProductivity hacks and radical email delegation

About This Episode

Sam Parr is joined by Andrew Wilkinson to discuss his strategy for acquiring undervalued media assets like Girlboss and building niche monopolies through 'airport businesses.' They share actionable advice on networking with billionaires, leveraging assistants to reclaim time, and the potential for new health-conscious food ventures.

Episode Description

Sam (@theSamParr) is joined by Andrew (@awilkinson) to catch up. They spend the first half of the episode talking about the investments they've each made in 2021. Andrew then dives into a more obscure investment he made: a bakery! He explains it's more for fun than profit. Andrew also drops some great hacks: how he saves time on email and how he networks with billionaires. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. ---------

Show Notes

  • * (4:24) The entrepreneur lifestyle and the stress that comes with it
  • * (12:45) Sam and Andrew talk about their recent investments
  • * (45:20) Andrew bought a bakery. Here's what he's doing with it
  • * (53:10) How to make your hometown cool
  • * (55:52) Henry Singleton: better than Warren Buffett
  • * (1:02:28) Andrew's email hack and how he donates
  • * (1:11:25) Why Andrew is the king of networking

Key Takeaways

1

Identify 'airport businesses'—utilities that provide a specific, necessary service (like medical wait times)—to build a defensible moat with zero advertising costs.

2

Accelerate networking by 'paying to be in the right room' through high-cost conferences or charity auctions to bypass gatekeepers and gain instant credibility.

3

Implement a strict email delegation system using assistants and pre-defined rules to filter high volumes of communication down to a handful of actionable tasks.

Business Ideas Mentioned

High-End Sugar-Free Delivery Bakery

E-commerce

Tokenized Labor Marketplace

Marketplace

The 'Ace Hotel' Urban Revitalizer

Real Estate

View all ideas

Featuring

AW

Andrew Wilkinson

27 episodes

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Quick Stats

Duration1:31:09
Guests1
Ideas Discussed3
Topics4