#65April 8, 20201:18:55

#63 with Andrew Wilkinson - Buying cash-flowing internet compani…

Holding company investment philosophy Hands-off management and delegation Arbitrage opportunities in Canada No-code business growth

About This Episode

Andrew Wilkinson, the founder of Tiny, discusses his philosophy on building and acquiring 'boring' but highly profitable internet businesses. The conversation covers his strategy for radical delegation, the benefits of geographic and currency arbitrage, and the emerging potential in no-code technology and subscription podcasting.

Episode Description

Sam (@thesamparr) and Shaan (@shaanvp) are joined today by Andrew Wilkinson (@awilkinson) who is the co-founder of Tiny (tinycapital.com) - the internet version of Berkshire Hathaway. Shaan also launched a newsletter version of the podcast, subscribe to it to receive startup ideas backed by data in your e-mail weekly: terriblehorriblenogoodverybadideas.com. Want to make your first million with your mobile app? You have to prioritize app performance first. Get your custom HeadSpin benchmark report at headspin.io/myfirstmillion free our listeners! Today's topics: What is Tiny? (4:05), Shaan tried to sell Andrew a business 5 years ago (8:35), Andrew being early on COVID-19 (15:26), Being a control freak & hiring managers (20:35), The perfect cash-flowing companies (31:30), SRED Credits Tax Incentive Program in Canada (36:40), Job board businesses (42:22), No code agencies (48:03), Businesses that didn't work out (56:56), Being broke (59:20), Subscription podcasting (1:02:27) and Modern day newspapers (1:11:18). See acast.com/privacy for privacy and opt-out information.

Key Takeaways

Implement a radical delegation strategy by hiring CEOs for your businesses and requiring only monthly financial updates and quarterly SWOT analyses to stay hands-off.

Leverage 'resource arbitrage' by operating in regions like Canada to benefit from lower developer salaries, government R&D tax credits (Shred), and favorable currency exchange rates.

Use no-code tools to prototype new ideas quickly or rebuild existing software products to dramatically reduce engineering burn and increase profit margins.

Business Ideas Mentioned

No-Code Profitability Pivot

Acquisitions

Niche Podcast Studio Marketplace

Marketplace

Premium Subscription Podcast Layers

Content & Media

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Featuring

Andrew Wilkinson

27 episodes

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Duration1:18:55

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