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#572November 22, 20231:09:49

Andrew Wilkinson's $20,000 to $260,000,000 story

About This Episode

Andrew Wilkinson joins the podcast to discuss his journey building Tiny into a public company and the specific, often 'boring' business levers that drove his success. The conversation covers a range of topics including his 'profit first' financial management style, the advantages of being a 'barnacle on a whale' platform, and how he strategically built a network of billionaires and industry leaders.

Episode Description

Episode 521:Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) talk to Andrew Wilkinson about the “Profit First” strategy, how to be a master networker, and his Barnacle On The Whale Strategy for growing 10x with zero marketing. No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd

Show Notes

  • 0:00Intro
  • 2:00Business on hard mode vs. easy mode
  • 12:00Cliffs Notes for “Profit First”
  • 19:30Leveraging incentives
  • 24:00Breakdown: Holdco acquisition funnels
  • 28:00Andrew sends Sam a private jet
  • 32:30Shooting your shot with your heroes
  • 38:00Crashing the Oscars afterparty
  • 43:00Buying vs earning your way into the room
  • 47:00POV: Peter Attia is your doctor
  • 50:00Barnacle on the Whale Strategy
  • 57:00People always suffer in silence
  • 1:00:00Hitting rock bottom

Key Takeaways

1

Implement a 'Profit First' strategy by sweeping profits into a separate account and leaving only 2 to 4 weeks of operating capital in the business bank account to force extreme fiscal discipline and leaner operations.

2

Utilize the 'Barnacle on a Whale' strategy to minimize marketing costs by building products or services inside existing, high-growth ecosystems like Shopify or Discord to leverage their built-in traffic and momentum.

3

Prioritize low-effort, high-impact business levers—such as raising prices, switching payment processors, or optimizing SEO—over complex product innovation, which often requires more effort for lower relative returns.

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Quick Stats

Duration1:09:49
Guests1
Ideas Discussed0
Topics5