16 Oct andrew wilkinson berkshire hathaway
Click here for a list of our last 200 articles: Post was not sent - check your email addresses! The process is broken. He started making more money. Then they’ll go out… They’ll buy one big one, then they’ll roll up 100 smaller ones. We took the Buffett road. My very special guest today is Andrew Wilkinson. Tell us a little bit about Tiny. He said, “Hey, if you like what I’m doing, support me on Patreon.” He did really well, and he started making a lot of money. They’ll buy one of them. That’s very kind, thank you. Andrew Wilkinson: It’s funny, we sometimes will not even get on the phone with a potential acquisition, unless they’ve already discussed our valuation and they’ve said, “I’m open to that.” Because so much time is wasted on both sides of hour-long, multi-hour, multi-day, sometimes phone calls, before you get to this key piece of information. Simple. Unlike more traditional buyer we plan to leave the companies we buy to keep doing what they’re doing for the longterm. We bought them because they are awesome, and we want them to stay that way. They were finding clients. Negotiating deals that will never close. Tobias Carlisle: That’s a business with a moat. I pretty much skipped high school, and was on the phone negotiating our deals and doing email, and hiring people on staff. Andrew Wilkinson: But the businesses we acquire are often so simple and small, and the founders are so tapped out and ready to leave usually. Simple. You might even pay that for that business. PS: I get why private quity firms and other traditional buyers are the way they are. We could have spent weeks picking apart their management team. My argument was that Howard Stern should cut out the middle man, and he should go independent and do this, and just make insane margin and profits from it. In terms of when you find something that you want to buy, what distinguishes your process from the private equity process, which is it’s a little bit deceptive. Shopify is naturally getting boosted significantly by this as people start stores, and try to diversify their income. In the past five years, we’ve been through five sale processes for different businesses and only had one deal go through, and on average, I’ve spent 6 to 8 months per year in a process. Tobias Carlisle: 20VC: Andrew Wilkinson on Building The Berkshire Hathway of Tech, Sustainable vs Unsustainable Growth and The Relationship Between Money and Freedom Andrew Wilkinson is the Managing Partner @ Tiny , a vehicle that buys, builds and invests in wonderful internet companies. But to date we haven’t done anything. Being a designer is a lonely job. It’s been a huge waste of time and a massive distraction from running my companies. I got really lucky. Going back to the idea of, if you’re going to marry somebody you want to know on the first date they’re Jewish and that means a lot to them, and you’re not Jewish or whatever, and you can have that conversation.
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