Andrew Wilkinson
12 statements across 1 episodes · 4 bullish · 2 bearish · 1 people on the record · first statement Jun 22, 2020 by Andrew Wilkinson · said 1 times in 1 episodes since 2020 · across every show →
On the record as a speaker too: Andrew Wilkinson's record, appearances and statements → this page counts the times other people say the name.
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Everything said about Andrew Wilkinson, oldest first
Jun 22, 2020 bullish
Jun 22, 2020
Wilkinson: Use 'anti-goals' to design your life around avoiding worst-case days
“Just doing things I want to do, and I have a system that I call anti-goals, where every year my business partner and I sit down and we say, what does our worst possible day look like, and how do we design our day to avoid that?”
Jun 22, 2020
Jun 22, 2020 bearish
Wilkinson: Too many venture-backed startups buy unsustainable growth for funding
“However, if it's one dollar turning into 30 cents over two years, I really don't think that's a good use of capital, and I see way too many venture-backed Buying 30 cent dollars to show growth and get their next round of funding.”
Jun 22, 2020
Wilkinson: Boards cannot dictate execution, only whether to keep the CEO
“One of the things I've also learned is that on a board, even when you own the entire company, you can't dictate what they need to do. You can only guide and you can set guide rails. And so at the end of the day, you're ultimately deciding, is this the right pe…”
Jun 22, 2020 positive
Jun 22, 2020 positive
Wilkinson: Tiny expects soft returns rather than total write-offs
“In terms of loss ratios, I'm not counting on having losses. We occasionally will, and we will have business failures, but they'll more look like softness and bad returns. I doubt we're going to have zeros. It's just not like a venture game. These are generally…”
Jun 22, 2020
Jun 22, 2020 negative
Wilkinson: Hiring executive candidates for unproven potential always fails
“Whereas if you hire somebody for potential, which is what I used to do, I'd meet somebody and go, I love this person's moxie. They're really sharp. They move really fast. They seem to kind of understand marketing. I think they can be a good CMO. We'll grow the…”
Jun 22, 2020
Wilkinson: Tiny Capital prices acquisitions on 5-to-10-year earnings and risk
“What we do is we basically pay a fair price based on where the business is at. And that's typically based on what earnings are expected to come out of the business over the next five to 10 years. And then the other way we think about price is just risk. So yes…”
Jun 22, 2020 bullish
Wilkinson: Tiny Capital targets $10M to $100M opportunities in sleepy markets
“We don't want to be in a situation where we're buying a company where billions of dollars are going to flow into competing with it tomorrow. We just think that's too difficult. So that's why we like to choose industries that are sleepy, where nobody really car…”
Jun 22, 2020
Wilkinson: Tiny allows portfolio CEOs to make reversible mistakes
“In the businesses that we own, I'm never going to let a CEO make a sink the boat decision, right? But if it's a two-way door, if it's something where, look, I think this business model idea is hokey, but they've got it in their head as the greatest idea ever. …”