Pixel Union

4 statements across 3 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Nov 17, 2022 by Andrew Wilkinson · said 25 times in 4 episodes since 2021 · across every show →

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brought up most by Andrew Wilkinson (15), Sam Parr (9), Shaan Puri (1)

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Everything said about Pixel Union, oldest first

Nov 17, 2022
Disclosure
Wilkinson: Repurchased Pixel Union for $26M and Took It Public at $260M
“I think it was doing about four million dollars of annual profits. It had grown a lot. And we paid 26 and then we bought four 60 and a couple other businesses. And then we took it public at a two hundred and sixty million dollar valuation.”
Andrew Wilkinson Nov 17, 2022 ▶ 9:17 Ranking The Best And Worst Businesses To Start w/ Billionaire Investor Andrew Wilkinson (#386)
Nov 17, 2022 negative
Assertion Not checkable as stated
Wilkinson: Agency and Pixel Union Achieved 30-50% Margins Versus 2-3% in E-Commerce
“Whereas in my agency or in pixel union, I was making. 30 to 50% EBITDA margins. I was making like two or three percent and the amount of work required to move physical goods around by inventory. I realized that while on paper I was profitable, I was constantly…”
Andrew Wilkinson Nov 17, 2022 ▶ 24:02 Ranking The Best And Worst Businesses To Start w/ Billionaire Investor Andrew Wilkinson (#386)
Nov 22, 2023
Assertion Partly supported
Wilkinson: Pixel Union started for $20K and went public for $260M
“So basically started it for 20 K, sold it for about seven million. And then I ended up buying it back from the guys who bought it for twenty five million. And then about a year later, we took a public for two hundred and sixty million.”
Andrew Wilkinson Nov 22, 2023 ▶ 54:15 Andrew Wilkinson's $20,000 to $260,000,000 story (#521)
Jul 5, 2024
Assertion Not publicly verifiable
Wilkinson Sold Pixel Union for $7M With $3M Upfront
“And so I ended up getting an offer to sell that business for seven million bucks. And it was three million upfront, one and a half earn out, and then the rest in stock in the new business.”
Andrew Wilkinson Jul 5, 2024 ▶ 17:34 How I Made My First $1M - The Andrew Wilkinson Story
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