Tiny Capital
also referred to as: tiny
includes Tiny Foundation
69 statements across 20 episodes · 26 bullish · 7 bearish · 4 people on the record · first statement Apr 9, 2021 by Andrew Wilkinson · said 68 times in 20 episodes since 2021 · across every show →
Mentions by year, the whole family
brought up most by Shaan Puri (25), Sam Parr (24), Andrew Wilkinson (7), Kevin Rose (6), Jeremy Giffon (3), Jason Fried (1), Alex Hormozi (1)
tap a year for its mentions
2024 22 mentions in 7 episodes 3 per episode
- Data Backed Businesses Guaranteed To Make +$1M From Day 1
- How I Made My First $1M - The Andrew Wilkinson Story
- The Market Is Crashing. Here’s What We’re Doing About It…
- I Lost Everything Twice… Then Made $26M In 18 Months
- 3 Things You Need To Outperform 99% Of Entrepreneurs
- The Cashflow King: “Here’s How I Do It”, Negotiating w/ Jeff Bezos, Elon’s Cracked Rocket
- 5 Genius Business Tactics Turning Broke Authors Into Millionaires
- every mention in 2024, scene by scene →
2023 16 mentions in 3 episodes 5 per episode
2022 17 mentions in 4 episodes 4 per episode
- Kevin Rose: His $100M/Year Watch Blog, Money From Digg.com, & Web3 Business (#382)
- Asking A Billionaire Investor How To Prepare For The Economic Collapse (#371)
- Ranking The Best And Worst Businesses To Start w/ Billionaire Investor Andrew Wilkinson (#386)
- We Hosted A Shark Tank For Tech Startups | My First Million Demo Day (#356)
- every mention in 2022, scene by scene →
2021 13 mentions in 6 episodes 2 per episode
- Andrew Wilkinson On The Secretive Billionaire Who Acquired Burger King | My First Million #185
- How to Network with Billionaires with Andrew Wilkinson | My First Million Ep. #174
- The Milly Awards 2021
- Dopamine Fasts, Cruise Ship Investing, and Elon vs Bezos with Andrew Wilkinson, Co-Founder of Tiny
- What Venture Capital Will Look Like in the Future | My First Million #215
- MFM #169: How One Man Has Built 5, Billion Dollar Companies
- every mention in 2021, scene by scene →
Everything said about Tiny Capital, oldest first
Apr 9, 2021 neutral
Wilkinson: Tiny acquires working businesses without changing operational DNA
“The difference between what we do and this guy is this guy's essentially starting a new business. And what we like to do is find a business that's already working where we can actually just leave it. And make it, you know, maybe we'll help plug in a new CEO or…”
Apr 9, 2021 positive
Wilkinson: Extreme delegation naturally evolves into investing and hiring CEOs
“And a lot of why we've gotten as big as we have is cause I just, I don't like doing stuff that I don't like doing. And so I just kept delegating the stuff I didn't enjoy. And when you do that a lot In its kind of final form, that's just investing where you're …”
Apr 9, 2021 neutral
Apr 23, 2021
Apr 23, 2021 neutral
Apr 23, 2021 bearish
Wilkinson: Founders should exploit 2021 valuations to issue stock
“And I think now is a great time to be scanning your portfolio or businesses and going, how can I
How can I basically take advantage of valuations right now and either, you know, issue stock or use my stock in my business to go buy stuff or just wait for oppor…”
Apr 23, 2021
Apr 23, 2021 bullish
Apr 23, 2021 positive
Apr 23, 2021 positive
May 25, 2021 neutral
Wilkinson: Tiny stopped monthly CEO reporting; involvement harms portfolio performance
“We just did this a tiny, we changed, we don't get monthly reports anymore from the CEOs. So like there's businesses where I don't, I haven't even talked to the CEO for like three or four months. I don't even know what their numbers are. And what we've realized…”
May 25, 2021 neutral
Wilkinson: Recruiting business operators is much harder than sourcing acquisition deals
“The hardest part is recruiting the amazing people. Like our biggest challenge isn't doing deals. It's like, we could do a deal every month. It's how can we find enough amazing people to run all these businesses? And then how can we validate that they're going …”
May 25, 2021 neutral
May 25, 2021 bullish
May 25, 2021 positive
Wilkinson: Closing a $100M+ acquisition was simpler than a $1M deal
“We just did our biggest deal ever. And it was over a hundred million dollars and it was no more work or complexity than doing a one million dollar deal. And in fact, It was simpler than a one million dollar deal. Cause it's just a better business with a better…”
Oct 20, 2021 negative
Oct 20, 2021 positive
Wilkinson: Established businesses are cruise ships while startups are volatile speedboats
“A startup is really like a speedboat, right? It's exhilarating. It can go anywhere, but at the end of the day, you know, you're driving over waves, you're getting your, you know, body destroyed, you're freezing cold. You might hit a rock. You might get drunk. …”
Oct 20, 2021
Dec 31, 2021 neutral
Oct 6, 2022
Oct 6, 2022 positive
Oct 6, 2022
Tiny Bought $500,000 in S&P 500 Put Options in February 2020
“And so what we did is we basically said, okay, in late February, we said, okay, if this, if the S and P 500, the index of the 500 largest companies in America goes down by 20%, we will get a big payout. And so we bought for 500,000 dollars, put options that we…”
Oct 6, 2022
Tiny Incubates Operator-Led Businesses With $50,000 for 50% to 70% Equity
“We basically find really scrappy operators where we can basically say, look, we've got all the back office, all the structuring legal, it's ready to go. We'll build the website for you. You just need to take it and run with it. And we go typically like 50, 50 …”
Oct 6, 2022
Oct 6, 2022 neutral
Oct 6, 2022 neutral
Oct 6, 2022
Nov 17, 2022 positive
Nov 17, 2022 bearish
Wilkinson: Bitcoin is currency trading and speculation, not productive business investing
“And I think that Bitcoin is currency trading, right? Like just buy great businesses, do the thing, you know, and I think everyone is just speculating on this stuff and there's a ton of fascinating arguments for it and I follow it, but I have just fully steered…”
Nov 17, 2022 positive
Nov 17, 2022
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.”
Nov 17, 2022
Nov 17, 2022
Wilkinson started 5 to 10 other businesses that almost all failed
“Started another five to 10 other businesses. And almost all of them failed. Like it was incredibly, incredibly painful. And after that, I kind of swore off starting businesses and I've only just come back to it over the last three years.”
Dec 29, 2022
Wilkinson: Procrastinating on debt hedge documents cost $500,000
“And so these documents were sitting in our office and I was like,
oh, I'll do it tomorrow.
I'll do it tomorrow.
I kept putting it off.
And then finally I signed it.
And I realized that between the time that I, it was sitting there for a week and in that week, …”
Dec 29, 2022 bullish
Feb 2, 2023 positive
Feb 2, 2023 bullish
Feb 2, 2023 bullish
Feb 2, 2023
Parr: Raising outside capital permanently prevents founders from repurposing agency profits
“The second you raise money, that, that your cap table is one of the few things that you can't reverse, or it's really hard. And he didn't raise money for a company that, MetaLab should not have raised money. And it did not raise money. And because of that, he …”
Feb 2, 2023 neutral
Feb 2, 2023 positive
Feb 2, 2023 neutral
Puri: Three core companies drive nearly all value in Tiny's portfolio
“And in fact, it was kind of like a venture portfolio in a way where a couple of the companies were really the standout ones that were driving most of the value. And I think for them, it was actually three. There was the one they took, they originally took publ…”
Apr 25, 2023
Apr 25, 2023 neutral
Apr 25, 2023 neutral
Shaan Puri: Holding company deal cadence is painfully slow for founders
“Having said that is probably the type of business where You make one good decision, one good deal a year or two good deals a year. And that was a great year. And that I think that speed is just very hard for most entrepreneurial people to go at.”
Apr 25, 2023 positive
Parr: MetaLab generated $62.8M with 40-45% margins in 2021
“In 2021, it did 62.8 million dollars. And that's interesting because it actually has been growing not crazy fast. So it's been growing something like 23% a year. Or for the last handful of years, we can only see a couple years here, but it does a 45% or 40% ma…”
May 12, 2023 positive
May 12, 2023 neutral
Wilkinson: Acquisitions almost always work, but venture bets lose all his money
“I actually haven't lost that much money in businesses where I'm buying the whole thing. Almost all of those work. It's the ones where I'm doing venture or I'm betting on something or I'm trying to start a business. That's where I lose all my money.”
Sep 5, 2023 positive
Nov 22, 2023 positive
Nov 22, 2023 negative
Wilkinson: Public reputation drives M&A deal flow far better than cold outreach
“We've realized that, like, cold outreach is not the way to go. Like, we would much rather go and have a public presence and a reputation and have people actually seek us out and say, hey, I want to sell you my company.”
Nov 22, 2023 positive
Wilkinson: Neglected SaaS side projects are prime acquisition targets
“When you see a business where they're just not, they're myopic on something, they're not doing the best practices. And often it's because they have other priorities. I mean, The base camp guys had a hundred million dollar ARR SaaS business. The last thing they…”
Nov 22, 2023 positive
Wilkinson: Issuing frequent non-binding LOIs establishes serious M&A deal traction
“We throw out LOIs constantly. Like I have no qualms about that. They're not binding documents. You know, we'll send someone an offer and there's something about if I read an email and I say, Hey, I'll offer you two million dollars for your business. I don't th…”
Nov 22, 2023
Wilkinson: Tiny forces AR discipline by leaving companies with two weeks' cash
“Chris, Chris and I, we used to leave two weeks expenses in the business. If it meant that if they don't collect their AR, their accounts receivable, they go off a cliff. Now, what they don't know is they're not going to go off a cliff because Tiny, the bank, w…”
Nov 22, 2023 neutral
Nov 22, 2023
Nov 22, 2023
Nov 22, 2023 bullish
Wilkinson: Tiny scaled We Work Remotely from $400K to $4M EBITDA
“We bought a business about almost 10 years ago called weworkremotely.com. And it's very simple. It's a job board... We buy the business. We pay three or four times earnings or something, which was, you know, a fair price given what it was doing. We immediately…”
Nov 22, 2023 positive
Wilkinson: Email preliminary valuations early to screen out unrealistic founder expectations
“I'm like via email. I want to send the first offer. I want them to say, yes, that's interesting. And then I'll spend time on it. And what I used to do is I would spend all this time getting to know people and unboxing the business only to realize that their ex…”
Dec 18, 2023 negative
Andrew Wilkinson: Raising outside fund capital creates constant cognitive interruptions
“The problem with raising money is that at the end of the day, there's people who can call you, and you owe it to answer the phone, and they can interrupt you at any given time, and especially in a rolling fund, there's like 50 of those people.”
Mar 4, 2024 bullish
Shaan Puri predicts Andrew Wilkinson's creator joint ventures will yield $300M+.
“I would bet that he's going to make hundreds of millions off of these plays. If you add up the, you know, three to five that he's going to do in this category, I would bet that that's a three to three, like a three hundred million dollar prize.”
Mar 4, 2024 bearish
Mar 4, 2024 neutral
Apr 17, 2024 neutral
Jul 5, 2024
Jul 5, 2024 positive
Wilkinson's Businesses Doubled in Size After He Hired Replacement CEOs
“When I started hiring CEOs, because before I knew it, all the businesses started like doubling. And the reason they doubled was because I was only giving 20% of my time to all the companies. And frankly, I didn't know what I was doing. And I just started hirin…”
Jul 5, 2024 positive
Wilkinson: Strong executive talent often prioritizes salary and stability over founding
“Over time you realize like people want stability and they want surety and they want to have health benefits and all this stuff you don't get. And so I realized like there's this whole other class of people where they want to run a company for somebody else. Th…”
Aug 9, 2024 negative
Tiny's Sparling: Centralizing financials strips portfolio CEOs of operational ownership
“Whenever we owned the financials, it felt good because we felt in control. Problem was we were in control. The CEO looked at the numbers and was like, those are your numbers. Those aren't my numbers. I don't own that. I don't know. I don't know what that targe…”
Aug 15, 2024 neutral
Hormozi: Acquisition.com targets fewer, larger deals vs Tiny's model
“I think that probably a major difference between like the tiny slash Wilkinson model and how we do it is that we are operators. And so the investment strategy has slowly, you know, continues to, you know, move over time, but it's been fewer, bigger deals that …”