#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business

Today we have Andrew Wilkinson (@awilkinson) of Tiny. Tiny is a holding company started by Andrew that buys “wonderful internet businesses” with the intention of holding them forever (akin to Berkshire Hathaway). Altogether, Tiny’s businesses do high 8-figures in revenue and employ close to 400 people across 20 companies. If you want to know more about his background, Andrew was interviewed on our podcast so give Episode #63 a listen. Today he answers: How do you find CEO's that you can trust, You've mentioned Warren Buffet a lot, any other leaders you look up to?, Is “company building” a repeatable process? What % of it can be automated?, Can you recommend your favorite business books?, What is your biggest failure and what did you learn from it?, What is a core attribute you look for when you hire somebody?, How do you make connections with other entrepreneurs while residing in a non-startup centric city?, How much of your investments are made up of personal capital vs. OPM (Other People’s Money)?, During your time at MetaLab, what was the best way to acquire clients?, Are you taking Buffett's advice and reading 500 pages a day?, As a person, how have you evolved over the years?, How do you start a fund with money made from an agency?, What's the required mindset shift from running one business to delegating a team to run multiple?, If you internalize one principal into your kids, what would it be?, When you built your house, what are some things that could have made the frustrations easier?, Can I skip building an agency and go straight into investing? and What's the worst & best advice you get from people who tell you how to become successful?.  See acast.com/privacy for privacy and opt-out information.

15 Huhti 20201h 5min

Sam (@thesamparr) and Shaan (@shaanvp) are back on Zoom to talk Sam's new crush and honorary guest Andrew Wilkinson (6:00), $40M a year consulting king Sam Ovens (10:32), Shaan's experience being initiated into the Tony Robbins religion (15:27), Shaan's operating framework for life bible (21:52), Billionaire's of the week (yes, double): Michael Loeb & Richard Barton (26:45), Billion dollar idea playbook: What industries lack transparency? (40:41), Shaan missing out on making $5 million (45:24) and The Hustle making new podcasts - Go check out Moiz Ali's new podcast Exit Strategy! (54:51).  See acast.com/privacy for privacy and opt-out information.

13 Huhti 20201h

Sam (@thesamparr) and Shaan (@shaanvp) are joined today by Andrew Wilkinson (@awilkinson) who is the co-founder of Tiny (tinycapital.com) - the internet version of Berkshire Hathaway. Shaan also launched a newsletter version of the podcast, subscribe to it to receive startup ideas backed by data in your e-mail weekly: terriblehorriblenogoodverybadideas.com. Want to make your first million with your mobile app? You have to prioritize app performance first. Get your custom HeadSpin benchmark report at headspin.io/myfirstmillion free our listeners! Today's topics: What is Tiny? (4:05), Shaan tried to sell Andrew a business 5 years ago (8:35), Andrew being early on COVID-19 (15:26), Being a control freak & hiring managers (20:35), The perfect cash-flowing companies (31:30), SRED Credits Tax Incentive Program in Canada (36:40), Job board businesses (42:22), No code agencies (48:03), Businesses that didn't work out (56:56), Being broke (59:20), Subscription podcasting (1:02:27) and Modern day newspapers (1:11:18).  See acast.com/privacy for privacy and opt-out information.

8 Huhti 20201h 18min

Sam (@thesamparr) and Shaan (@shaanvp) talk trends, startups and your next million dollar idea. Today's topics: Deepfakes, good or evil? (5:00), The credentials business (15:13), Are sam and shaan unethical? (29:41), Studying evil leaders (34:47), IDEA: Lambda school for EA's (38:27) and Shaan's Billionaire of the Week: Xavier Niel (44:11).  See acast.com/privacy for privacy and opt-out information.

4 Huhti 20201h 5min

Sam (@thesamparr) and Shaan (@shaanvp) speak to Brent Beshore (@BrentBeshore) today about how he plans to invest $250M in cash-flow positive businesses, how much corona virus will impact the economy and explains why he'd only start non-tech businesses in today's climate. Brent is apart of Permanent Equity which has raised a total of $300M to deploy into businesses that actually make cold hard cash - their collection of companies made approx. $160M of it in the last year. Want to make your first million with your mobile app? You have to prioritize app performance first. And HeadSpin is here to help. With your custom HeadSpin benchmark report, get deep insights into app performance, from cold and warm starts, to errors, crashes, and response times, including audio and video quality and biometric responsiveness. Our state-of-the-art Global Device Cloud provides unique carrier network, device, OS, and app level insights, on real, SIM-enabled devices in hundreds of locations around the world. No SDK required. Get your custom HeadSpin benchmark report at headspin.io /myfirstmillion. Today's topics: Who is Brent Beshore? (4:04), What type of companies is he buying with quarter of a billion dollars stashed? (12:17), Military staffing lead gen is a defensible business (14:53), How to handle owners and managers post-acquisition (16:54), How much do owners of cashflowing businesses take home? (20:34), Why he won't touch debt with his businesses (24:10), How Brent grows the businesses they acquire (25:32), How do owners transition to the passenger seat? (30:36), Corona Virus predictions and impact on the economy (36:16) and what he'd do if he started his career again (51:03).  See acast.com/privacy for privacy and opt-out information.

1 Huhti 20201h 5min

Sam (@thesamparr) and Shaan (@shaanvp) today go over more YC batch companies! Sign up to the new Trends report that Sam mentioned at https://trends.co. Today's topics: Sam might have corona virus (5:46), is YC better this year going digital? (10:15), Smile Direct Club for Latin America (14:56), Education in India (17:56), EzeWholesale - Marketplace for Used Phones (23:28), Offerup and LetGo Merger (28:13), Build a Plane - Project Management for Construction (30:03), Strippers leaving their jobs to become delivery drivers (34:24), Ditto - Collaborative copywriting tool (38:12), Shaan's marketing intern challenge (46:14), Ugly food delivery services (48:49), Automating collections using Upflow (52:52), Teiv - Adblock for in-store TV's (58:31)  See acast.com/privacy for privacy and opt-out information.

30 Maalis 20201h 5min

Sam (@thesamparr) and Shaan (@shaanvp) today go over some of YC's best startups to come out of its recent demo day. Want to make your first million with your mobile app? You have to prioritize your user experience first. And HeadSpin is here to help. With HeadSpin’s mobile app benchmark reports, know where you stand against your peers and get deep insights into your mobile experience and app performance. Get your custom HeadSpin benchmark report at headspin.io/benchmark. Topics for today: Sam's good luck and bad luck (3:26), Teachable selling (7:30), Can Airbnb withstand a recession? (12:48), Cron - Superhuman for your calendar (21:40), Superhumans for x - Pitch and Casuel (29:51), Art in res - fine art installment plans (32:00), Line of credit to influencers (38:53), Freezing eggs (44:34), $100K and pick one to invest in (50:17), Campus delivery startups - Duffle and Puff (53:31) and Unsexy great new businesses like BuildPlane.com and Truenorth Fleet (55:19)  See acast.com/privacy for privacy and opt-out information.

25 Maalis 202058min

Shaan (@shaanvp) is joined by producer Ishan (@ishanhaq) to talk Corona virus and where they think it's at, where it's headed and what you can do to prepare for the worst. We also announced we started a new podcast! 9 Minute Morning Routine should be your daily listen on the way to work in the morning. Feel relaxed, calm and focused on how you're going to kick ass today. Subscribe here: https://podcasts.apple.com/us/podcast/9-minute-morning-routine/id1504340799  See acast.com/privacy for privacy and opt-out information.

24 Maalis 202050min