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Founder's Journal
How I Lost $10,000,000
Mar 15, 2024
Andrew Wilkinson shares his journey from founding MetaLab to creating Tiny, a Berkshire Hathaway for internet companies. He discusses a failed business launch post-MetaLab, losing $10 million on a software venture, struggles with competition from Asana, and valuable lessons learned from costly business defeats.
18:23
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Quick takeaways
- Focusing on acquiring businesses over launching new ventures contributed to the growth of Andrew's holding company.
- Understanding metrics like churn and customer acquisition costs is crucial for sustaining a SaaS business.
Deep dives
Andrew Wilkinson's Journey From Agency to Building a Holding Company
Andrew Wilkinson, co-founder of Tiny, transitioned from running a successful design agency named Metal Lab to forming a holding company with various businesses. Facing the challenges of launching new ventures, Andrew shifted to acquiring businesses, leading to the growth of his holding company that now encompasses multiple entities.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode