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Founder's Journal

How I Lost $10,000,000

Mar 15, 2024
18:23
Snipd AI
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.
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Podcast summary created with Snipd AI

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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