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My First Million
#63 with Andrew Wilkinson - Buying cash-flowing internet companies, starting job boards and building no code projects
Apr 8, 2020
Andrew Wilkinson, co-founder of Tiny Capital, shares his insights on acquiring cash-flowing internet businesses and evolving beyond traditional business models. He discusses the early days of COVID-19 and highlights the nuances of being a control freak while learning to delegate. Andrew dives into the profitability of job boards, the potential of no-code projects, and the significance of R&D tax incentives in Canada. With a humorous take on subscription podcasting, he emphasizes innovative strategies for building sustainable business ventures and engaging audiences.
01:18:55
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Quick takeaways
- No code platforms enable rapid development without extensive coding, revolutionizing software building and offering opportunities for smaller businesses.
- Job boards are a successful business model that thrives online, generating revenue through job postings and requiring a strong reputation within a niche.
Deep dives
No Code: Unlocking the Power of Simplified Software Development
No code platforms have revolutionized the way software is built, allowing for rapid prototyping and development without the need for extensive coding knowledge. These platforms, like Webflow and others, enable users to create both front-end and back-end functionality in a streamlined and efficient way. With no code, entrepreneurs and business owners can quickly build proof of concept models, such as job boards or marketplaces, saving time and money in the process. No code also presents an opportunity to optimize existing businesses, eliminating unnecessary complexity and reducing costs. The potential of no code is vast, providing new possibilities for smaller, profitable businesses that were previously difficult to sustain.
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