My First Million #63 with Andrew Wilkinson - Buying cash-flowing internet companies, starting job boards and building no code projects
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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.
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Tiny Capital's Acquisition Strategy
- Tiny Capital acquires profitable, simple internet businesses, often bootstrapped.
- They hold these businesses long-term, prioritizing predictability over trendy sectors.
Shaan's Missed Deal
- Shaan Parr attempted to sell Andrew Wilkinson a business five years prior.
- The deal fell through due to a disagreement on valuation multiples.
Preparedness and Risk Mitigation
- Prepare for potential crises, even if the likelihood seems low.
- The cost of early preparation is often small compared to the potential downside.
