Andrew Wilkinson: De-risking Leverage, Investing vs. Operating, and the Best Part About Business
Jorgenson Soundbox Episode 2: Andrew Wilkinson
Andrew Wilkinson is the co-founder of Tiny, a private equity firm that has built or bought 25+ profitable internet businesses over the last 15 years. He got his start founding MetaLab, one of the world’s top design agencies. He has gone from working out of his apartment a little over a decade ago to overseeing a group of companies with over 300 employees and tens of millions in revenue.
Favorite Quotes:
"If you try to do 5 jobs at once, you're not going to be great at any of them, even if you are naturally gifted."
"None of us knew how to take this from a $5 million dollar business to a $100 million dollar business, so we hired a CEO who did."
"The biggest shift for me was hiring someone in the role of CEO, and handing them the keys. It was saying 'I trust you, you're in charge, don't call me unless there's an emergency.'"
"My biggest three leverage inflection points were hiring my first CEO, hiring my CFO, and hiring my assistant."
"When I hire I look for someone trustworthy, who has already done what I'm hiring them to do."
"You can structure incentives and compensation so that leaders are only earning high amounts if they're delivering results"