Episode
#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
1:06:57
Published: Fri Jul 31 2020
Description
Today's episode is brought to you by Lemon.io. They are offering an exclusive 15% discount for the first 6 weeks of work for all the MFM fans. Go to Lemon.io/mfm to claim your offer today. On today's episode, Shaan and Sam are joined by Andrew Wilkinson, "The Warren Buffett of the Internet". They talk about why it's much better to be Warren Buffett and not Elon Musk, how Andrew started a local newsletter that became bigger than his local newspaper, and what the guys would do to generate millions in a short period of time. Looking to win a year's worth of MasterClass passes? Click the link in today's Hustle newsletter, enter the keyword from today's episode, and cross your fingers! Good luck! Have you joined our private Facebook group yet? It's a page where people share each other's million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
Chapters
Andrew Wilkinson, founder of Meta Lab turned Tiny, shares his experience of starting a business during the 2008 recession and how the current pandemic crisis could bring opportunities for those who are ready to take risks.
00:00 - 01:14 (01:14)
Summary
Andrew Wilkinson, founder of Meta Lab turned Tiny, shares his experience of starting a business during the 2008 recession and how the current pandemic crisis could bring opportunities for those who are ready to take risks.
Episode#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
PodcastMy First Million
In this podcast, the speaker shares an academic approach to outlining the most desirable attributes of a happy neighborhood.
01:14 - 05:15 (04:00)
Summary
In this podcast, the speaker shares an academic approach to outlining the most desirable attributes of a happy neighborhood. The speaker also discusses the appeal of living in a cozy space and compares it to the glorification of van life while sharing personal experiences of living in different countries.
Episode#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
PodcastMy First Million
Investor Mark Andreessen believes that in terms of personal success, cultivating a comfortable life is more desirable than endlessly trying to innovate and launch new projects.
05:17 - 13:12 (07:55)
Summary
Investor Mark Andreessen believes that in terms of personal success, cultivating a comfortable life is more desirable than endlessly trying to innovate and launch new projects. However, if one's calling is to contribute to society and progress humanity, then pursuing endeavors such as curing diseases would be the ideal path.
Episode#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
PodcastMy First Million
The cost benefits of outsourcing development work to countries outside of the US and Europe comes with the challenge of finding a vetted professional.
13:13 - 17:40 (04:26)
Summary
The cost benefits of outsourcing development work to countries outside of the US and Europe comes with the challenge of finding a vetted professional. The speaker plans on starting a new business and the process of finding good developers outside the US and Europe remains daunting.
Episode#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
PodcastMy First Million
The challenge of digital local news has been around since the inception of the internet.
17:40 - 21:29 (03:49)
Summary
The challenge of digital local news has been around since the inception of the internet. Many individuals and companies have endeavored to solve this problem, but it still remains an issue.
Episode#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
PodcastMy First Million
The Toronto Star and patch.com faced financial troubles due to declining revenue and pension obligations, respectively, despite being successful online news outlets.
21:29 - 24:28 (02:58)
Summary
The Toronto Star and patch.com faced financial troubles due to declining revenue and pension obligations, respectively, despite being successful online news outlets.
Episode#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
PodcastMy First Million
The speaker discusses how a company has started offering a physical newsletter for $500 a year and questions the idea of paying for a basic and physical version of the newsletter.
24:28 - 27:42 (03:14)
Summary
The speaker discusses how a company has started offering a physical newsletter for $500 a year and questions the idea of paying for a basic and physical version of the newsletter.
Episode#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
PodcastMy First Million
The speaker reflects on the gray areas of success and public perception, highlighting how often the most successful people are determined by media perception rather than actual achievements.
27:42 - 31:11 (03:28)
Summary
The speaker reflects on the gray areas of success and public perception, highlighting how often the most successful people are determined by media perception rather than actual achievements. They also draw attention to the gray areas of legality and misconduct that occur in cities.
Episode#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
PodcastMy First Million
A good CEO can make a big difference in a company's success by solving problems and generating new ideas.
31:11 - 35:37 (04:25)
Summary
A good CEO can make a big difference in a company's success by solving problems and generating new ideas. Having multiple CEOs can lead to chaos and frequent turnover, making it hard for a company to execute effectively.
Episode#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
PodcastMy First Million
In this podcast, the speakers discuss the challenges of criticizing someone else's business, the effect of incentives on decision making, and the importance of asking the right questions.
35:37 - 42:04 (06:27)
Summary
In this podcast, the speakers discuss the challenges of criticizing someone else's business, the effect of incentives on decision making, and the importance of asking the right questions.
Episode#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
PodcastMy First Million
The speaker discusses a unique approach to affiliate marketing that involves door-to-door lead generation for services such as home painting or garage remodeling.
42:04 - 46:14 (04:09)
Summary
The speaker discusses a unique approach to affiliate marketing that involves door-to-door lead generation for services such as home painting or garage remodeling.
Episode#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
PodcastMy First Million
The speaker explores the idea of advertising Salesforce on Facebook by using before-and-after photo ads and targeting specific leads, as most people wouldn't buy a hundred thousand dollars of Salesforce in one click.
46:14 - 54:13 (07:59)
Summary
The speaker explores the idea of advertising Salesforce on Facebook by using before-and-after photo ads and targeting specific leads, as most people wouldn't buy a hundred thousand dollars of Salesforce in one click.
Episode#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
PodcastMy First Million
The speaker explains how using a glucose monitor helped them realize which seemingly healthy foods were causing spikes, and encourages others to use it too for weight loss and overall health improvement.
54:13 - 58:06 (03:52)
Summary
The speaker explains how using a glucose monitor helped them realize which seemingly healthy foods were causing spikes, and encourages others to use it too for weight loss and overall health improvement.
Episode#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
PodcastMy First Million
The speaker shares his experience with a friend who is a successful real estate developer and discusses how real estate development can be a better option for making money compared to angel investing.
58:06 - 1:01:31 (03:25)
Summary
The speaker shares his experience with a friend who is a successful real estate developer and discusses how real estate development can be a better option for making money compared to angel investing.
Episode#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
PodcastMy First Million
The speaker talks about integrating Hay’s best feature ideas into Gmail because he found himself constantly sitting in his inbox; he also mentions his investment process.
1:01:31 - 1:05:44 (04:12)
Summary
The speaker talks about integrating Hay’s best feature ideas into Gmail because he found himself constantly sitting in his inbox; he also mentions his investment process.
Episode#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
PodcastMy First Million
This transcript is a conversation between two podcasters discussing upcoming episodes and business strategies.
1:05:44 - 1:06:58 (01:13)
Summary
This transcript is a conversation between two podcasters discussing upcoming episodes and business strategies. They talk about the importance of feedback and brainstorming, as well as offering more to the community with behind-the-paywall features such as AMAs and business critiques.