This is a story about how I went from letting down hundreds of young entrepreneurs and being a douche...

To raising tens of thousands of dollars for charity, while saving myself a ton of time.

Here's what I did:
When I was younger, I’d cold email entrepreneurs I admired.

It always meant a ton to me when they responded, and I built some amazing relationships this way.

Flash forward to this year, the tables were turned.

Now I'm the one getting emails from young entrepreneurs....
A couple at first. But now it's like 5-10 cold emails a day from people wanting feedback on their companies, random advice, to get on the phone, etc.

I was drowning in emails already and barely keeping up.

So I started going something shitty:
1. I ignored or deleted them.

2. I'd send back one line responses, which almost always make people think you're a douche/dismissing them.

It made me feel really guilty, so I came up with an idea...
I created a template for my assistant to automatically respond to cold emails with.

Which invites them to a monthly AMA (ask me anything) podcast that Chris and I do.

podcast.tinycapital.com
And we ask anyone who submits a question to donate to charity—any amount they can afford.

It's win/win/win/win

1. We batch all these emails/questions and answer them all at once over the course of an hour or two.

2. We get to share our answers with everyone.
3. We don't have to answer a gazillion emails.

4. We raise money for charity.
So far we've raised almost $60,000 for 3 hours work.

Crazy, right?

Before:

1) I was miserable, wasting time and emailing douche responses.

2) The entrepreneur didn’t get the response they deserved and I felt guilty.

3) A charity wasn’t even part of the equation.
Now:

1) I save hours per month and provide feedback I’m proud to share.

2) The entrepreneur gets the advice they were looking for.

3) Charities reap the benefits.

How's that for a productivity hack?

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More from @awilkinson

18 May
TLDR: This is a story about how I accidentally started a bakery? 😂

People think business is spreadsheets and suits.

Boring stuff.

What it ACTUALLY is, is recognizing a problem, solving it for yourself, then realizing other people have the same problem.

Here's one I solved:
So, I like to be healthy.

Despite occasional ice cream binges, I eat super healthy, exercise, sleep, and all that stuff.

I even wear a blood glucose monitor to track my blood sugar.

I admit it: I'm a health nerd.
Wearing a blood glucose monitor is kind of mind-blowing.

You quickly realize how insanely fucking terrible many foods are for you.

All sorts of stuff that I thought was healthy (smoothies, oatmeal, orange juice) turned out to absolutely decimate my blood sugar.
Read 20 tweets
17 May
There are three key ways to get rich:

1. Start a Business

2. Be Born Into a Wealthy Family

3. Extreme Patience

Everyone likes the stories about #1 and #2.

Nobody likes to hear about #3.

Too bad.

Today, I'm going to tell you a story about a guy who made billions with #3...
“__________ has the best operating and capital deployment record in American business.”

–Warren Buffett

“His results are a mile higher than anyone else …utterly ridiculous.”

–Charlie Munger

Who is this mystery man?

I'd wager money you've never heard of him...
Everyone knows about Buffett and Munger.

But almost nobody knows about Henry Singleton.

The man who quietly bootstrapped $450k into $1.15 BILLION.
Read 16 tweets
28 Apr
Which company are you better off investing in?

High Growth Compounder 🐇
$1M earnings growing 50% per yer
Valuation: $30M (30x earnings)

Slow and Steady Grower 🐢
$1M earnings growing 10% per year
Valuation: $3MM (3x earnings)

Let's play this out....
Company 1 - High Growth Compounder 🐇

Assuming 50% growth rate continues:

Year 1: $1.5MM
Year 2: $2.25MM
Year 3: $3.375
Year 4: $5M
Year 5: $7.5M

Value if trading at 30x: $225M
Value if multiple gets cut in half to 15x: $112.5M
Value if multiple gets cut to 5x: $37.5
Company 2 - Slow and Steady Grower 🐢

Assuming 10% growth rate continues:

Year 1: $1.1M
Year 2: $1.2M
Year 3: $1.32M
Year 4: $1.45M
Year 5: $1.59M

Value if still trading at 3x: $4.7M
Value if trades up to 10x: $15.9M
Value if trades up to 20x: $31.8M
Read 4 tweets
22 Apr
It’s a lot easier to AVOID things that make you miserable than to predict what will make you happy.

There’s an incredible @Harvard Study from 1938 that sheds light on just how to avoid a miserable life.

In 2013, reading it caused me to quit drinking and changed my life...
In 1938, Harvard enrolled 268 sophomores (all men due to the time) into The Study of Adult Development.

They also recruited a group of 456 inner city male Bostonians as a control group.
268 wealthy Harvard undergrads and 456 working class men from some of Boston's worst neighbourhoods, in one long term study to see how their lives would turn out...
Read 17 tweets
19 Apr
One of the most overlooked ways to increase revenue is something called Pricing Power.

Your product is so awesome or in demand that you can charge more and your customers won't leave.

Most leaders are TERRIFIED of raising prices...
But in my experience, most customers don't blink....

For example:

We randomly own a bakery.

Our manager was absolutely terrified of raising prices, even after we showed her that we were charging 25% less than our competition...
Even crazier, in the 5 years since we'd last increased pricing our costs had increased massively.

Hourly wages had been increased significantly, ingredients were more expensive, labour became tighter, rent increased.
Read 9 tweets
5 Apr
I'm pretty confident that:

In 5-10 years, nobody will be aware of crypto 🪙

It will be long forgotten by everyone other than hardcore developers...
Not because crypto won't work.

It will.

But because, as it stands, it's CONFUSING.

The technology is pushed to the forefront when it shouldn't be.

Example: find me a crypto company that doesn't mention crypto.

In an effort to promote crypto, they obscure the utility.
As @benedictevans pointed out this morning, crypto projects are often impossible to navigate or underststand as a mere mortal.

They are built for fellow crypto nerds:

Read 10 tweets

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