Keep pulling the thread on Andrew Wilkinson.
The design agency Metalab has generated hundreds of millions of dollars in profit over its lifetime.
Andrew Wilkinson predicts that LLMs will dramatically increase competition in the SaaS industry, leading to significant margin compression for many software companies.
At the time of its acquisition by Tiny, DJ software company Serato was generating $45 million in revenue and $15 million in EBITDA.
Andrew Wilkinson ranks investment vehicles with permanent capital, like those managed by Bill Ackman and Warren Buffett, as "S" tier because investors cannot withdraw their capital, providing stability.
In 2020, Bill Ackman made a successful derivatives trade, turning a $25 million investment into $2.4 billion in profit by betting against the market during the COVID-19 downturn.
The holding company Tiny was initially capitalized with $4-5 million, sourced from Andrew Wilkinson and Chris Sparling, and has not required any further capital injections.
Tiny's portfolio, including companies held in its $200 million fund like AeroPress and Letterboxd, consists of over 30 businesses generating a combined total of over $300 million in revenue.
Founders Fund was one of the few venture capital firms to invest heavily in Bitcoin starting around 2014-2015, as most VCs were restricted from purchasing cryptocurrencies by their fund's bylaws.
Elad Gil and Founders Fund made a contrarian investment in defense technology company Anduril at a time when it was unpopular for Silicon Valley firms to back weapons companies.
The holding company Tiny has $65 million in Annual Recurring Revenue (ARR).
The holding company Tiny generates over $40 million in EBITDA.
The holding company Tiny manages a $200 million fund.