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Tiny

tinycapital.com

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Re: Tiny

#141

Post by lovelyviking »

bluecalm wrote: post #139
anonu wrote: post #96

Earlier quoted context omitted.

Allow me to be cynical for a moment, for the sake of debate: if your business is profitable, why sell it for what Im assuming is going to be low multiple to a non-strategic buyer like Tiny?

I run a profitable business (1.5m+ revenue at 90%+ margins). I would love to sell it and do something else. I even think you can grow it in relatively straightforward way, I just don't have the energy to make it happen. Sadly it's a niche business, might be difficult to run by outsiders. The reasons I want to sell are that I want to do something else and that I am already set for life (maybe not fully Fat Fire but ve…

With your experience do you think it is possible or how realistic it could be to put some talented person as a manager instead of yourself and thus allow yourself to do something else without actually selling it?

Re: Tiny

#143

Post by dang »

slyall wrote: post #11

Previous discussions of Tiny: 2 months ago: https://news.ycombinator.com/item?id=28806500 18 months ago: https://news.ycombinator.com/item?id=23739381 4 years ago: https://news.ycombinator.com/item?id=13905777

Thanks! Macroexpanded:

The Berkshire Hathaway of the Internet (2017) - https://news.ycombinator.com/item?id=28806500 - Oct 2021 (42 comments)

Andrew Wilkinson and Tiny Capital - https://news.ycombinator.com/item?id=23739381 - July 2020 (16 comments)

Berkshire Hathaway of the Internet - https://news.ycombinator.com/item?id=13905777 - March 2017 (112 comments)

Re: Tiny

#144

Post by indymike »

andreilys wrote: post #137
AQuantized wrote: post #124

Earlier quoted context omitted.

Perhaps try to build your own and run that instead? To be honest I think you'd learn more about how to buy a business than how to run one if you bought one instead.

Starting a business is a lot harder than running one. If you buy a business, you have the opportunity to scale and fix issues (code, business model and otherwise). Starting something from scratch involves a lot more work and skills.

> Starting something from scratch involves a lot more work and skills.

Starting vs. buying/scaling requires a different set of skills and perhaps different work, but roughly the same amount as starting. Source: I've done both.

Re: Tiny

#145

Post by z2 »

SMAAART wrote: post #89

This is quite interesting. Are there any competitors/similar companies? Not looking for IAC, but smaller upcoming companies.

Looks to me to be similar in approach and philosophy to Constellation Software (https://www.csisoftware.com/), which has done very well.

Re: Tiny

#148

Post by devops000 »

bensouthworth wrote: post #116

We sold Unicornhunt.io to Tiny Capital a few years ago and it was a relatively painless experience ( selling up is an emotional thing as is ) and I'd strongly recommend to any indie founder looking to exit. Feel free to email me on benjamin@peaceandlove.io if you want to discuss it further.

Did you have more than $500K profits at year before selling? What it was the sold EBITDA multiplier?

Re: Tiny

#149

Post by selcuka »

skrebbel wrote: post #113
jmacd wrote: post #82

For B2B SaaS and dev tools/infrastructure there is https://xenon.io/ which operates with similar principals it seems.

For a data point, they bought Baremetrics and immediately removed the cancel button (which itself is a Baremetrics feature!). Now you have to call them to cancel. I guess that is exactly the kind of stuff you'd expect a SaaS PE firm to do, but it still feels a bit sleazy to me. IIRC the founder reported that from his perspective, they handled the purchase well though.

They probably have a checklist of best practices (depending on the interpretation of "best") they immediately apply to almost every SaaS they purchase.

Re: Tiny

#150

Post by aspenmayer »

cormacrelf wrote: post #108
aspenmayer wrote: post #100

Earlier quoted context omitted.

Principal investor is a term of art in the industry. It has other financial meanings as well. Principles are ideals you adhere to or uphold. They are also concepts used to implement a design. Principal and principle are homophones, and they are commonly mixed up. https://www.law.cornell.edu/definitions/uscode.php?def_id=12... https://www.investopedia.com/terms/p/principal.asp#understan...

Are you disagreeing with me?

No, I was just trying to disambiguate the terms. Sorry if it came off that way.
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