Business Advice Thread

There's a fellow named Andrew Wilkinson ( @awilkinson) who was dubbed the "Warren Buffett for Startups", buying, starting & investing in various internet businesses.

I listened to a @MyFirstMilPod podcast where Andrew fielded questions last year in an AMA.

I transcribed the Q&A — please excuse typos — and highlighted a handful of questions and answers that stood out to me.

(Listen to the entire podcast here: http://bit.ly/MFMAMA )

NOW, time for the meat!

Question 1:

I know that you outright buy majority stakes in companies and hire CEOs to manage them. How do you find these CEOs that you can trust?

Question 2:

Do you think company building is a repeatable process? What percentage of it can you automate by technology or process?

Question 3:

What is your biggest failure and what did you learn from it?

Question 4:

What is one core personal attribute that you look for when you hire somebody?

Question 5:

You don't live in a tech hub. How do you make connections with other entrepreneurs?

Question 6:

During your time at MetaLab, what was the best way you acquired clients?

If you enjoyed part of the Q&A with @awilkinson, and @ShaanVP & @theSamParr don't mind me sharing the rest of it, would be glad to share additional Q&A's from the session.

Alternatively, give the pod a listen and subscribe - it's good stuff.

Until then,