David Rosenthal: evaluation

Transcript context

…Tiny is the Berkshire Hathaway of the Internet. Literally, they are such huge fans that they started a company that makes bronze busts of Buffett and Munger themselves, but more on that in a minute. Berkshire, as we know, started as a textile mill in Massachusetts nearly 200 years ago. Almost 20 years ago, Tiny founders, Andrew Wilkinson and his partner Chris, took their version of an internet textile mill, the premier design agency MetaLab, which designed the UIs for Slack, Uber, Tinder, Headspace, Coinbase, and others. They asked themselves, what would Charlie and Warren do if they were us? That led to the realization that just like Berkshire discovered in the physical world, the Internet also has wonderful niche businesses with great cash flows. In fact, they tend to be even better than the old days of See's Candies and Blue Chip Stamps because they require zero capital reinvestment, have software margins, and can build global brands much faster than the 50 some years it took See's to expand around the world. Andrew and Chris took the extra cash flow from MetaLab and their other businesses, and created Tiny, the world's first and best permanent holding company for wonderful internet businesses, and boy did it work.…

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