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Evidence receipt / recommendation

Published · transcript-backed

Ben Gilbert: recommendation

30 Oct 2023 Acquired Charlie Munger

“For instance, they just bought the premier social network for film buffs, Letterboxd, which has been the founder's baby for 12 years and will stay so within Tiny. This really reflects Tiny's whole ethos—work with only the best internet businesses, commit to simple diligence 30 day deals, and leave the business alone, either for you to operate or bring in new long-term oriented management.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
recommendation
Recorded
30 Oct 2023
Publisher
Acquired
Episode
Charlie Munger

Transcript context

…Fast forward to today, and thanks to Tiny's success, this opportunity is no longer a secret. Many people have caught on to the idea that this can really work. But just like Berkshire itself, no one else has the combination of experience, temperament, access to capital, and frankly, reputation that Andrew and Chris have built over the past two decades. We're investors in Tiny ourselves alongside Bill Ackman and Howard Marks. Just like the two of them, Tiny is really the long-term buyer of choice in their niche. Anyone who's looking for a permanent home for their profitable internet business or who needs a capital partner for a co-founder or VC cap table buyout, would be lucky to work with Tiny. For instance, they just bought the premier social network for film buffs, Letterboxd, which has been the founder's baby for 12 years and will stay so within Tiny. This really reflects Tiny's whole ethos—work with only the best internet businesses, commit to simple diligence 30 day deals, and leave the business alone, either for you to operate or bring in new long-term oriented management. Up to you. Thanks to Tiny. This is the only sponsor, as Ben said, that you'll hear on this episode, and just like Berkshire, it'll be here in perpetuity. Tiny just became a public company earlier this year, and they can now do deals ranging anywhere from $1 million all the way up to $250 million. If you want to get in touch, just shoot them a note at hi@tiny.com and just tell them that Ben and David sent you.…

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