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My First Million

We Turned $5M Into $419M Buying Cashflow Businesses ft. Jeremy Giffon

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.82.7K Ratings

🗓️ 16 April 2024

⏱️ 33 minutes

🧾️ Download transcript

Summary

Episode 573: Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk to Jeremy Giffon about how Tiny Capital turned $5M in equity into 30 profitable companies. Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 — Show Notes: (0:00) Humble beginnings at Tiny Capital (4:40) Tiny’s first acquisition (8:17) 50X return on Dribbble (10:14) Skip the cash flow statements (11:57) How to spot the opportunity (14:00) Chris’s superpower (16:20) Stomaching aggressively low offers (17:46) Make an offer and stop talking (19:36) It’s not you vs. them (22:06) "What would need to be true to make this deal?" (23:03) How to crush the cold email (25:15) Worst deal -- ignored red flags, lost everything (27:00) Best deal: Mealime (25X return) (29:16) Weirdest deal ($36.00 acquisition) — Links: • Tiny Capital - https://www.tiny.com/ • Dribbble - https://dribbble.com/ • Metalab - https://www.metalab.com/ • Mealime - https://www.mealime.com/ — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. — Other episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto • #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Transcript

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0:00.0

All right, I've been chasing this guest today for six months, begging him to come on the

0:03.7

podcast because I heard him on a podcast last year and as much as this breaks my heart to say it,

0:08.8

that was my favorite business podcast of the year and it wasn't even our own but he was so good that I

0:13.2

asked him to come on his name is Jeremy Giffon he is he was the first employee

0:18.2

at Tiny which if ever listen to the podcast we've had Andrew Wilkinson on many many

0:21.4

times they basically turned $5 million of starting money

0:25.8

into about $500 million of equity just by buying businesses that cash flow. So they bought, you know,

0:32.1

small businesses that cash flow kept recycling, recycling,

0:34.7

recycling over 10 years turned into 500 million. So I wanted to ask him, what was it like in the early days?

0:39.7

What were those first deals like? He was there before they even had a name before they were even

0:43.7

even called tiny so we asked him about his best deals his worst deals the weirdest

0:47.8

deals he's ever done negotiating tactics he learned this episode is amazing

0:52.1

it's a 10 out of 10 for me. Enjoy this episode with

0:55.1

Jeremy.

0:56.1

I feel like I can rule the world. I know I could be what I want to

1:03.2

I put my all in it like days off on the road let's travel never looking back

1:08.6

what's up Jeremy welcome to the show we figure we've we've had your mentor on enough times now Andrew he's

1:15.0

probably the the most popular guest on the show enough of Andrew we got to go to

1:19.4

his protege we got to go to the young gun who was there from the beginning and

1:22.1

and have you on welcome to the Young Gun who was there from the beginning and have you on.

1:23.2

Welcome to the show, man.

1:24.9

Thanks for having me, guys.

...

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