This week, I spoke with Andrew Wilkinson, founder of Tiny, about buying, building, and operating internet businesses.

The Big Idea: Podcasting right now is where the internet was in 1999.

Favorite Quote: "As soon as I start doing something I don't enjoy, I want someone else to do it and it turns out that's a really good quality for an entrepreneur. It's what makes an entrepreneur. Very quickly when I started my business I started delegating. And If you follow that progression over decades, the ultimate form of delegation is investing and hiring others to run your businesses."

Topics Covered:

- Business models for internet companies

- How Tiny is organized as a holding company

- Structuring incentives for executives

- Why to avoid competing with venture-backed companies

- The podcasting industry

- A local news experiment in Victoria, Canada