Canadian entrepreneur Andrew Wilkinson’s early decision to ditch a career as a journalist and teach himself web design has proved lucrative, making him the majority owner of a technology investment firm worth more than US$300 million.
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But Wilkinson vows a comeback and an effort to turn Tiny into a “multibillion-dollar business” — not because he wants to amass more wealth, but because he wants to follow his role models and give it away. The Pershing Square founder, who’d invested in Wilkinson’s venture WeCommerce, urged him to sign the Giving Pledge — the oath created by Bill Gates, Melinda French Gates and Buffett — to encourage the wealthy to give away their fortunes. Ackman then set up a call for Wilkinson with Buffett himself, who echoed the sentiment. A representative for Ackman didn’t respond to requests for comment.
“It’s driven by retail money,” Canaccord Genuity analyst Robert Young said of the stock, adding that Tiny’s scarce free floating shares are thinly traded, which can make them volatile. Although Wilkinson is content he has enough money, he said this doesn’t mean he’s less motivated to build his company. “I also have a duty to our shareholders, employees, and the non-profits we fund, and I take that seriously.”
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