Dentist Menace Follow-ups
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A strategy of persistent, long-term follow-up to acquire businesses through consistent monthly contact, as demonstrated in the AeroPress acquisition.
The Dentist Menace Approach
- Consistent monthly follow-up for 4 years straight
- Used email reminders in Superhuman to maintain consistency
- Focused on a category-defining brand (AeroPress)
- Eventually succeeded in negotiating a deal after 4 years
Why The Target Was Attractive
- Zero marketing spend but widespread distribution
- Present in most gourmet coffee shops globally
- From Blue Bottle to independent shops
- Category ownership characteristics
- Similar to Kleenex or Band-Aid in brand recognition
- Product name written on coffee grinders as a setting
- No one searches "pneumatic tube coffee maker" - just "AeroPress"
Acquisition Strategy
- Identified clear growth opportunities
- Main focus on developing D2C (direct-to-consumer) strategy
- Plan to maintain existing business operations
- Scale through new channels while preserving core business
Target Characteristics
- Strong cult following
- World AeroPress championships exist
- Baristas get AeroPress tattoos
- Inventor-led business
- Original inventor still involved
- Had a president running day-to-day operations
- Strong product development focus
The key lesson is that persistence and patience in pursuing acquisition targets can pay off, especially when you identify a strong brand with clear growth potential.
25:00 - 27:35
Full video: 01:25:15AW
Andrew Wilkinson
Co-founder of Tiny
Wilkinson is the co-founder of Tiny Capital, which owns companies including AeroPress, MetaLab and Dribble. He is also the co-founder and chairman of WeCommerce, a holding company that starts, buys, and invests in the world’s top Shopify businesses.