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Patrick McGinnis

๐Ÿ‘ค Speaker
268 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

The real way it works is you just simply have to be out there.

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

You have to have an authentic message.

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

You have to be able to tell that story and you have to enjoy doing it because you're going to be doing a lot of it.

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

So that's why I have my day job.

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

So I have my firm.

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

I sit on some boards of companies.

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

I advise the World Bank.

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

I have other clients.

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

And that covers cost of life in New York City.

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

But what I realized when I was doing that, and I think a lot of people these days, in a way, it's like freelancing, I guess.

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

And freelancing is great in terms of flexibility, but you build zero wealth.

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

And that's why I came up with this idea, because I had been at a venture capital firm.

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

I had been in a private equity firm and I knew what it was like to build, you know, carry in the funds and things like that.

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

So I thought, how can I do this myself?

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

How can I kind of combine freelancers?

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

balancing with entrepreneurship to do things to create wealth in the long run.

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

And so it's been a very effective way to do that with the understanding that what you correctly said is these are not overnight things, right?

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

The average startup goes from series A to exit in seven years.

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

So you have to build this long-term portfolio.

SaaS Interviews with CEOs, Startups, Founders
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

You can also, I invest in real estate as well, which gives me dividends and things like that.