Patrick McGinnis
๐ค SpeakerAppearances Over Time
Podcast Appearances
And my friend called me a year later, said, would you like to invest in my startup?
It's called Ipsy, and Ipsy has gone on to raise over $100 million.
You know, I invested when it had no customers.
Last report, obviously confidential now, but it was at over 150,000, sorry, over a million customers.
And so it's a company that basically is one of the stars of, you know, the whole e-commerce space.
And I was one of the first investors.
So obviously a huge, huge win for me.
Yeah, absolutely.
It's basically the co-founder is Michelle Phan, who right now has 8 million subscribers and nearly a billion video views.
So it's a huge...
It's a huge win because all of the marketing is done through YouTube, Michelle and other celebrities that are affiliated with the company.
They met through his work.
He worked at Funny or Die as well.
And they met kind of the whole video space because he was quickly emerging as a video kind of maven.
And, you know, he took me along and taught me everything I know about the space.
And so when he came to me with Ipsy,
I understood that when he was trying to build from sort of day zero because I worked with him before.
And so it was a really kind of a no brainer for me, even though it was kind of I'd never made an investment before.
So what'd he say?
Basically, he said, I found this woman.