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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

And my friend called me a year later, said, would you like to invest in my startup?

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

It's called Ipsy, and Ipsy has gone on to raise over $100 million.

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

You know, I invested when it had no customers.

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

Last report, obviously confidential now, but it was at over 150,000, sorry, over a million customers.

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 a company that basically is one of the stars of, you know, the whole e-commerce space.

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

And I was one of the first investors.

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

So obviously a huge, huge win for me.

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

Yeah, absolutely.

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

It's basically the co-founder is Michelle Phan, who right now has 8 million subscribers and nearly a billion video views.

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

So it's a huge...

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

It's a huge win because all of the marketing is done through YouTube, Michelle and other celebrities that are affiliated with the company.

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

They met through his work.

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

He worked at Funny or Die as well.

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

And they met kind of the whole video space because he was quickly emerging as a video kind of maven.

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

And, you know, he took me along and taught me everything I know about the space.

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

And so when he came to me with Ipsy,

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

I understood that when he was trying to build from sort of day zero because I worked with him before.

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 was a really kind of a no brainer for me, even though it was kind of I'd never made an investment before.

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

So what'd he say?

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

Basically, he said, I found this woman.