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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

We're going to partner to build this business around the beauty space.

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

And we had looked at some of these beauty influencers.

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

In fact, one of the pitches I got us when we were working on this company, Real Influence, that we had worked in the year before was with the Lauder organization.

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

So I had a good friend who worked at Lauder, Estee Lauder.

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

We met with the head of digital.

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

And basically, she was like, we don't even know how to think about beauty.

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

YouTube right now.

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

And within a year, they had spent all kinds of money building a channel.

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

So it was clear to me that we were at the right place at the right time.

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

And the fact that Michelle had a huge customer base meant that there was no acquisition cost for the customers.

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

He was raising around.

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

He was raising around.

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

He put together a bunch of people.

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

He had a couple of VCs in there, but it was mostly investors.

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

angels, people who were at Facebook and maybe had an exit.

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

And he said basically like, um, you know, we are, we, I was, I don't think it is close how much they raise.

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

I mean, it's been out in the press a bit, but you know, it was in the, it was in the single millions because, you know, he didn't need a lot of cash to do what he wanted.

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

And he said, you know, here's the docs.

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

If you're interested, you can invest as much as you want.

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

Um, and I, you know, that was it.