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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

He already had a lead in everything.

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

Oh yeah.

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

I mean, you know, the thing about these deals now, they're so simple, right?

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

I started my career as a venture capitalist,

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, in the early 2000s and all the deals were, you know, it was it was not like today where you have safe notes or everything super structured.

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

Most of the deals I look at are pretty simple.

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

Right.

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

So go ahead.

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

No, I was just going to say, you know, that's just one example.

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

Obviously, that's a great one to talk about because it's a ridiculous example.

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, that's that doesn't happen every day.

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

But I've had, you know, several other businesses have done similar and some have gone nowhere.

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

But the idea is to do a bunch of them to diversify and then over time build a real portfolio.

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

It is.

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

It is, although I have two that are close behind.

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

What are the other two?

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

I have one called Blue Smart, which is a smart suitcase company, and they went through Y Combinator.

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

This is a company that is started by a team out of Argentina, and they did an Indiegogo campaign to do some pre-sales, thinking they would maybe sell a couple hundred grand and did over $2 million.

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

Interesting.

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

Precisely, precisely.