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Patrick McGinnis

Founder, Dirigo Advisors · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

authorinvestorhostfounder@pjmcginnis ↗LinkedIn ↗patrickmcginnis.com ↗Wikipedia ↗

Patrick McGinnis is best known for coining the acronym FOMO in a 2004 Harvard Business School op-ed. He is the author of The 10% Entrepreneur, founder of advisory firm Dirigo Advisors, and host of the FOMO Sapiens podcast.

10statements → 3claims → 2claims resolved → 3.9/5average certainty → 1.6/5average debate potential → ≈4.5/5argument clarity, estimated → 1said about them ↓

2 supported 0 partly supported 0 contradicted 1 not checkable as stated how the 3 claims stand · each chip opens the sources

3 assertions · 3 insights · 4 disclosures · every statement was checked. The predictions and assertions are the 3 claims: statements the public record can support or contradict. 2 are resolved, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Patrick argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
McGinnis: Traditional book publishers pay authors around 10% royalties
“You get around 10% at a traditional publisher.”
Patrick McGinnis Apr 23, 2017 ▶ 14:01 638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
0% certainty 3
100% certainty 4
none yet certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Patrick McGinnis on measured tape to publish a rate. This says nothing about how they speak.

Everything Patrick McGinnis said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight
McGinnis: Top VCs only syndicate their lesser deals to outside angels
“And my view is if Kleiner is in this deal, I mean, I I'm honored to look at it. It's really nice, but they probably are showing it to me cause it's not one of their best ones. Because if it were that great, they'd take the whole thing themselves or they'd get,…”
Patrick McGinnis Apr 23, 2017 ▶ 10:27 638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis
Insight
McGinnis: Freelancing Offers Flexibility but Builds Zero Wealth
“Freelancing is great in terms of flexibility, but you build zero wealth.”
Patrick McGinnis Apr 23, 2017 ▶ 19:12 638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis
Insight
McGinnis: Angels investing in friends must insist on strict commercial terms
“Number two, you have to make sure that you, these may be your friends, but you cut a commercial deal and you know, there's no mates rates in these kinds of things. And that it helps to have outside investors when you do these things.”
Patrick McGinnis Apr 23, 2017 ▶ 10:08 638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis
Assertion Supported
McGinnis: Traditional book publishers pay authors around 10% royalties
“You get around 10% at a traditional publisher.”
Patrick McGinnis Apr 23, 2017 ▶ 14:01 638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis
Assertion Supported
McGinnis invested in Ipsy at zero customers before it reached 1M+
“I invested when I had no customers, last report, obviously confidential now, but was at over a 150,000 sorry, over a million customers.”
Patrick McGinnis Apr 23, 2017 ▶ 3:54 638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis
Disclosure
McGinnis: Ipsy is his top angel investment, followed by Bluesmart and Afiniti
“It is, although I have two that are that are close behind.”
Patrick McGinnis Apr 23, 2017 ▶ 7:52 638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis
Disclosure
McGinnis: Half of personal investment portfolio acquired via sweat equity
“So half my portfolio, I've just gotten sweat equity for those things.”
Patrick McGinnis Apr 23, 2017 ▶ 11:59 638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis
Disclosure
McGinnis received a $100k advance for 'The 10% Entrepreneur'
“My advance was in the high. Let's see, what was it? It was in somewhere around a hundred K.”
Patrick McGinnis Apr 23, 2017 ▶ 14:49 638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis
Assertion Not checkable as stated
McGinnis: Wrote 'The 10% Entrepreneur' in one month
“I did it in a month.”
Patrick McGinnis Apr 23, 2017 ▶ 12:32 638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis
Disclosure
McGinnis: All Social Media and Database Operations Run Out of Venezuela
“I have a group that does all my social, all my database management. So we have obviously a database we've built with all the usual tricks that everybody does. And I do it all out of Venezuela.”
Patrick McGinnis Apr 23, 2017 ▶ 17:45 638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Entrepreneur Patrick McGinnis

The other half of the tape: Patrick McGinnis's own voice is left out of every number here. Other people bring the name up 1 time in 1 episode on Top Founders. every mention, with the transcript →

Who brings them up most Josh Newman 1

Every mention by year

tap a year for its mentions
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0112022episodes it came up in
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2022 1 mention in 1 episode

Appearances (1)

EpisodeDateSpeaking time
638: Alternative Investment Ideas, His Book Deal Included 10% Royalty, $100k Advance from Apr 23, 2017 15m
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