Best of: Live Your Startup Dream Without Quitting Your Day Job with Patrick Mcginnis
The Unmistakable Creative Podcast
Srinivas Rao
4.8 • 1K Ratings
🗓️ 23 March 2018
⏱️ 45 minutes
🧾️ Download transcript
Summary
Beginning a startup business can be a daunting task. Most believe you have to drop everything else you’re doing in your life and focus everything on starting that business. But according to Patrick McGinnis, that doesn’t have to be the case. Listen to our latest episode to hear how you can get started in a business without having to quit your day job!
Patrick J. McGinnis is a venture capitalist and private equity investor who founded Dirigo Advisors, after a decade on Wall Street, to provide strategic advice to investors, entrepreneurs, and fast growing businesses. In this capacity, he has worked in a range of settings, from building startups from the ground up in Silicon Valley to acting as an expert consultant to the World Bank in Latin America, Africa, and the Middle East. As a 10% Entrepreneur, he has built a diverse portfolio of investments outside of his day job. He is also the author of The 10% Entrepreneur.
Subscribe for ad-free interviews and bonus episodes https://plus.acast.com/s/the-unmistakable-creative-podcast.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's so interesting because I was not raised to think like an owner and I'm not you know dissing on my parents |
| 0:07.0 | They're amazing but we you would own you'd have a 401k or something |
| 0:11.5 | But there was none of the ownership thing. |
| 0:14.0 | And I didn't really think about that until I didn't have ownership, |
| 0:17.8 | because I always had Carrie and things like that. |
| 0:19.3 | That's great, whatever. |
| 0:20.6 | But what I realized, of course, when I was sort of freelancing is the minute you're on a treadmill right and so I that I realize I really needed to have that and I think so many people miss the boat on that and what's so interesting though is I was recently in in Kenya |
| 0:35.6 | and I was talking to a there was a guy who was driving me around Nairobi and |
| 0:39.8 | we were talking about this and in Kenyan culture it is very common for family |
| 0:45.1 | groups to get together pool their money and buy things that are productive assets |
| 0:48.9 | like real estate or to start a shop and they totally get this. |
| 0:53.4 | Because it's a society where the workforce is less stable. |
| 0:56.9 | There's a lot of working in the gray economy |
| 0:58.9 | and people can't really count on Social Security. |
| 1:01.3 | And so I thought it was really provocative that you have a society |
| 1:04.2 | very different than ours, halfway across the world but people have figured out |
| 1:07.8 | exactly that point that if they are going to create stability for themselves with |
| 1:12.1 | the long run and income they need to own |
| 1:13.9 | something. |
| 1:16.5 | I'm Srenny Rao and this is the unmistakable creative podcast where you get a window into the stories and |
| 1:24.5 | insights of the most innovative and creative minds who started movements, built thriving businesses, |
| 1:29.6 | written best-selling books and created insanely interesting art. For more check out our 500 |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Srinivas Rao, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Srinivas Rao and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.