Live Your Startup Dream Without Quitting Your Day Job with Patrick Mcginnis
The Unmistakable Creative Podcast
Srinivas Rao
4.8 • 1K Ratings
🗓️ 13 February 2017
⏱️ 48 minutes
🧾️ Download transcript
Summary
I was not raised to think like an owner. You had a 401k or something but there was none of the ownership thing. I didn’t really think about that until I didn’t have ownership. But what I realized when I was freelancing is that you’re on a treadmill. I think so many people miss the boat on that. If people are going to create stability for themselves in the long run, they need to own something. – Patrick Mcginnis
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.
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 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. |
| 0:13.9 | And I didn't really think about that until I didn't have ownership, |
| 0:17.7 | because I always had Carrie and things like that. |
| 0:19.3 | That's great, whatever. |
| 0:20.5 | 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 and I was |
| 0:36.3 | talking to a there was a guy who was driving me around Nairobi and we were talking about this and in |
| 0:41.6 | Kenyan culture it is very common for family |
| 0:45.0 | groups to get together pool their money and buy things that are productive assets like |
| 0:49.0 | real estate or to start a shop and they totally get this because it's a society where the |
| 0:55.6 | workforce is less stable there's a lot of working in the gray economy and |
| 0:58.7 | people can't really count on Social Security and so I thought it was really |
| 1:02.1 | provocative that you have a society |
| 1:04.4 | very different than ours, halfway across the world, but people have figured out exactly |
| 1:08.6 | that point that if they are going to create stability for themselves over the long run and income they need to own something. |
| 1:18.4 | I'm Srenny Rao and this is the unmistakable creative podcast where you get a window into the stories |
| 1:24.3 | and insights of the most innovative and creative minds who started movements, built |
| 1:28.4 | thriving businesses, written best-selling books, and created insanely interesting art. For more, check out our 500 episode |
| 1:34.6 | archive at unmistakable creative.com. May I have your attention please you can now book your train tickets on Uber and get |
| 1:50.2 | 10% back in credits to spend on your next Uber ride. |
| 1:54.3 | So you don't have to walk home in the rain again. |
... |
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 2026.