Patrick J. McGinnis

Patrick McGinnis founded Dirigo Advisors in 2010 to provide strategic advice to investors and businesses operating in Latin America and other emerging markets.  Patrick is a New York-based Partner of Centria Partners, a Sao Paulo-based advisory boutique that focuses on businesses in the technology, media, software, and biotech industries.  He has also advised the World Bank and the International Finance Corporation on projects related to private equity and venture capital.  In 2013, Patrick co-authored a World Bank Policy Working Paper entitled "Private Equity and Venture Capital in SMEs in Developing Countries:  The Role of Technical Assistance."  An advocate of entrepreneurship in Latin America, he is a mentor at NXTP Labs, Latin America's most active seed investor. He also serves as an independent board advisor to Socialatom Ventures, a seed investment fund based in Medellin, Colombia, and is a board member of The Resource Group, a global BPO and software company with over 14,000 employees worldwide.  

He is also the author of the international bestseller The 10% Entrepreneur, a guide to becoming an entrepreneur without quitting your day job, (Penguin Portfolio 2016). The book has been featured by The Financial Times, the BBC, MSNBC, CNN en Espańol, Entrepreneur, Fast Company, Forbes, Fortune, and many other media outlets worldwide.  Patrick is also credited by Boston Magazine with coining the term “FOMO” or “fear of missing out,” a term made popular by Millennials and digital junkies that was added to the Oxford Dictionary in 2013.

As a 10% Entrepreneur and manages a portfolio of investments he has made outside of his day job.  In this capacity, he has invested in both seed and venture capital transactions in Latin America (NXTP LabsThe Fan MachineBunnyBlueSmart, and WeHostels) and the United States (Everbright MediaAfiniti, and ipsy).  He serves as an Advisor at Bunny, and BlueSmart.  See Select Investments for more information.   

Prior to founding Dirigo Advisors, he was a Vice President of PineBridge Investments (formerly AIG Capital Partners) a global emerging markets investment firm managing over $5 billion.  At PineBridge, Patrick sourced, structured, executed, and monitored growth equity investments in Latin America, Central Europe, the Middle East, and Asia.  Patrick also advised portfolio companies on matters including strategic and financial planning, capital structure, acquisitions, business development, and exit opportunities.  In this capacity, he invested in and sat on the Boards of Directors of: 

  • The Resource Group, a global business process outsourcer
  • Falcon Farms de Colombia and Falcon Farms de Ecuador, the Andean subsidiaries of the second largest fresh cut flower company in the United States
  • Asimco Technologies, one of the largest independent automotive components manufacturers in China
  • For You Bakim Ürunleri Magazalari, a start-up Turkish discount retailer, where he was Vice-Chairman  

Prior to joining PineBridge, Patrick was an investment professional at JP Morgan Partners working on the Latin America team in both New York and São Paulo.  While at JPMP, he executed ten investments in the region, with particular focus on early-stage investments.  These included Americanas.com, a spin-off of Brazilian retailer Lojas Americanas, and MercadoLibre.com, Latin America’s largest online trading platform.  Other investments spanned travel e-commerce (Viajo.com now Despegar.com), sports media (SportsYA!), and Brazilian IT outsourcing (Tesla).  He served on the Board of Directors of Hispanic Teleservices Corporation, a Mexican outsourced contact center and Freddo, S.A., Argentina’s leading artisanal ice cream retailer.   Patrick started his career as an investment banker in the Latin America group of Chase Securities, Inc.  

An avid traveler, writer, and speaker, Patrick has visited more than 60 countries.   He is the author of The 10% Entrepreneur, which will be published by Penguin Books in early 2016.  He also blogs about travel, technology, and business for the Huffington Post and Business Insider.  He also writes a column on venture investing in Latin America for the Latin America Venture Capital Association.  He is a frequent speaker on the topics of entrepreneurship, venture capital, private equity, and emerging markets investing, and has spoken at events such as Red Innova, Start-Up Chile, Angel Hack Santiago, the Latin America Tech Meetup, The Americas Society / Council of the Americas, Campus Party Mexico, Born Global Medellin, Start-Up Weekend NYC, the NYU Private Equity Conference, and the Columbia University Latin America Business Association Conference.  His is also a speaker in the U.S. State Department Speakers Program and has spoken about entrepreneurship and social ventures in Buenos Aires as well as via Google Hangout.    

Patrick is a member of the Business Advisory Network of NESsT, a non-for-profit enterprise that develops sustainable social enterprises that solve critical social problems in emerging market economies.  He is also a Young Trustee of Atlas Corps, an international network of nonprofit leaders and organizations that seeks to address global challenges.  He has also been a panelist at Endeavor International Selection Panels in Beirut and Mexico City.  

Patrick graduated magna cum laude from the School of Foreign Service at Georgetown University, where he served a one-year appointment as a Rotary Ambassadorial Scholar at the Universidad Torcuato di Tella in Buenos Aires, Argentina.  He holds an MBA from Harvard Business School.  

He is fluent in Spanish, Portuguese, and French. 

 

THE 10% ENTREPRENEUR

Becoming a full-time entrepreneur can look glamorous from the outside. Who doesn’t want to chase their dreams, be their own boss, and do what they love? But the truth is that entrepreneurship is often a slog, with no regular hours, no job security, and very little pay. What if there was a way to have the stability of a day job with the excitement of a startup? All of the benefits of entrepreneurship with none of the pitfalls?

In The 10% Entrepreneur, Patrick McGinnis shows you how, by investing just 10% of your time and resources, you can become an entrepreneur without losing a steady paycheck.

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