Patrick J. McGinnis

Patrick McGinnis founded Dirigo Advisors in 2010 to provide strategic advice to investors and businesses operating in the United States, Latin America, and other markets world wide. As an investor, he is a Partner at Mentors Fund, a global seed fund, and an Investment Committee member at SxF, an early stage investment fund based in Lima, Peru. As an advisor, he works with the World Bank and the International Finance Corporation on projects related to private equity and venture capital. He also serves as a board member of The Resource Group, a global BPO and software company with over 14,000 employees worldwide.  

Patrick is the author of the upcoming book Fear of Missing Out: Practical Decision-Making in a World of Overwhelming Choice. The creator and host of the hit podcast FOMO Sapiens, distributed by Harvard Business Review. Patrick coined the term “FOMO” short for “fear of missing out,” a term made popular by Millennials and digital junkies that was added to the Oxford Dictionary in 2013.He is also the creator of the term “FOBO” or “fear of a better option” and has been featured as the creator of both terms in media outlets including The New York Times, Inc Magazine, Boston Magazine, MSNBC, and Cheddar.

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.  

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.   

Patrick has co-authored several World Bank Policy Working Papers on the topics of venture capital, private equity, and cross-border investment. These include: “Survey of the Kenyan Private Equity and Venture Capital Landscape,” “Investing back home : the potential economic role of the Caribbean Diaspora” and "Private Equity and Venture Capital in SMEs in Developing Countries:  The Role of Technical Assistance."

Prior to founding Dirigo Advisors, Patrick 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.  

Patrick is a founder member of the Leadership Council at Sesame Workshop and the New York Co-Chair of the Leadership Now Project, a non-partisan political reform organization.

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.  

An avid traveler, writer, and speaker, Patrick has visited more than 90 countries and 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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