Ep 228 - The Hustle Behind FOMO
EPISODE INTRODUCTION
For our 4th anniversary special, Patrick J. McGinnis, best-selling author, investor, entrepreneur and inventor of the word FOMO; joins us in this episode to share how he carved out a very unique career path in investments, entrepreneurship and podcasting. Patrick also shares his humble beginnings and how he got into the world of Venture Capital. He also shares how he created the word FOMO and how it changed his life in creating new opportunities for his career. He also shares valuable advice in this episode that can help entrepreneurs in their decision making process
EPISODE TOPICS
[00:05:20] What’s your hustle?
[00:05:57] Hustleshare Time Machine
[00:07:20] A knack for entrepreneurship
[00:10:30] Patrick’s core skills
[00:15:00] Early Opportunities
[00:17:45] Escaping he kafkaesque cycle
[00:20:00] The great fall
[00:24:00] Patrick’s Sabbathical
[00:25:00] Investing in startups
[00:30:16] Struggling with imposter syndrome
[00:32:00] Beginning Again
[00:33:40] getting your story straight
[00:38:25] Pope Francis and FOMO
[00:41:55] The Origins of FOMO
[00:44:50] The impact of FOMO; to Patrick and to the world
[00:47:00] Plugging FOMO into other fields
[00:49:00] Sharing a story that resonates
[00:54:00] Controlling the power of FOMO
[00:57:15] “All Marketing is FOMO”
[00:58:05] What really matters after tasting a drug called “fame”
[01:01:30] North Star
[01:03:45] Patrick’s evolution as an investor
[01:05:30] The thing about FOBO
[01:08:45] Lessons to his younger self
[01:10:10] What’s next for Patrick?
Websites:
Patrick’s Podcast, FOMO Sapiens
Links Mentioned in the Episode:
How to make faster decisions | The Way We Work, TED series
Quote from the episode:
“In terms of other people, all marketing is FOMO. Let's take a product and say how wonderful it is and then convince you that everybody else is buying it, so you should too, right? That's aspiration and herd. And so as a business owner or you know anybody else who's trying to create a product, if you can figure out how to use FOMO, and if you can use FOMO that will highlight how great something is, then you can actually harness that power to build a business.” - Patrick McGinnis
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