This presentation consists of highlights from the interview with Moe Abdou,
founder & host of 33voices®.
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. As a 10%
Entrepreneur, he has built a diverse portfolio of investments in new ventures in the United States, Latin America, Europe, and Asia. A graduate of Harvard Business School and Georgetown University, he writes for Business Insider, Huffington Post, Boston Magazine, and Forbes. He lives in New York City.
Patrick McGinnis@pjmcginnis
Founder of Dirigo Advisors
Entrepreneurship isn’t for everyone; it’s as grueling as it is rewarding; so before quitting
your day job, try being a 10% Entrepreneur first:
Insight #1
Entrepreneurship isn’t for everyone; it’s as grueling as it is rewarding; so before quitting
your day job, try being a 10% Entrepreneur first:Commit at least 10% of your time, and, if
possible, 10% of your capital into new investments and opportunities.
Insight #1
Entrepreneurship isn’t for everyone; it’s as grueling as it is rewarding; so before quitting
your day job, try being a 10% Entrepreneur first:Leverage your network to identify potential
opportunities that align with your skill set and experiences.
Insight #1
Insight #2
Here are the Five ways you can become a 10% Entrepreneur:
Insight #2
Here are the Five ways you can become a 10% Entrepreneur:
Become an Angel investor by investing in early-stage companies
Insight #2
Here are the Five ways you can become a 10% Entrepreneur:
Become an Advisor to evolving companies by aligning your expertise with their needs
Insight #2
Here are the Five ways you can become a 10% Entrepreneur:
Become a Founder and start your own business
Insight #2
Here are the Five ways you can become a 10% Entrepreneur:
Become an Aficionado and channel meaningful time & energy either as an Angel, an Advisor, or a Founder
into activities that you truly love
Insight #2
Here are the Five ways you can become a 10% Entrepreneur:Become a 110% Entrepreneur by committing 10% of your time and money to other entrepreneurial
ventures in addition to your own.
Insight #3
Before you commit to investing in your first venture, consider these questions:
Insight #3
Before you commit to investing in your first venture, consider these questions:
Do you understand the business you’re about to invest in?
Insight #3
Before you commit to investing in your first venture, consider these questions:Do you feel strongly about the relationship you have with the founder and her team?
Insight #3
Before you commit to investing in your first venture, consider these questions:
Do you feel that you can add significant value to the company?
Insight #4
Observe today’s most admired entrepreneurs and you’ll recognize that they
didn’t do it for the wealth or status; rather they became entrepreneurs because it chose them.
Insight #5
The one certainty that entrepreneurship will promise you is Failure; and despite the character & resilience that it builds,
it still SUCKS. Make each episode of failure more productive by:
Insight #5
The one certainty that entrepreneurship will promise you is Failure; and despite the character & resilience that it builds,
it still SUCKS. Make each episode of failure more productive by:
Committing time to step back and reflect
Insight #5
The one certainty that entrepreneurship will promise you is Failure; and despite the character & resilience that it builds,
it still SUCKS. Make each episode of failure more productive by:
Seek out those who do well what you do poorly; and
Insight #5
The one certainty that entrepreneurship will promise you is Failure; and despite the character & resilience that it builds,
it still SUCKS. Make each episode of failure more productive by:Be humble and ask for help
Insight #6
If you’re an entrepreneur building your advisory board, it’s wise to focus
less on the individual, and more on the time, attention, and expertise that he/she
can bring to your business.
Insight #7
If you’re an advisor aligning your role with a startup - make it a priority
to crystalize the expectations for both sides upfront. You’re likely to play a role in:
Insight #7
If you’re an advisor aligning your role with a startup - make it a priority
to crystalize the expectations for both sides upfront. You’re likely to play a role in:
Helping position the company to raise additional capital
Insight #7
If you’re an advisor aligning your role with a startup - make it a priority
to crystalize the expectations for both sides upfront. You’re likely to play a role in:
Making introductions topotential investors; and
Insight #7
If you’re an advisor aligning your role with a startup - make it a priority
to crystalize the expectations for both sides upfront. You’re likely to play a role in:
Helping them think through who they need to know to accelerate their success
Insight #8
Calling all Angels: If you’re anxious to invest and don’t live in an entrepreneurial
hub, here are a few things to consider:
Insight #8
Calling all Angels: If you’re anxious to invest and don’t live in an entrepreneurial
hub, here are a few things to consider:Locate the incubators in your community
Insight #8
Calling all Angels: If you’re anxious to invest and don’t live in an entrepreneurial
hub, here are a few things to consider:Identify the entrepreneurial clubs
in colleges and/or universities
Insight #8
Calling all Angels: If you’re anxious to invest and don’t live in an entrepreneurial
hub, here are a few things to consider:Get familiar with Angel List
Insight #9
When you’re convinced that the 10% approach to entrepreneurship is for
you, be diligent about these seven principles:
Insight #9
When you’re convinced that the 10% approach to entrepreneurship is for
you, be diligent about these seven principles:Always act with integrity; especially when it
comes to your current employer
Insight #9
When you’re convinced that the 10% approach to entrepreneurship is for
you, be diligent about these seven principles:Stick to your knitting by playing
to your strengths
Insight #9
When you’re convinced that the 10% approach to entrepreneurship is for
you, be diligent about these seven principles:Look for ways to break out of your comfort zone; regularly.
Insight #9
When you’re convinced that the 10% approach to entrepreneurship is for
you, be diligent about these seven principles:Take charge of your education by
becoming more well-rounded
Insight #9
When you’re convinced that the 10% approach to entrepreneurship is for
you, be diligent about these seven principles:Spread the wealth
Insight #9
When you’re convinced that the 10% approach to entrepreneurship is for
you, be diligent about these seven principles:Build a network of people who
bring out the best in you
Insight #9
When you’re convinced that the 10% approach to entrepreneurship is for
you, be diligent about these seven principles:Always live the golden rule
Insight #10
Above all, nothing is possible without a healthy state of mind. Drink a kale
smoothie as often as you can!!!
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Presentation by Chase Jennings
Insights by Jenna Abdou