Make Faster Decisions and Avoid FOMO with Patrick McGinnis

Patrick McGinnis coined the term "FOMO" back in 2004 while writing an op-ed for The Harvard Business School Magazine. Patrick has finally written a book about FOMO: “Fear of Missing Out: Practical Decision-Making in a World of Overwhelming Choice.”

Patrick is also a venture capitalist, podcast host, and the author of “The 10% Entrepreneur.” In this wide-ranging interview we discuss FOMO (fear of missing out), FOBO (fear of better options), investing, and leadership in life and business.

TIMESTAMPS

• 1:20 Patrick’s #1 leadership tip (“Don’t try to lead; listen.”)
• 2:15 what causes FOMO
• 3:40 how to avoid FOMO
• 5:30 life decisions that people are most hesitant to make
• 8:15 FOBO (Fear of Better Options)
• 10:30 “The 10% Entrepreneur”
• 13:30 how to get started as a “10% Entrepreneur”
• 16:10 investing in IPSY and unicorn business ideas
• 19:50 balancing “10% entrepreneurship” with full-time work
• 21:30 deciding how much to risk
• 25:30 optimizing your success rate
• 30:00 The FOMO Sapiens Podcast
• 33:30 where to follow Patrick online