- Entrepreneur and investor Patrick McGinnis discussed how “Fear Of Better Options” can lead to being overly hesitant in taking decisions in an interview with The New York Times’ Tim Herrera.
- For big life decisions, McGinnis applies the kind of approaches he does when evaluating a potential investment as a VC.
- He writes everything he can think of down, then reads it out loud, “like writing an investment memo for a V.C. investment.”
Making big decisions can be scary, but one Wall Streeter-turned-VC has a good strategy to overcome paralysis based on his experiences as an investor.
Patrick McGinnis is an entrepreneur, investor, and the author of the book, “The 10% Entrepreneur: Living Your Startup Dream Without Quitting Your Day Job,” in which he describes strategies for balancing starting a new venture on your own while also keeping the security of a steady career.
McGinnis was recently interviewed by The New York Times’ Tim Herrera on the concept of “Fear Of Better Options,” or “FOBO,” which McGinnis coined to describe a type of mental paralysis that can happen when making a decision.