May 20, 2020
Patrick James McGinnis is a venture capitalist that has invested in two unicorns. He coined the term FOMO (Fear of Missing Out) and FOBO (Fear of Better Options). He is the creator and host of the hit podcast FOMO Sapiens, which is distributed by Harvard Business Review and has achieved over 2 million downloads. He is also an international bestseller with his book The 10% Entrepreneur: Live Your Startup Dream Without Quitting Your Day Job. He recently released his new book FOMO: Practical Decision-Making in a World of Overwhelming Choice.
Some questions I ask: (06:28) When do you think that FOMO gets to the extent that it's harming you, when is it actually toxic to have so much FOMO? (08:21) What can we do to fight back? What can we do so we don’t have to suffer from all this FOMO? (13:55) So what can people do to make better decisions and not keep dueling on other alternatives? (17:15) And is this problem of FOBO somehow fueling narcissism? (20:25) How can you help one of your friends that you notice has a lot of FOBO? (30:28) I also want to talk about how companies, especially startups, have used the terms FOMO and FOBO to drive people to buy and drive sales.