The 29-year old investor who went from selling fake IDs to backing Poppi raises a $75 million fund to invest in brands with a 'cultural edge' | Fortune
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The 29-year old investor who went from selling fake IDs to backing Poppi raises a $75 million fund to invest in brands with a 'cultural edge' | Fortune
"Patrick Finnegan began his career as an entrepreneur while struggling to fit in at a Delaware boarding school. He started businesses as a way to cope (some above board, like building websites, and some less so, like selling fake IDs). He dropped out after hearing about the Thiel Fellowship, which awarded $100,000 to fellow dropouts under 22 years old. Though he didn't make it to the finalist round after traveling out to Las Vegas,"
"But he's been productive over the past decade, gaining a name through putting together special purpose vehicles and venture funds that became early backers of buzzy projects. One, the prebiotic soda Poppi, completed an acquisition with Pepsi for nearly $2 billion last year. But where Finnegan has built his reputation is as a connector: the type of amorphous yet essential investor who knows someone who knows someone who can turn a little-known product into a cultural phenomenon."
Patrick Finnegan began entrepreneurship in boarding school, building websites and selling fake IDs, then dropped out after learning about the Thiel Fellowship. He moved to New York to pursue startups and network in tech and art circles. Over a decade he organized special purpose vehicles and venture funds that backed buzzy projects; one backed Poppi, which completed an acquisition with Pepsi for nearly $2 billion. Finnegan's reputation rests on being a connector who provides high-profile introductions, such as connecting Poppi to Post Malone's manager. He partnered with Chris Hollod to form Second Sight Ventures, which closed a $75 million first fund.
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