[PreMoney MIAMI] High Ridge Global, Patrick McKenna "Why I Moved To Miami: Investing Globally"

TL;DR

An entrepreneur and investor shares his reasons for moving to Miami, including access to a global perspective, emerging tech scene, and lowered investment barriers.

Transcript

i think most people the conference are i think miami based or florida based so after two people saying why they moved to uh florida you probably were already convinced because most of the people in the room live here so i'll try to maybe make a couple fresh comments and kind of work through maybe some of the tactics that got me here on the stage to... Read More

Key Insights

• 🇺🇸 Investment opportunities outside of Silicon Valley and the United States become more visible when living in Miami.
• ⌛ Managing investments and spending more time with opportunities in the region is easier from Miami than from Silicon Valley.
• 😫 Being exposed to different sets of problems from international travelers and the lowered required total addressable market can lead to unique solution sets.

Questions & Answers

Q: What were the speaker's main criteria for choosing a new location?

The speaker's main criteria were a world-class city with a highly connected airport, an eastern time zone, and a cosmopolitan progressive culture.

Q: How did the speaker decide to move to Miami specifically?

Miami met all of the speaker's criteria and offered a unique global perspective, making it the winner out of all the options in the eastern time zone.

Q: Has the speaker invested in any local companies in Miami?

Yes, the speaker has already invested in a local company disrupting the real estate market, finding unique opportunities due to the local expertise and sophistication of the Miami market.

Q: How has the speaker found the tech scene in Miami?

The speaker has been pleasantly surprised by the emerging tech scene in Miami and has found several interesting opportunities in a relatively short amount of time.

Summary & Key Takeaways

• The speaker has 12 years of experience as an entrepreneur and has been investing for six years, focusing on seed investments and company building.

• He moved to Miami after realizing he could live anywhere and wanted to be more involved in investing beyond Silicon Valley.

• Miami met his criteria of being a world-class city with a highly connected airport, having an eastern time zone, and having a cosmopolitan progressive culture.