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Pat CostelloPat Costello is the Co-founder and Principal of Evolve MGA, a company specializing in cyber insurance that does the underwriting for one of the most comprehensive cyber insurance policies a business can buy.

Pat co-founded Evolve MGA with his brother Mike because they knew they could provide retail insurance brokers with far more value than anyone else in the marketplace. He is a veteran of the insurance industry and is the fourth generation of his family to be a leader in the insurance field. Pat also hosts The Evolved Broker Podcast.

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Here’s a glimpse of what you’ll learn:

  • Pat Costello shares his entrepreneurial journey and how it led to co-founding Evolve MGA
  • How real-world feedback is key to the path to success 
  • The growing importance of having cyber insurance to protect your business from being compromised
  • What cyber insurance is and what it covers
  • The increased potential of being hacked as more enterprises become internet-connected
  • Why small to midsize businesses are targeted more often than larger businesses 
  • Pat reflects on the early days of getting Evolve MGA off the ground and the dedication it took to secure business

In this episode…

How do you respond to real-world feedback regarding your entrepreneurial ideas? Sometimes you can see what’s needed, but you must have the tools, background, and determination to get your ideas off the ground. What can you bring to the table besides pure hard work to grow your ideas into a viable business?

As the world becomes ever more connected to the internet, the risk of being hacked increases. Pat Costello co-founded Evolve MGA with his brother Mike in 2015 to help protect people and businesses from cyber threats. Pat stresses the importance of cyber insurance to all businesses, especially small and midsize businesses since they are involved in 43% of all data breaches.

In this episode, John Corcoran welcomes Pat Costello to the show. As Co-founder and Principal of Evolve MGA, Pat shares the story of his early entrepreneurial journey and how it taught him the value of real-world feedback. He also shares the story of founding Evolve MGA and the dedication and thriftiness required to build it to where it is today. Pat discusses the value and protection cyber insurance can add to your business and the growing importance of having cyber coverage.

Resources mentioned in this episode

Sponsor for this episode…

EO San Francisco

This episode is brought to you by EO San Francisco.

The Entrepreneurs’ Organization (EO) is a global, peer-to-peer network of more than 14,000+ influential business owners with 198 chapters in 61 countries.

If you are the founder, co-founder, owner, or controlling shareholder of a company generating over $1 million a year in revenues, and want to connect with other like-minded successful entrepreneurs, EO is for you.

The EO San Francisco chapter enables leading entrepreneurs in the Bay area to learn, grow, and achieve greater success.

The EOSF chapter was founded in 1991, and today we have over 100 members in industries ranging from marketing to agriculture to tech and professional services.

To learn how it works, or to come do a test drive come join us at

This episode is also brought to you by my company, Pacific Crest Group.

Pacific Crest Group provides outsourced CFO, Controller, and bookkeeping services. You can learn more about us at

Rise 25

At Rise25, we’re committed to helping you connect with your Dream 100 referral partners, clients, and strategic partners through our done-for-you podcast solution.

We’re a professional podcast production agency that makes creating a podcast effortless. Since 2009, our proven system has helped thousands of B2B businesses build strong relationships with referral partners, clients, and audiences without doing the hard work.

What do you need to start a podcast?

When you use our proven system, all you need is an idea and a voice. We handle the strategy, production, and distribution – you just need to show up and talk.

The Rise25 podcasting solution is designed to help you build a profitable podcast. This requires a specific strategy, and we’ve got that down pat. We focus on making sure you have a direct path to ROI, which is the most important component. Plus, our podcast production company takes any heavy lifting of production and distribution off your plate.

We make distribution easy.

We’ll distribute each episode across more than 11 unique channels, including iTunes, Spotify, and Google Podcasts. We’ll also create copy for each episode and promote your show across social media.

Co-founders Dr. Jeremy Weisz and John Corcoran credit podcasting as being the best thing they have ever done for their businesses. Podcasting connected them with the founders/CEOs of P90xAtariEinstein BagelsMattelRx BarsYPO, EO, Lending Tree, Freshdesk, and many more.

The relationships you form through podcasting run deep. Jeremy and John became business partners through podcasting. They have even gone on family vacations and attended weddings of guests who have been on the podcast.

Podcast production has a lot of moving parts and is a big commitment on our end; we only want to work with people who are committed to their business and to cultivating amazing relationships.

Are you considering launching a podcast to acquire partnerships, clients, and referrals? Would you like to work with a podcast agency that wants you to win?

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Rise25 Co-founders, Dr. Jeremy Weisz and John Corcoran, have been podcasting and advising about podcasting since 2008.