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Infrastructure isn’t flashy. It doesn’t go viral. But it’s the backbone of economies—and often where asymmetric returns quietly gather.
In this First Time Founders episode, Ed Elson sits down with Stonepeak co-founder and CEO Mike Dorrell—an infrastructure investor who quietly built a multi-billion dollar business. Dorrell discusses the characteristics that he admires in infrastructure assets and how the variation in outcomes is far narrower, which is a risk mitigator.
Dorrell goes through his career path. He started out being thrown in the deep end of the US capital markets as a young Macquarie Bank employee. This led him to getting a seat at the table at the entry level of an industry that has subsequently boomed. He took a risk and founded Stonepeak, but was then hit hard by the Global Financial Crisis. Fast forward to today, and he is an Aussie who has built a major player on Wall Street and is estimated to be one of the wealthiest Australian citizens
If your definition of founder isn’t limited to software wizards or consumer disruptors, this episode is for you. It’s real talk from a founder who didn’t start in the spotlight, faced his fair share of challenges and remains under the radar. If you're scanning for unconventional founder narratives and durable business models built on grit and financial discipline, hit play.
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