What The Wealthy Do

Most founder stories skip the hard parts. This one doesn’t.In this episode, Stephanie Dorsey shares a conversation from Worth the Dream with host Jennifer Garcia. She talks about leaving corporate America, being laid off from a chief product officer role, the moment she decided to start Margins Capital, and what the messy middle of building something really feels like.You’ll hear why she turned down a half-million-dollar Google recruiting offer, how a moment of stillness led to the idea behind Margins Capital, why she believes ignorance kept her moving forward, and what she learned about running a company alone before hiring her first VA.If you’re figuring out your next move, this episode is a reminder that the messy middle is normal and you are not the only one still figuring it out.Join the Sovereign Collective: joinsovereign.coConnect with Stephanie: https://www.instagram.com/stephanieadorsey/Follow Margins Capital:IG: https://www.instagram.com/marginscapital/TikTok: https://www.tiktok.com/@marginscapitalWebsite: https://marginscapital.com/For the full list of What the Wealthy Do episodes Here.

Private equity funds are everywhere, but finding a manager whose track record and values you trust is much harder.In this episode, Stephanie Dorsey continues the Margins Capital Fund 1 series by walking through the fourth investment: IMB Partners, a private equity fund focused on infrastructure and government contracting companies. You’ll see how the due diligence framework applies to a fund, from the strategy and track record to the team, benchmarks, and secret sauce.You’ll learn how the framework changes when you evaluate a fund instead of a single company, why a manager’s track record matters, and why a shift in government policy forced IMB Partners to pivot its strategy.Stephanie also explains why smaller mid-market deals can offer growth that giant funds cannot, and how drafting off the due diligence of larger institutional investors can strengthen your own process.This is financial education, not financial advice. Every investor has to decide whether a fund’s strategy, team, and risk profile fit their own goals.If you missed the earlier episodes of the series, start from the beginning to see how the framework was built.Join the Sovereign Collective: joinsovereign.coConnect with Stephanie: https://www.instagram.com/stephanieadorsey/Follow Margins Capital:IG: https://www.instagram.com/marginscapital/TikTok: https://www.tiktok.com/@marginscapitalWebsite: https://marginscapital.com/For the full list of What the Wealthy Do episodes Here

Most people only hear about SpaceX after it’s already a headline. Private investors had a chance to get in much earlier.In this episode, Stephanie Dorsey continues the Margins Capital Fund 1 series by walking through the third investment: SpaceX, the company behind rockets, satellites, and the Starlink internet service. You’ll see how the due diligence framework works in practice, from the strategy and unit economics to the team, competition, and secret sauce.You’ll learn the two-bucket framework (“Does this make sense?” and “Can this team win?”), why Starlink’s profitability and growing user base mattered, and how Margins Capital got access through a special purpose vehicle.Stephanie also shares how she thinks about investing in companies whose actions may conflict with personal values.This is financial education, not financial advice. Every investor has to decide what risks they are comfortable taking.If you missed the earlier episodes of the series, start from the beginning to see how the framework was built.Take the Risk Profile Quiz: https://forms.gle/fSoeJhx992rpnNR47Join the Sovereign Collective: joinsovereign.coConnect with Stephanie: https://www.instagram.com/stephanieadorsey/Follow Margins Capital:IG: https://www.instagram.com/marginscapital/TikTok: https://www.tiktok.com/@marginscapitalWebsite: https://marginscapital.com/For the full list of What the Wealthy Do episodes HERE

Private markets are where more and more wealth is being created, and most people never get a seat at the table.In this episode, Stephanie Dorsey continues the Margins Capital Fund 1 series by walking through the second investment: Form Energy, a renewable energy company building long-duration battery storage that can discharge energy for 100 hours. You’ll see exactly how the due diligence framework works in practice, from the strategy and unit economics to the team and competitive advantage.You’ll learn the two-bucket due diligence framework (“Does this deal make sense at this price?” and “Can this team win?”), why climate change, grid strain, and data center demand made the strategy a fit, and how a team of former Tesla executives and a strong funding syndicate shaped the decision.You’ll also hear where Form Energy stands today, including its Google deal and newer funding round.This is not financial advice. It is financial education, using a real investment to show you how private market deals are evaluated.If you missed the first episode of the series, start there to see how the framework was built.Join the Sovereign Collective: joinsovereign.coConnect with Stephanie: https://www.instagram.com/stephanieadorsey/Follow Margins Capital:IG: https://www.instagram.com/marginscapital/TikTok: https://www.tiktok.com/@marginscapitalWebsite: https://marginscapital.com/For the full list of What the Wealthy Do episodes here.

Our first investment in Margins Capital Fund 1 went to zero.This is the investment story nobody talks about. The losses. The lessons. The resilience needed to keep going.In this episode, Stephanie Dorsey walks through Margins Capital's first real investment: Fizz (later rebranded to Mine), a fintech startup solving credit building for Gen Z. You'll see exactly how the due diligence framework works in practice, what looked promising, and why it ultimately failed.You'll learn:The two-bucket due diligence framework: "Does this deal make sense?" and "Can this team win?"How to evaluate strategy, macroeconomic factors, and unit economicsWhy Kleiner Perkins backing gave confidence (even when it wasn't enough)What went wrong: macroeconomic shifts and unsustainable growth modelsHow to make peace with losses using Pareto's Principle (80% fail, 20% fund everything)This is not a feel-good success story. This is what real private investing looks like. The wins come from discipline, due diligence, resilience, and understanding that losses are part of the game.If you're afraid to invest because you might lose money, this episode is for you.Join the Sovereign Collective: joinsovereign.coConnect with Stephanie: https://www.instagram.com/stephanieadorsey/Follow Margins Capital:IG: https://www.instagram.com/marginscapital/TikTok: https://www.tiktok.com/@marginscapitalWebsite: https://marginscapital.com/For the full list of What the Wealthy Do episodes here