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Real ReturnsAuthor: Andrew Reichert
Welcome to the Real Returns podcast, where we learn how real investments can make a real impact. Join your hosts, Andrew and Dan, as they share stories and interview business leaders on how real estate and other forms of investment can create meaningful change for individuals and communities around the world. Don't forget to visit: https://www.birgo.com Language: en Genres: Business, Entrepreneurship, Investing Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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S8 E3 - Patrick Colletti | The "Refounder" Mindset
Episode 3
Wednesday, 1 April, 2026
In this episode of Real Returns, host Andrew Reichert is joined by Patrick Colletti, who shares the mindset required to revitalize organizations at any stage. From scaling Net Health to serve over 34,000 healthcare facilities to his current role as an executive advisor and adjunct professor at Carnegie Mellon, Patrick discusses the discipline of "refounding" and what it means to be a "running partner" to today's leaders. After stepping into a near-bankrupt startup where the money was gone and the entire staff had been fired (leaving only Patrick and one partner) he embarked on a journey to transform a broken business into a thriving one with over 600 employees, inspiring him to teach others how to do the same. Timestamps 0:00 – The Cycle of Trust: Building risk-taking "muscles" through vulnerability. 0:44 – Guest Intro: Meet Patrick Colletti, CEO advisor and author of Refounder. 1:09 – Patrick's early career and the 90-day ultimatum at a failing startup. 1:53 – Winning vs. Not Losing: The psychology behind taking on "impossible" challenges. 3:50 – Why fixing something broken is a unique leadership discipline. 5:30 – Empowering every level of an organization to think like a founder. 7:15 – From Zero to a Billion: Patrick's journey advising founders through massive scale. 9:37 – Lessons from scaling Net Health from 2 to 600 employees. 10:10 – Why focusing on "highly engaged teammates" beats focusing solely on EBITDA. 12:06 – Building culture through authentic vulnerability and employee storytelling. 16:51 – How Birgo used "TED talks" (including a memorable one on crocheting) to build trust. 18:05 – Growth on Purpose: Developing a "white belt mentality" in leadership. 19:51 – The Next Chapter: Teaching at Carnegie Mellon and planting seeds for next-gen leaders. 20:46 – The Dinner Stories: A unique method for fast-forwarding trust between strangers and polarized groups. 26:01 – Closing "Authentic vulnerability creates trust, which then allows us to create risk-taking muscles so that we can take bigger and maybe more important risks together." — Patrick Colletti - Refounder (Book): https://refounder.com/ The Dinner Stories: https://www.thedinnerstories.com/ Analog Sunday: https://www.analogsunday.co/ LinkedIn: https://www.linkedin.com/in/patrick-colletti/ - For more insights on purposeful investing, subscribe to Real Returns on Apple Podcasts, Spotify, or YouTube. Apple Podcasts: https://podcasts.apple.com/us/podcast/real-returns/id1642761377 Spotify: https://open.spotify.com/show/5tx0jOW8J1h3xsEWLuVPzm YouTube: https://www.youtube.com/ @realreturns — Subscribe to our NEW monthly newsletter: www.birgo.com/realreturns Want to see your question answered on the show? Submit a question via our Q&A form: https://forms.gle/Fy9E6H7BTpzhGPueA
