Video Summary — Mastermind 19 Podcast with Mike Madrid 🏌️‍♂️💼

Episode Snapshot

• Host: Jav Chavez
• Guest: Mike Madrid (M19 member, serial entrepreneur/investor)
• Setting: Pebble Beach, presidential suite — Mastermind 19 golf mastermind context

Key Life & Business Timeline

• Grew up lower-middle class; father played pro/semi-pro baseball → strong legacy/community ties
• Early hustle: sold various goods, multiple jobs (real estate, construction, DOT)
• Met civil engineer friend → started a barricade rental business for highway contractors → became largest in Indiana
• Sold that company to a VC roll-up in 1999 (received multiple × EBITDA), worked there 3 years
• Launched/ran Highway Safety Services for 20 years → grew to ~$7M EBITDA
• Ran multiple medical ventures (less successful)
• Sold most recent company in May last year with an earnout component
• Currently in investment/acquisition phase; purchased another company (details under NDA), closing soon

Leadership & Team Strategy ✅

• Attracted educated/professional team despite not having a college degree himself
• Key cultural practices:
  • Transparency and strong track record
  • Profit-sharing: gave team 10% of EBITDA annually, tied to salary base
  • For sale earnout: offered staff 20% of earnout if targets met → increased accountability and cost-awareness among staff (e.g., operations manager scrutinized bolt costs)
• Emphasizes vetting people as much as deals — invests in people he trusts/likes

Mastermind 19 (M19) Experience & Networking 🎯

• Found M19 via social feed; joined for golf + entrepreneur community
• Values:
  • High-caliber peers (7-figure+ businesses)
  • Golf as relationship/deal-making catalyst (courses: Pebble Beach, Pinehurst, Bandon Dunes)
  • Culture: growth-minded, giving back, Christian-leaning
• Example of connection flow: met fellow member Jeff at Scottsdale, spent the day together → led to investment opportunity and site visit

Current Investments & Partnerships

• Active in several partnership deals (about 3–4 through other members)
• Industries: mainly real estate; also an oil lease
• Investment criteria: places a premium on the person/team running the opportunity, alignment with needs being solved, and quality track record

Advice for Entrepreneurs & Operators 📝

• Get your personal life in order first (financial, emotional, family) — business requires focus and presence
• Do something — take action; learn by doing
• Know your domain; don’t start businesses in areas you don’t understand (lesson learned from medical ventures)
• Build legacy: involve/mentor next generation (son & son-in-law to run new acquisition)

Personal Notes & Values

• Strong faith perspective: attributes success to God
• Family-focused: nine grandkids; aims to pass business knowledge and legacy
• Prefers low social-media presence; reachable by email

Contact

• Email: madrid@dormillc.net ✉️
• Parent company: Dormy LLC (name tied to golf term meaning “dormy” / undefeated)

Memorable Quotes

• “If you don't take a risk, you never get anywhere.”
• “Business is like having a baby — when it has a need, you’ve got to be there.”

If you want, I can extract timestamps for each section or create a one-page action checklist summarizing Mike’s playbook for scaling, selling, and reinvesting.