"The markets really have overreacted in some ways... Governments around the world printed 20, 25 trillion dollars. We knew this story was going to end not so well." - Yieldstreet's Milind Mehere
Takeaways
- After facing a significant portfolio loss during the 2008 financial crisis, Mehere sought non-correlated assets to diversify and stabilize his investments, leading to his interest in alternative markets.
- Yieldstreet was built to bridge the gap in investment opportunities for non-wealthy individuals. The result is a platform offering diverse alternative investment options.
- He suggests that private markets can offer stability and growth, especially in turbulent economic times.
- He emphasizes the importance of understanding the difference between investing for fun versus long-term financial strategy, especially in areas like art and collectibles.
- He advises investors to consider the impact of inflation on cash holdings and to explore alternative investments.
Bio
Milind Mehere is an award-winning entrepreneur with a track record of building large scalable businesses and creating new product categories. Milind is the Founder and CEO of Yieldstreet, a next-generation digital investment platform reimagining the way wealth is created by providing access to private markets previously reserved only for institutions and the ultra-wealthy. Yieldstreet was named Financial Times's 12th Fastest Growing Company in the U.S., and for two consecutive years, Yieldstreet was named one of the top 50 Fastest-Growing Companies by Inc.
Previously, Milind Co-founded and scaled Yodle (an ad-tech platform for SMBs) to $200M+ in revenue and 1,400 employees. Yodle was ranked four times in the Inc. 500 list and was acquired by Web.com for $342M in 2016. Milind was named an Innovation Fellow at Columbia University’s Lang Center, and is an international keynote speaker, having spoken at Forbes, Bloomberg, Cheddar, LendIt, Citi Bank, Goldman, Columbia, and Harvard among others.
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