Innovation Mindset: The Impact of Hackathons

Hackathons, while not a new concept, have increased in popularity in recent years among prominent companies worldwide. In today’s episode, Yieldstreet Marketing Manager Joseph Sancio hosts Yieldstreet Director of Engineering Alex Kharlamov and Software Engineer Talia Fayaz to examine the ways that Yieldstreet is harnessing crowdsourced innovation. They discuss the value of the innovation mindset through hackathons, the goals, parameters and results of these events, and insights into what investors can expect to see as a result of the first two Yieldstreet hackathons.

Key Takeaways:

[:50] An introduction of today’s guests and the hackathon experience at Yieldstreet.

[2:37] Previous experiences resulted in success at Yieldstreet’s first two hackathons.

[5:47] Innovation and team-building benefits of hosting a hackathon, even during a pandemic.

[8:58] The guiding parameters that made Yieldstreet’s most recent hackathon a success.

[11:19] Challenges and lessons learned from the planning and timing of the first and second hackathons.

[15:16] Key characteristics of the winning teams, including exceptional planning, communication and effective problem-solving.

[17:54] The main focus of hackathons at Yieldstreet is the customer experience.

[19:12] The resulting impact and changes that hackathons brought to an organizational level.

[23:22] A shout out to all the individuals and departments that made Yieldstreet hackathons a success.

[24:21] How does a hackathon differ from an old-fashioned, idea-producing brainstorming session?

[26:36] The benefit of required constraints and product execution in a hackathon.

[27:29] Do Yieldstreet hackathons have a usage or pain point theme that helped drive their efforts?

[28:24] Is there a current Yieldstreet product that resulted from a hackathon?

[29:40] Do hackathon efforts extend beyond software products to cybersecurity aspects?

Take all of our content on the go with you and listen on demand no matter where you are.  Subscribe on Apple PodcastsSpotifyYouTube, or wherever podcasts are available so you don’t miss an episode.

How helpful is this content?

Share this article:

Join a community of 350,000+ members

  • Gain access to unique offerings previously reserved for the ultra-wealthy

  • Customize your portfolio for income, growth, or a balance of both

  • Get started today and earn an average IRR of over 8%

What investors are saying about Yieldstreet

Apr 2022

The due diligence, risk management, and product education materials are thorough, excellent, and easy to use and understand.

Manoj J
Member since 2019
Apr 2022

Excellent and unique selections that I can't find elsewhere.

Jonathan S
Member since 2019
Apr 2022

The platform delivers in a very concise manner. Easy to get a clear understanding at a glance from the web or mobile app.

Tim S
Member since 2021
The testimonials presented on this page have been provided by actual investors in Yieldstreet funds without compensation. Yieldstreet has selected the testimonials, and certain testimonials have been edited to remove personally identifiable information and for brevity. Testimonials were not selected based on objective or random criteria, but rather were selected based on Yieldstreet's understanding of its relationship with the providers of the testimonials. The uncompensated testimonials presented here may not be representative of other investors' experiences, and there can be no guarantee that investors will experience future performance or success consistent with the testimonials presented.

The Yield

Our weekly podcast providing ideas about how to make money work for you and bring you closer to your dreams.

Since inception, over $2.5B has been invested on Yieldstreet

Join today for free to access alternative investment opportunities.