Vision and Innovation in Venture Capital

‘You don’t have to be a genius to succeed in business.’ But what does it take instead?  In this episode of The Yield, Peter Kerr joins with David Kronfeld for a conversation about the venture capital industry and the latest ongoings related to investing in the software, IT, and communications markets. David is an experienced venture capital investor and telecommunications industry executive with more than 40 years of experience. He founded JK&B Capital in 1996 and prior to that, was a general partner at Boston Capital Ventures (BCV), where he focused on making venture capital investments in companies within the communications and software industries.

Key Takeaways:

[1:25] David’s inspiration for writing Remarkable: Proven Insights to Accelerate Your Career

[6:55] Insights into career acceleration and advice on how to succeed. 

[10:55] ‘You don’t have to be a genius to succeed in business.’

[15:45] Increasing your productivity and visibility in any industry. 

[17:59] How important are your network and interpersonal communication skills? 

[24:05] The tools that can help you succeed in a digital workplace. 

[26:27] Innovation in venture capitalism.

[30:26] Understanding your own strengths and weaknesses. 

[32:46] David’s next book will address venture capitalism, entrepreneurs, and upper management.

This episode is filled with potentially life-changing career advice from the well-known grandfather of venture capitalism’ David Kronfeld.  He starts out by highlighting the reasons that simply not failing is not enough to succeed.  It’s not just enough to get in the game and have the opportunity, you have to figure out how to win the game. According to David, ‘you don’t have to be a genius to succeed in business.’  There is absolutely value and potential payoff that comes with earning an MBA, but that is separate from the ability to do well and the probability of doing well.  

And while the education learned from an MBA program can be replicated elsewhere, David argues that the skills that are learned in an academic environment and the doors that are opened through the connections that are made while in business school can be much harder to find in other avenues. 

But it doesn’t take an MBA to be successful.  The insights from David’s book can apply across any industry.  The three main keys that his book focuses on are, first, the ability to become more visible in your field, second, how to improve your ability to evaluate situations and offer recommendations, and third, to generate more insightful and advanced analyses. Combined, these three keys can hold the power to generate the right analysis and the right recommendation, regardless of the problem, challenge, or opportunity. 

David was an immigrant to the United States who did not speak English and initially felt that he didn’t have an advantage because of his networking or interpersonal communication skills.  So how did he advance to become the experienced and connected businessman that he is today? His advantage came as he focused on influencing not only individuals but outcomes.  There are three dimensions of influence — influencing individuals, influencing outcomes, and having the competency to be able to influence them in the right direction. Of course, none of these mean stabbing someone in the back or doing anything that might come back to bite you in the future, but with a little more awareness and insight, there are ways to gain the benefits that come with influencing the outcome that you want to see. 
After reflecting on why he dove into the venture capital world, David offers some insights that all listeners- and all investors- may wish to hear regarding the right way to view their own strengths and weaknesses.  According to David, there is no such thing as strengths and weaknesses in absolute terms.  Rather, our strengths and weaknesses have the ability to play out in certain scenarios differently.  Taking a self-assessment, changing your habits, or refocusing your efforts can only be beneficial when you know which scenario your strengths and weaknesses will be measured in.  And this is just one of the insights that is available in David’s book Remarkable: Proven Insights to Accelerate Your Career. To learn more about the insights from this venture capital, tune in to this episode of The Yield today.

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:

Sign up for Yieldstreet in 3 easy steps

Sign up with your email address

Securely verify your identity and link a bank account

Verify your accreditation (if applicable) to access all of Yieldstreet’s offerings.

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 $2.0B has been invested on Yieldstreet

Join today for free to access alternative investment opportunities.

1 Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in significant losses.

3 "Annual interest" or "Annualized Return" represents an annual target rate of interest or annualized target return and "term" represents the estimated term of the investment. Such target interest or target returns and estimated term are projections of the interest or returns and or term and may ultimately not be achieved. Actual interest or returns and term may be materially different from such projections. This targeted interest or returns and estimated term are based on the underlying investments held by the applicable.

4 Reflects the annualized distribution rate that is calculated by taking the most recent quarterly distribution approved by the Fund's Board of Directors and dividing it by prior quarter-end NAV and annualizing it. The Fund’s distribution may exceed its earnings. Therefore, a portion of the Fund’s distribution may be a return of the money you originally invested and represent a return of capital to you for tax purposes.

5 The Fund will cease investing and seek to liquidate the Fund's remaining portfolio no later than 48 months after the Fund's initial closing. It may take up to twelve months thereafter to fully monetize any remaining illiquid investments in the Fund's portfolio.

6 Represents the sum of the interest accrued in the statement period plus the interest paid in the statement period.

7 The internal rate of return ("IRR") represents an average net realized IRR with respect to all matured investments weighted by the investment size of each individual investment, made by private investment vehicles managed by YieldStreet Management, LLC from July 1, 2015 through and including Nov 15th, 2021, after deduction of management fees and all other expenses charged to investments.

8 Investors should carefully consider the investment objectives, risks, charges and expenses of the Yieldstreet Prism Fund before investing. The prospectus for the Yieldstreet Prism Fund contains this and other information about the Fund and can be obtained by emailing [email protected] or by referring to www.yieldstreetprismfund.com. The prospectus should be read carefully before investing in the Fund. Investments in the Fund are not bank deposits (and thus not insured by the FDIC or by any other federal governmental agency) and are not guaranteed by Yieldstreet or any other party.

300 Park Avenue 15th Floor, New York, NY 10022

844-943-5378

No communication by YieldStreet Inc. or any of its affiliates (collectively, “Yieldstreet™”), through this website or any other medium, should be construed or is intended to be a recommendation to purchase, sell or hold any security or otherwise to be investment, tax, financial, accounting, legal, regulatory or compliance advice. Nothing on this website is intended as an offer to extend credit, an offer to purchase or sell securities or a solicitation of any securities transaction.

Any financial projections or returns shown on the website are estimated predictions of performance only, are hypothetical, are not based on actual investment results and are not guarantees of future results. Estimated projections do not represent or guarantee the actual results of any transaction, and no representation is made that any transaction will, or is likely to, achieve results or profits similar to those shown. In addition, other financial metrics and calculations shown on the website (including amounts of principal and interest repaid) have not been independently verified or audited and may differ from the actual financial metrics and calculations for any investment, which are contained in the investors’ portfolios. Any investment information contained herein has been secured from sources that Yieldstreet believes are reliable, but we make no representations or warranties as to the accuracy of such information and accept no liability therefor.

Private placement investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by Yieldstreet or any other party, and MAY lose value. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the website. Investors must be able to afford the loss of their entire investment.

Investments in private placements are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Additionally, investors may receive illiquid and/or restricted securities that may be subject to holding period requirements and/or liquidity concerns. Investments in private placements are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest.

Alternative investments should only be part of your overall investment portfolio. Further, the alternative investment portion of your portfolio should include a balanced portfolio of different alternative investments.

Articles or information from third-party media outside of this domain may discuss Yieldstreet or relate to information contained herein, but Yieldstreet does not approve and is not responsible for such content. Hyperlinks to third-party sites, or reproduction of third-party articles, do not constitute an approval or endorsement by Yieldstreet of the linked or reproduced content.

Investing in securities (the "Securities") listed on Yieldstreet™ pose risks, including but not limited to credit risk, interest rate risk, and the risk of losing some or all of the money you invest. Before investing you should: (1) conduct your own investigation and analysis; (2) carefully consider the investment and all related charges, expenses, uncertainties and risks, including all uncertainties and risks described in offering materials; and (3) consult with your own investment, tax, financial and legal advisors. Such Securities are only suitable for accredited investors who understand and willing and able to accept the high risks associated with private investments.

Investing in private placements requires long-term commitments, the ability to afford to lose the entire investment, and low liquidity needs. This website provides preliminary and general information about the Securities and is intended for initial reference purposes only. It does not summarize or compile all the applicable information. This website does not constitute an offer to sell or buy any securities. No offer or sale of any Securities will occur without the delivery of confidential offering materials and related documents. This information contained herein is qualified by and subject to more detailed information in the applicable offering materials. Yieldstreet™ is not registered as a broker-dealer. Yieldstreet™ does not make any representation or warranty to any prospective investor regarding the legality of an investment in any Yieldstreet Securities.

Banking services are provided by Evolve Bank & Trust, Member FDIC.

Investment advisory services are provided by YieldStreet Management, LLC, an investment advisor registered with the Securities and Exchange Commission.

Our site uses a third party service to match browser cookies to your mailing address. We then use another company to send special offers through the mail on our behalf. Our company never receives or stores any of this information and our third parties do not provide or sell this information to any other company or service.

Read full disclosure
Copyright © 2021 YieldStreet, Inc.