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May - 2016 - issue > siTech20 2016 - 20 Most Promising Technology Companies 2016

YieldStreet: REVAMPING A BROKEN INVESTMENT PROCESS

SI Team
Tuesday, May 3, 2016
SI Team
Traditionally, investors have looked to equities, bonds, and cash instruments as places to invest their money, but resulting yield from these options is low. As an entrepreneur and accredited investor, Milind Mehere was frustrated by the lack of options outside of the stock market where he could generate yield, as these offerings were typically only available to hedge funds and institutional investors. So, he began to look for alternative options. In the process, Me here met Michael Weisz, a specialty finance expert, who had an established career in identifying and funding worthy borrowers. "For Michael, one of the biggest inefficiencies he saw was the cost of capital, which limited his ability to fund many deserving borrowers in the pipeline," states Mehere.

This marked the beginning of YieldStreet, an online alternative investment marketplace that connects accredited investors with solid high yield investment opportunities, and deserving borrowers with affordable capital. The company democratizes investing access by transforming the once impenetrable specialty finance industry into a transparent marketplace. Here an individual investor can invest as low as $5K alongside a Family Office contributing millions. Headquartered in New York, NY, YieldStreet provides opportunities that are backed by collateral, have low market correlation and generate strong yield. Target returns on investments range from 8-20%*.

Founding Team has a history of innovation

It is a known fact in the valley that the founding team is critical to the success of any venture. YieldStreet's founders have deep experience in investments, risk management, marketing and technology.

MilindMehere was the co-founder of Yodle, an online marketing platform for SMBs that was recently acquired by Web.com for $342MM. Michael Weisz has 10 years of specialty finance lending experience where he has originated over $250M of loans across many asset classes that you see on YieldStreet today. Rounding out the team as Chairman is Dennis Shields, a founder of Esquire Bank, who understands regulatory & compliance requirements well. He has funded or raised over $1B in capital over the last 15 years.


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