In this bonus episode of The Yield, Peter Kerr, CFA, Director of Product Marketing for Yieldstreet, is joined by John Wuestling and J.D. Hall from Greenspring Associates, a $13B venture capital firm, for a conversation around venture capital investing, current market opportunities and why companies are staying private for longer.

Please note: On September 20, 2021, StepStone Group Inc. (Nasdaq: STEP), completed its previously announced acquisition of Greenspring Associates.

Key Takeaways:

[1:19] Greenspring Associates — an overview and an announcement. 

[3:30] The traditional life cycle of a venture capital investment company, from idea to IPO.

[6:27] How has venture capital investing changed in the last two decades?

[9:08] Why might a founder want to stay private longer?

[10:55] Unpacking the $60 billion secondary investment market.

[14:40] Opportunities that are available within previously launched funds.

[16:26] The pros and cons of the SPAC market.

[19:46] Greenspring’s competitive advantage starts with the power of its platform.

[24:40] The metrics that help with understanding valuation in terms of market capitalism.

[28:04] Market niche and investment specialization is not the main goal at Greenspring.

[33:25] Shifts that are happening in the venture capital market from the investor side.

[36:06] The truth about the unicorn of VC investing.

Mentioned in This Episode:

Yieldstreet