Crowdfunder Wants to Bring Alternative Investing to the Masses

Nov. 8, 2018, 2:30 PM

Milind Mehere keeps plenty of copies of Hillbilly Elegy, J.D. Vance’s best-selling memoir about poverty in the Rust Belt, on hand for visitors to his Midtown Manhattan office. Mehere talks about how ordinary people are shut out of opportunities to build wealth. “If we don’t change fundamentally how we save, invest, and actually make money as a society, there will be anarchy in 20 or 30 years,” he says.

The implicit pitch? That YieldStreet Inc., his online investment company, can help democratize high finance. It’s selling alternative investments normally reserved for billionaires and hedge funds. For now, his crowdfunding startup ...

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