Steve Young is most well known for his NFL accolades, but since his retirement from the 49ers he’s built another type of empire as Partner, Chairman and Co-founder of private equity firm, HGGC. In this episode, SoFi's Head of Investment Strategy Liz Young sits down with Steve to discuss his career transition into business, what it takes to evaluate a new investment, and what alternatives can bring to the game.Notable mentions in episode:(00:00) Intro(02:58) Transitioning from football into business(07:38) Succeeding by harnessing vulnerability (10:47) Steve’s advice for new investors? Be a forever student(14:29) Private Equity vs. Public Market Investing(17:02) Investment evaluation starts with the people in charge(21:39) Don’t just chase the success story(23:00) How do you know when an investment has failed?(25:52) The fine art of portfolio construction (29:16) Where do alternatives fit into the equation? (31:24) The Hot Minute(33:40) Liz’s Takeaways

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Recommended reading:A Guide to Alternative InvestingWhat Are Alternative Investments?Private Equity: Examples, Ways to Invest