Dr. Marshall Kuremsky knew he wanted to be an orthopaedic sports medicine surgeon since he was 12 or 13, but it wasn’t until four years or so into his practice that he took a keen interest in the financial and business world. That craving for knowledge, which had propelled him to success in medical school and at work, itched to be satisfied yet again.
“I simply started to realize that I craved as much information, knowledge, and experience about business and finance as I could. I started to expand my network, socially and professionally, outside of medicine,” says Dr. Kuremsky.
On this episode of the Prosperous Doc®, our host Shane Tenny, CFP® welcomes Dr. Kuremsky to discuss his path into venture capital, which stemmed from his passion for learning. Dr. Kuremsky shares his journey and how important it is to make your money work for you.
“If you make the right decisions, or the smart decisions, you're able to move through your career from the stage where it's you having to go to work, to the stage where it's your money going to work — to generate the money that you need,” he explains.
Dr. Kuremsky also discusses the importance of investing in businesses that will make a difference. As a member of LOUD Capital, which follows the motto “Venture for People ®,” he’s involved in world-changing ventures.
“We want everybody to have access to capital, particularly underrepresented or traditionally excluded groups and it's everybody,” he says.
Name: Dr. Marshall Kuremsky
What he does: Dr. Marshall Kuremsky is an orthopaedic surgeon and venture capitalist with LOUD Capital, where he takes pride in investing in the world’s future.
Company: LOUD Capital
Words of wisdom: “My whole philosophy in the last five years has been finding ways to make sure that I was making money when I'm not working.”
Connect with Dr. Kuremsky: Website | Twitter | LinkedIn | Email
Connect with LOUD Capital: Twitter | LinkedIn
Top takeaways from this episode
[02:38] Follow your curiosity: Dr. Kuremsky achieved his dream of becoming an orthopaedic surgeon but became curious about finance and business. He realized there was more to his passion than serving his patients each day, leading him to pursue venture capital.
[09:56] Trust good people: More than anything, Dr. Kuremsky credits the people rather than the business for drawing him into venture capital. He was inspired by the good people already doing the work and the purpose and vision they pursued.
[11:27] The venture capital breakdown: Dr. Kuremsky explains what exactly venture capital is, which is early stage investment in companies, people, entrepreneurs, or startups. He breaks down the different levels of involvement and what the journey can look like for different people.
[12:24] Get your hands dirty: Dr. Kuremsky and the LOUD Capital team boast a very hands-on approach with their investments. To them, investing is far more than raising and deploying capital — it's helping to grow and shape companies by providing them with leadership, resources, and network.
[18:30] Getting started: There are different ways for people to get involved in venture capital. One of the simplest ways, which Dr. Kuremsky did, is to become an investor, or a limited partner. Investors can then choose their level of involvement, which determines next steps.
[20:07] Reach out and network: Getting started on finding the right investment for you can be challenging. It takes reaching out to people via phone, email, or even social media. It takes networking to find the right people with whom your values align. Dr. Kuremsky encourages people to contact him via mobile (919-609-6879) or email (marshall@loud.vc).
[25:58] Make money work for you: Making smart moves in venture capital can open doors. According to Dr. Kuremsky, “You're able to move through your career from the stage where it's you having to go to work, to the stage where it's your money going to work — to generate the money that you need.”
[29:59] “Venture for People ®”: LOUD Capital’s motto speaks directly to its mission. The company wants everybody to have access to capital, especially underrepresented communities. One such initiative is the Pride Fund, which supports investments in members of the LGBTQ community.
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Disclaimer: Prosperous Doc podcast by Spaugh Dameron Tenny highlights real-life stories from doctors and dentists to encourage and inspire listeners through discussions of professional successes and failures in addition to personal stories and financial wellness advice. Spaugh Dameron Tenny is a comprehensive financial planning firm serving doctors and dentists in Charlotte, NC. To find out more about Spaugh Dameron Tenny, visit our website at www.sdtplanning.com. You can also connect with our host, Shane Tenny, CFP at shane@whitecoatwell.com or on Twitter.
Compliance code: CRN202304-281669
Top quotes from the episode:
[11:33] “[Venture capital] is early stage investment in companies and people, entrepreneurs, startups. So terms that might be familiar or used are angel investors, venture capitalists, or private equity. They're all kind of on the continuum and spectrum of some investor at some stage that is interested in the success of startup companies.”
[12:24] “The nice thing about venture capital is, if done properly, you get to have a very hands-on approach, a very proactive and involved role in the support and development of the companies and people you are choosing to support. So it is far more than raising and deploying capital. For us, it's helping to grow and shape these companies and provide them with the leadership, the resources, and the network that they may not need.”
[22:29] “The creed that we live by in the business world, as a physician-founded venture capital firm, and where a third of the partners are physicians, is we have to do right by you The goal is looking for win-win scenarios, not how fast can you make some money and at what expense can you do it? We will not do that. LOUD Capital will not do that.”
[25:58] “If you make the right decisions, or the smart decisions, you're able to move through your career from the stage where it's you having to go to work, to the stage where it's your money going to work — to generate the money that you need.”
[29:32] “Our slogan is ‘Venture for People.’ … We want everybody to have access to capital, particularly underrepresented or traditionally excluded groups. That's super important to us, and I'll go on record saying: we'll take slightly less profit or financial win in the end because it is way more important that we do the right thing and that we back people who are making the world a better place and doing good business in the right way than it is about the absolute bottom line.”