Venture capitalist Daniel Shin (MSRM '13), who was recently named to the World Economic Forum’s Young Global Leaders program, reflects on the value of his MS in Risk Management degree from Stern.
With the MSRM successfully completed, I feel I am equipped with a Rolls Royce engine for the career that I love.
It’s an apt description of the Korean-born dynamo, who is currently both the head of corporate development and executive director of MCM Worldwide, a German-based luxury brand, and partner and co-founder of KingsBay Capital, a Seoul-based early-stage venture capital firm. Daniel is also the father of two young daughters and a candidate for a doctorate of business education for executives at Université Paris Dauphine. “Multi-tasking is a particular virtue of venture capitalists,” he says modestly.
Selection for the Young Global Leaders (YGL) program was “very exciting,” Daniel admits. “The under-40s who are selected as YGLs have so many similar interests though we all come from different backgrounds. Many of us are parents of young children. Many of us care about more than our financial success. My peers’ stories are often very unconventional, which can be very inspiring. Since the announcement, I have met a number of YGLs in Europe and America. They were super intelligent and down-to-earth. They even opened their houses to a total stranger like me with two hours notice. That is something I appreciate most. They are another group of people that I can associate with to nurture my career and business objectives.”
Daniel credits the MSRM program with providing him with the skills and confidence to invest $500 million in alternative assets on behalf of Korea Telecom in venture capital and private equity funds. An undergraduate double major and double minor at Indiana University’s Kelley School, he didn’t initially see the value of going to graduate-level business school. The MSRM program’s focus on risk management, however, changed his mind and was a perfect fit for his passion and career in the venture capital field.
“At the end of day, venture capital is the riskiest asset class,” he explains. “You expect one out of 10 investments to make a home run, and that’s if you are really lucky. With the MSRM successfully completed, I feel I am equipped with a Rolls Royce engine for the career that I love.”