David Fershteyn of Altera Investments: 5 Things I Wish Someone Told Me Before I Became A Founder

An Interview With Ben Ari

Authority Magazine Editorial Staff
Authority Magazine
Published in
10 min readSep 11, 2022


Focus on what you can control. Successfully running a business is already difficult. There are so many business factors that you can control and so many different ways to improve. Focus on those. The things that are truly out of your control are rarely worth your time.

As a part of our interview series called “5 Things I Wish Someone Told Me Before I Became A Founder”, I had the pleasure of interviewing David Fershteyn.

David Fershteyn is the Chief Executive Officer and Managing Member at Altera.

Fershteyn is responsible for leading the company’s corporate strategy and investment platform, building firm-wide relationships with sponsors and investors, and helping investors build out alternative investment portfolios. He is also a member of the investment committee. Prior to Altera, Fershteyn worked as a technology investment banker at Barclays in Silicon Valley. At Barclays, Fershteyn focused on the internet, semiconductor and software verticals. He performed company-specific financial analysis and worked on various private transactions.

Fershteyn also spent time at Frisch Capital Partners, a boutique investment bank specializing in raising capital for independent sponsors. At Frisch Capital, Fershteyn helped source transactions, raised capital, and built relationships with lower middle market private equity sponsors. Fershteyn holds a Bachelor of Business Administration in Finance with honors from the University of Georgia.

Thank you so much for joining us in this interview series! Can you tell us a story about what brought you to this specific career path?

Growing up, I was always fascinated by entrepreneurship — I had always been an enterprising individual and often believed that I would ultimately run my own business and innovate. During my university years, I studied Finance and ultimately started my career as an investment banker in Silicon Valley. Throughout that experience, I realized…