He is the co-founder of the private equity firm Pharos Capital Group, LLC, which focuses on providing later stage funding, generally for growth, acquisitions, and recapitalizations, to undercapitalized healthcare and business services oriented companies located in underserved regions across the nation.
Before he graduated (at the risk of expulsion[citation needed]) Youngblood participated in a sit-in calling for Princeton's divestment from South Africa under apartheid.
In 1994, President Bill Clinton nominated Youngblood to the board of directors of the United States Enrichment Corporation (USEC).
In 1997, Youngblood, along with Michael Devlin and Robert Crants, founded Pharos Capital Group, LLC, a private equity firm.
[4] He is Director Emeritus of the U.S. Enrichment Corporation and iStar Financial, a NYSE-traded real estate investment trust (REIT).