Sal Daher - Startups in the IRA? Pros & Cons from Decades of Investing

Angel Invest Boston

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In my fourth decade of angel investing, I’m happy with my investments but regret having put them in my IRAs. Here are pros and cons of having illiquid, operationally complex and hard-to-value assets in IRAs.

Sponsored by Purdue University entrepreneurship and Peter Fasse, patent attorney at Fish and Richardson.

Highlights:

• Investing in Startups via an IRA Can Be Burdensome, Here’s Why
• How I came to Have so Much of my Net Worth in my IRAs
• Thank You Citibank for Encouraging a Young Banker to Save
• Thank You Bob Smith for Allowing Me to Fish When the Fish Were Running
• Why The Fish Are Not Running Any More
• “Some weeks I spend half my time dealing with IRA-related paperwork. I have many better things to do with my life.”
• The Initial Investment Is a Lot of Work for Everyone Involved
• Corporate Actions Guarantee Constant Attention to the IRA Is Required
• Then There Are the Required Annual Valuations
• It Gets Worse!
• The Upside of Investing in Startups from the IRAs
• Conclusion

Topics: angel investing strategies