FYI: IN AUGUST 2004, venture capitalist Peter Thiel sat down to listen to a pitch from a 20-year-old entrepreneur named Mark Zuckerberg. It didn’t take long for Thiel to make up his mind. According to most accounts, they met in the morning and, after a short break for lunch, Thiel committed to buying 10% of Zuckerberg’s new company, Facebook.
In hindsight, this was clearly a smart move, making Thiel a billionaire. But while it was certainly a great investment, it was also an unusual opportunity. Unicorns don’t cross your path every day.
What I’m more interested in is the way Thiel made his investment, because that’s something that most people can indeed replicate. According to numerous reports, Thiel didn’t just write a check to Zuckerberg. Instead, he at least partially funded his investment using his Roth IRA—which means that portion of his gain will be tax-free.
Regards,
Ted
http://www.humbledollar.com/2018/03/free-for-all/
