Episode #88, Everything you need to know about Qualified Small Business Stock (QSBS), the exemption that allows investors in startups or investors in VC funds that invest in startups to NOT pay capital gains tax on the greater of the first $10m of capital gains or 10x the cost basis (what you paid for the stock). A discussion of what qualifies and what does not, how this plays with the amount of funding, the value of the balance sheet at the time of the investment, holding period, how to tack or rollover, SAFEs compared to priced rounds and convertible notes to get the tax exemption, how it applies to founders and not only investors, how to document it and when it does not apply.

Roger Royse is a Silicon Valley career corporate and tax partner at law firm Haynes and Boone.

https://www.linkedin.com/in/rogerroyse/

Find this episode on YouTube: https://youtu.be/j18ziU2fWg0.

Find this and all episodes for Fireside with a VC here: https://podcasters.spotify.com/pod/show/FiresideVC

[email protected]

https://www.linkedin.com/in/romans/

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