E64: How Startups Can Access $13 Trillion in Retirement Capital - Eric Satz
May 7, 2024
auto_awesome
Eric Satz, CEO of Alto, discusses accessing $13 trillion in retirement capital for startups, alternative asset investing, personal venture portfolio construction strategies, and cryptocurrency in investing. They explore Peter Thiel's Facebook investment via Roth IRA, portfolio diversification in alternative assets, crypto investment strategies, Alto's future trajectory, and the role of luck in startup success.
Investing retirement savings in businesses like Thiel did with Facebook can yield significant returns.
Alto simplifies self-directed IRA investing in diverse assets like venture capital and crypto.
Deep dives
Peter Thiel's Roth IRA Investment in Facebook
Peter Thiel's $100,000 investment from his Roth IRA into Facebook turned into a billion dollars, highlighting the potential of investing savings in businesses. This success story challenges the notion of limiting investment choices for retirement funds.
Alto's Alternative Asset Investment Platform
Alto allows individuals to access retirement funds for investing in alternative assets like private equity, venture capital, real estate, and crypto. By enabling self-directed investing in IRAs, Alto simplifies the process and facilitates transactions for various investment opportunities.
Integrations and Business Development with AngelList
Alto's integration with AngelList showcases the importance of partnerships in reducing customer acquisition costs and expanding market reach. Strategic integrations with leading investment platforms like AngelList have been instrumental in Alto's growth and success.
Encouraging Alternative Asset Investments and Portfolio Diversification
Encouraging individuals to invest in alternative assets through IRAs fosters portfolio diversification and potentially higher returns. Understanding risk profiles and allocating a portion of investments, typically 10-40% for high net worth individuals, to alternatives can help manage volatility and enhance investment outcomes.
Eric Satz, CEO of Alto, sits down with David Weisburd to discuss how startups can access $13 trillion in retirement capital. In addition, they discuss why to invest in alternative assets via retirement capital, strategies for personal venture portfolio construction and how cryptocurrency fits into alternative asset investing.
(1:03) Guest introduction: Eric Satz and Alto
(2:45) Role and user experience of Alto in self-directed investing
(5:15) The problem with alternative IRA investments and Alto's solution
(7:16) Alto's platform, integrations and partnerships
(10:25) Discussion on investable assets in the US and the evolution of Alto's thesis
(13:15) The need for democratization in investing
(17:42) Discussion on Peter Thiel's Roth IRA story
(20:17) Sponsor: Deel
(21:00) Suggestions for portfolio diversification and investing in crypto
(25:37) The psychological struggle of trading and advantages of alternative asset investments
(30:06) The future of Alto
(32:07) Importance of timing, luck and people in startup success and closing remarks
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode