QSBS tax exemptions drive supernormal IRRs unique to early-stage tech
Fritz Lanman · 20VC: ClassPass CEO Fritz Lanman on Betting His Career Facebook Would Be A $10Bn Company, Lessons From Travis and Uber on Scaling A Global Marketplace & Whether Growth and Capital Efficiency Are Mutually Exclusive · Jul 20, 2018 · at 6:56
Fritz Lanman, CEO of ClassPass and angel investor, argues that federal QSBS tax exemptions in the US provide a structural advantage for investing in technology startups.
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“Beating taxes can lead to supernormal ROI or IRRs, and so that just feels like an advantage that I can get that makes it hard for me to win in other asset classes.”
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