How to invest in startups on AngelList with a Carry IRA

You can use a Carry IRA to invest in startups on Angel List through AngelList’s special purpose vehicles (SPV) and roll up vehicles (RUV).

*Alternative investing is only available on the Carry Pro subscription tier.

Deposit funds into the account or use existing available cash to make your investment.

Navigate to the Investments tab in your Carry IRA, click "Add Investment", and click "Invest" next to Alternatives.

In AngelList, go to the invites tab, select the investment you want to make, and click Invest. From there, you’ll see a “Who is Investing” section where “New Investment Entity” can be selected.

Pick the option to invest through an IRA if you are investing from your Carry IRA, and fill out the IRA Custodian as:
American Estate & Trust
and the IRA Address as AET's Address:
6900 Westcliff Dr, Ste 603, Las Vegas, NV 89145.

Once this is done, you will get access to 3 documents. You can find these documents in the Closing document:

1 – Subscription Agreement

Please make sure your subscription agreement contains all of the following information. This is crucial to getting investment approved by our custodian:

• Investment Amount

• AET Address: 6900 Westcliff Dr, Ste 603, Las Vegas, NV 89145

• Tax ID 20-8936642

• Required IRA Titling as the Investor: “[Account Holder Name], Legal Owner Via Non-Trust Custodial IRA with AET”

2 – Private Placement Memorandum (PPM)

3 – Signed Operating Agreement/Partnership agreement

Please make sure that:

• When filling out the documents, wherever your name goes, you put the appropriate titling:

  “<Client Name>, Legal Owner via Non-Trust Custodial IRA with AET”

• Wherever there is an address, put AET’s address:

  6900 Westcliff Dr, Ste 603, Las Vegas, NV 89145

The documents have to be signed and executed by both parties. You'll need to first reach to out Angel List to make sure the company signs and executes the Subscription agreement, and then you can counter sign it.

We will also require the wire info, which has to be the business’s.

Go to your Carry IRA (Roth or Traditional) that you wish to make the investment from, click Alternatives on the left hand side, then click Invest to add an alternatives investment.

Input your investment information, and upload the documents from AngelList along with the business’s wire information to submit your investment for review and funding.