Be very careful investing in private markets.
The ongoing “democratization” of private market access has pros and cons.
For sophisticated investors, broader access can be great.
For people trying to navigate this on their own without really understanding the risks, structures, counterparties, and transfer restrictions - it can be dangerous.
Anthropic recently published a notice listing firms not authorized to buy or sell its shares, including:
- Hiive (new offerings)
- Forge Global (new offerings)
- Open Door Partners
- Unicorns Exchange
- Pachamama
- Lionheart Ventures
- Sydecar
- Upmarket
That should be a wake‑up call.
I hold companies like Anthropic, SpaceX, and AirTrunk inside my Roth IRA through partnerships with the largest and most established private equity managers in the world.
My hard‑earned capital is not where I’m looking to:
- Cut corners
- Or simply chase the cheapest “access”
I want the best partners I can trust to compound capital over the next 20–30 years and to respect things like governance, transparency, and proper legal structure.
If you’re in the $10M+ range and want exposure to high‑quality private companies without playing roulette on random platforms, that’s exactly the kind of work I do inside tax‑aware portfolios.
The link to book a brief call is in my profile.