Michel Del Buono

speaker

515 appearances 1 recordings 1 series first heard May 2026 last heard 22 May

Michel Del Buono’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.

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Sourcery · Inside Marc Andreessen & Ben Horowitz's Multi-Family Office (Part II) · 22 May 2026 podcast

With all the things happening between SpaceX IPO, a lot of secondary transactions, tender offers and things like that, people are really focused on what to do with how you structure yourself from a trust and estate perspective.

So if you're a founder of a company, your basis, the price which your IRS uses to assess your stock is zero.

That means 100% of your gain is subject to at least long-term capital gain tax, which, depending on the state you're in, can be upwards of 35%.

There's really only three places your money can go.

It's your family, it's charity,

and it's the IRS.

I don't know anyone who prefers the IRS.

QSBS is an incredible benefit for small businesses.

And so for founders who start early in the life of the company, they get up to 15 million proceeds from their stock sale would be not taxed.

So it's a huge benefit.

A lot of these strategies of having multiple trusts are to try to multiply these QSBS benefits across the different trusts.

The biggest one is...

So soon.

Sure, with all the things happening between SpaceX IPO, a lot of secondary transactions, tender offers and things like that, people are really focused on what to do.

And a lot of that, of course, has to do with how you structure yourself from a trust and estate perspective.

But it also has to do, or you can optimize your situation also

With different investment strategies that can be complementary to that, and then finally philanthropy.

So there's kind of three elements to preparing yourself for a liquidity event, right?

Structuring your trust and estate, thinking about how to sort of make key investments that help offset taxes to some degree, and then donating into a donor advised fund or some other charity.

Those three are kind of the nexus of how to optimize yourself prior to a liquidity event.

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