New Idea

My latest “new” idea…

My latest post-retirement scheme is to possibly start either a seed fund or an angel group.  In either case, I am thinking it would be dedicated to two purposes: 1)  a vehicle for prospective investors to be involved in startup investing as an asset class; and 2) focusing on life science and/or AgeTech technologies the investors can be involved with as part of the investment process; i.e., selection, diligence, and term sheet negotiation.

I don’t believe that “New Ideas” - expect in unique cases - actually exist.  So in spite of the title of this newsletter/blog I doubt this is truly unique.  Actually, it is premised upon a great deal of work that has gone on previously: from angel group and/or fund formation to existing IRS rules on the use of retirement funds for investing.  In fact, some of our modeling is based on services provided by existing firms that service specifically this area.

I am in the “discovery” phase of this endeavor and in the midst of talking to many, many people whose opinions I value and respect.  It has started to shape what I may or may not do in the space.  But I wanted to start getting the word out – ergo this blog or newsletter.  I have spoken to many of you – thank you.  There are many others of you I have on my to-be-scheduled list.   Please reach out directly to me if you have any input into this.  You can reach me at john.hanak@nrpworld.com or via LinkedIn at https://www.linkedin.com/in/johnhanak/

I don’t know if this is better handled as a fund or as an angel group that aggregates SPV opportunities.  I just know that the input I am receiving is invaluable in making that decision or ultimately deciding not to do anything…https://www.nrpworld.com/