Silicon Prairie, an intra-state investment crowdfunding portal, says it is the first platform to link blockchain based distributed ledgers under an “Initial Crowd Offering model” and now allows the ability to invest with a Self-Directed Individual Retirement Account (SD-IRA) via a partnership with AltoIRA. The partnership is said to bring the “first ever tax- advantaged investment opportunities to both accredited and non-accredited investors of Silicon Prairie offerings.”
Silicon Prairie’s Founder and CEO David Duccini explained that now anyone may tap into their traditional Roth IRA or 401K funds to make a self directed investment in private firms.
“This is a game changer for investment crowdfunding. Why bother chasing venture capitalists and angel investors when people you know could invest in your big idea,” said Duccini. “Also, being able to take a part of my retirement funds and invest in local breweries and real estate is a boon to my diversification out of the stock market.”
Duccini said that linking to AltoIRA’s solutino is a “dream finally realized” as investment crowdfunding represents the “true democratization of capital.”
“Entrepreneurs and small business owners have unprecedented access to public capital. With the 2012 passage of the JOBS Act and the subsequent +38 states that have approved versions of intra-state investment crowdfunding, over $40 billion has been raised to date with a projected total market opportunity of over $1.2 trillion according to Goldman Sachs.”
AltoIRA founder and CEO, Eric Satz, said he created Alto with a simple goal. To create a platform where people can invest in opportunities that make sense to them including alternative asserts such as real estate or investments in private companies.
The AltoIRA funding option is said to be immediately available on all Silicon Prairie Portals and on Partner Portals in Minnesota and Colorado. Silicon Prairie Online operates in MN, IA, WI, MI and nationally under Regulation Crowdfunding (REG-CF).
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