Hello HN,
I would like to invest in a bootstraped startup as a friends & family investor. I am looking to make a one time total investment <=50K.
In the past, I have been involved in early stage startups and paid a high price for legal advice, and would like to avoid costs & complexity. I would like to have a easy and low cost investment for both parties. I don't want to negotiate equity, and would like to defer to terms to later rounds. Based on my understating, this means a SAFE is a good option. Optimally, I would like to invest with my Roth IRA funds.
I have ~750k assets in stock and cash
My questions are:
1) Are there simple contract services to facilitate investments?
2) Ideally, I would like to invest from a self directed roth IRA, are there any contract services that support this?
3) How difficult or necessary is it to jump through qualified investor loopholes for a friends and family investment?