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Introducing Talcott Forge (and Nexus, our ROBS product)
Hi all! First-time poster, long-time lurker :). I wanted to introduce myself and Talcott Forge to the community so that everyone knows what we do and how we could help. TLDR: we're building Talcott Forge, a company helping founders optimize how they use their capital to own their business. Once they do, we're here to unlock capital and tax strategies to allow founders to compound their wealth. Our first product is a modern ROBS offering called Nexus that lets founders use retirement savings to capitalize their company without a taxable distribution (redacted. We built the product we wish existed when we used ROBS ourselves. More below. If we can help with any of the above, please get in touch! **** Who we are and why we built Nexus, Talcott Forge's first product: I'm an investor by training, having backed founders from pre-idea to $20B+ market cap. Recently, my close friend Jon Roberts (ex tech M&A advisor with 50+ deals under his belt) and I pulled the trigger on a plan 15+ years in the making: team up and build an enduring business on our own terms. We conducted our own search for a while, but ultimately felt pulled towards building a firm helping others self-fund their search or startup. Building modern fintech products to pair with our hands-on help felt like the most interesting and high impact company we could launch. With that, Jon and I started Talcott Forge. Unfortunately, I had a capital problem. After plowing a big chunk of my net worth into the VC firm I co-founded, I didn’t have much idle liquidity to capitalize Talcott Forge. And with a family of four, further shortening our cash runway was a tough proposition. So I reviewed my balance sheet and dug up the work I had done on ROBS. There are some posts here about ROBS; for those unfamiliar, ROBS lets qualified founders use retirement savings to capitalize a C-Corp without a taxable distribution. I looked at it before, but it was a dead end then because I was funding a LLC. This time, ROBS was a fit. Unfortunately, the product experience was not. Working with a legacy provider was excruciating from the start. Sales-heavy onboarding with phone-and-email workflows. Zipped PDFs. Uncoordinated handoffs. And after setup, we were largely on our own to navigate how to compliantly manage a 401(k) plan. It became obvious to us that there was a wide gap between the type of product founders deserve and our ROBS experience. And for months, we've been obsessively building that exact product. Hot off the press, Jon and I are excited to launch Nexus 401(k) by Talcott Forge. It’s the ROBS product we wish existed when we went through the process. Nexus exists because in many cases ROBS can be a powerful funding source, but only if the product matches the stakes. You should have software and proactive support that make this structure easier to operate. If you have questions about ROBS (or comparing it against other options), or you'd like early access to Nexus, please reach out.