Alumni Ventures does not provide legal or tax advice, and does not guarantee the availability of any tax benefit. Certain requirements must be satisfied for an investment to qualify for QSBS tax benefits, which are not comprehensively described here. You are encouraged to consult with your tax professional regarding eligibility for QSBS benefits. QSBS: A Potential Significant Tax Advantage Some investments with AV may potentially be 100% tax-exempt from federal and some state capital gains (up to $10M) through QSBS. Investments that may be eligible for QSBS will be noted on K-1. Investing earlier = more potential companies qualify: You only get the benefit if your personal investment in the fund is fully signed and funded prior to the fund investing in a given company. Expectation setting: We can’t predict the volume and size of future exit and liquidity events. We expect there wlll be many qualifying events throughout our portfolios with a positive impact for investors.