Portfolio news: Our latest investment...

News: Today, we’re excited to tell you about our investment in Carry, founded by Ankur Nagpal, who sold his previous startup, Teachable, for ~$250M.

What they’re building: Carry is on a mission to help business owners grow their net worth with smart tax optimization. It’s an all-in-one platform for tax-advantaged accounts, investments, and strategies.

What to know about Carry:

For business owners: Carry offers access to Solo 401k, cash balance, and Mega backdoor Roth plans.

For high-income professionals: Carry can help offset taxes with alternative investment options, a backdoor Roth IRA, and estate planning trusts.

For financial advisors and tax professionals: Carry offers purpose-built dashboards and features to make client experiences smooth as butter.

Why now: Carry sits at the cross-section of multiple large and growing market opportunities and several short and long-term tailwinds, including:

• Tax preparation spending
• Soloprenueriship activity
• Accountant shortages
• Rising tax pressures
• Vertical-specific AI

Having easy access to a robust platform for smart tax optimization will be critical for business owners looking to build net worth.

Meet Carry CEO, Ankur Nagpal

His story goes like this...

Ankur is a 1st-generation immigrant to America. He moved here to go to college 15+ years ago.

In college, he started his 1st business building viral Facebook apps, scaling to millions of daily active users.

At 24, he started Teachable, a company helping creators make money selling their knowledge online. Ankur scaled the business to $500M+ in annual GMV and a $60M run rate.

At 31, he sold Teachable to Hotmart for ~$250M, after which he spent 2 years running a VC fund, thinking about what to build next.

Carry is what came next.

Want to learn more:

• Check out Carry on X
• Check out Ankur on X
• Catch Ankur's pitch on Morning Brew's 60-second startup
• View Carry's website here

Interested in investing through our fund?

If you have questions about investing with Contrarian Thinking Capital, the risks involved, or any of the resources below, please do not hesitate to reach out.

To invest in the fund, click here:

Here are resources for you to consider:

• Fund one-pager
  
  
• Additional information
  
  
• Recording of live Q&A investor call (reply to this email to inquire)

Till next time,

The Contrarian Thinking Capital team