Private Portfolio Assessment

You have 23 investments.
You don't know what they're worth.
Neither does your accountant.

K-1 season is a nightmare. Your CPA sends invoices, not answers. Half your portfolio has 2021 marks. NettWorth is the first tool built for the chaos that comes after the checks.

  • ✓Your full private portfolio consolidated — angels, SPVs, syndicates, funds — one real net worth number
  • ✓K-1 season organized: documents tracked, basis recorded, QSBS qualification flagged
  • ✓Clarity on your private portfolio: total exposure, concentration, and liquidity across every check and SPV

No AUM fee. No commission on your deals. Just the picture.

Your Private Portfolio Report
Real net worth. QSBS flagged. K-1 season sorted.
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Free · Private · Takes 4 min
23+
Investments the average NettWorth angel-track user has across SPVs, direct checks, and funds — none previously consolidated into a single net worth
NettWorth assessment data
$15M
Federal QSBS capital gains exclusion per investment (post-2022) — the highest-value tax break available to early investors, tracked from day one or not at all
IRC Section 1202 (2022 revision)
6 weeks
Average time angels spend on K-1 season — document collection, CPA back-and-forth, basis reconciliation — before getting a final tax picture
NettWorth user interviews
The problem

K-1 season is expensive.
Your accountant charges for organizing your chaos.

You don't know your real net worth
Illiquid positions with 2021 marks inflate the number. Write-offs you haven't taken deflate it. The number in your spreadsheet is a guess.
QSBS tracking requires day-one records
You can reconstruct a lot of things retroactively. QSBS qualification isn't one of them. If you didn't document the criteria at investment date, the exclusion may be lost.
Your accountant is billing, not advising
Most CPAs who handle K-1s are reconciling numbers. They are not spotting QSBS opportunities, flagging basis mismatches, or benchmarking your portfolio structure against peers.
No tool was built for this complexity
Mint, Personal Capital, Betterment, and every standard tracker assume liquid public assets. They break before your first SPV.
From the NettWorth Research Library
QSBS in 2026: The $15M Tax-Free Window
Section 1202 was expanded. The exclusion is larger. The tracking requirements haven't changed. Here's what qualifies and what you need to have documented.
Read →
The Concentrated Position Paradox
When your best investment becomes your biggest risk. The math on when to hold, when to diversify, and how to calculate the actual cost of each choice.
Read →
The Complexity Tax
Every account, every K-1, every SPV has overhead. At some point the management cost exceeds the return premium. Here's where the line is.
Read →
Questions & Answers

How do I track my angel investment portfolio for taxes?

Angel investments generate K-1 forms (for fund/SPV investments), 1099s (for some direct investments), and potential 1099-B or 1099-DIV on exits. The core tracking challenge: each investment needs its original cost basis recorded at investment date, plus any follow-on basis from capital calls. QSBS (Section 1202 Qualified Small Business Stock) qualification needs to be tracked at investment date — you can't reconstruct it later. Most angels use a combination of a personal spreadsheet, AngelList portfolio tracking, and a CPA who specializes in angel/startup equity. Common mistakes: not tracking whether QSBS criteria were met at investment date, letting basis go unrecorded after capital calls, missing K-1 forms from SPV administrators.

What is QSBS and how do I know if my angel investments qualify?

Section 1202 Qualified Small Business Stock offers up to $10 million (or 10x basis, whichever is greater) in capital gains exclusion on the sale of qualifying shares — effectively tax-free gains at the federal level. The qualifying criteria must be met at the time of investment, not at exit: the issuing company must be a domestic C-corp, with gross assets under $50 million at time of investment, in a qualifying industry (most tech/software companies qualify; financial services, law, consulting, hospitality do not). Shares must be held for over 5 years. Post-2022 legislation raised the exclusion to $15 million for certain investments. If you invested in eligible companies, tracking this from day one is the highest-ROI tax optimization available to angels.

How do I value my private investment portfolio when companies haven't had a recent round?

Private portfolio valuation between priced rounds is genuinely uncertain. The industry standard for angels tracking their own portfolio: last-round valuation for any company that has raised in the past 18-24 months; impairment write-down for companies that are zombie or non-communicating; zero for known failures. This is consistent with how most institutional LP reports value holdings. What you get from this approach: a conservative-but-defensible net worth estimate. What you don't get: a precise answer (it doesn't exist). The more important metric for tax purposes: your cost basis, which is precise regardless of current valuation. Your cost basis determines your gain at exit; current portfolio value is a planning estimate.