#131 - SPVs: Predictable Passive Investing with Jeremy Neilson

Send us Fan MailIf you thought investing in private deals was only for people with hundred-million-dollar venture funds and a team of lawyers on speed dial — this episode will change that. In this conversation on the Path to Passive podcast, host Steven Arita sits down with Jeremy Neilson, an attorney-turned-private-asset-investing specialist who has personally closed nearly 9,000 SPVs, processed over 10,000 tax returns, and helped onboard upward of 300,000 investors since getting a cold call from a 6-person AngelList in 2013 — while pushing his kid on a backyard swing. Jeremy breaks down exactly what a special purpose vehicle (SPV) is, why private assets are actually larger than public markets, and how the complexity hiding inside these simple-sounding structures is precisely why most people underestimate them. You'll learn how Jeremy built Sally (sally.co), his fifth-generation SPV software platform, to automate everything from entity setup and KYC compliance to document signing, wire reconciliation, and K-1 tax distribution — all in one place. He also shares a wild trend reshaping private investing: the rise of the "fund of one," where a solo investor can wrap their deals inside a $500 SPV and sell their seat in an OpenAI or SpaceX cap table without ever needing anyone's permission. Whether you're a W-2 tech professional exploring syndications for the first time or an operator trying to stop drowning in manual workflows, this episode gives you a clear picture of what happens behind the curtain — and why understanding it makes you a smarter, more confident investor.Connect with Jeremy:🔗 LinkedIn: https://www.linkedin.com/in/jeremyneilson/🌐 Company Website: https://sally.co/ 🎥 YouTube: https://www.youtube.com/@AllThingsSPVsEpisode Highlights:[0:50] – Intro: Welcome to Path to Passive — building wealth through private asset investing for tech professionals.[2:22] – Meet Jeremy Neilson, attorney-turned-SPV specialist with nearly 9,000 deals closed and a platform built from scratch.[3:41] – SPV 101: Jeremy breaks down exactly what a Special Purpose Vehicle is and why it's simpler than it sounds.[5:42] – Private assets are actually larger than public markets — most investors don't know this.[12:13] – The AngelList cold call: Jeremy was pushing his kid on a swing when a 6-person AngelList changed the trajectory of private investing.[27:33] – How Sally automates everything — entity setup, KYC, document signing, wire reconciliation, and K-1s — with one click.[28:33] – 506C explained: how to legally advertise your deal to the entire world and what accredited investor verification looks like.[37:27] – The "fund of one" concept: how solo investors can wrap deals in a $500 SPV and sell their seat in OpenAI or SpaceX without anyone's permission.[44:22] – Jeremy's closer: "I'm the smartest, I have the best software, and I'm the best price. Trifecta."[47:27] – Outro: Where to find Jeremy at sally.co and the All Things SPVs YouTube channel.[47:27] – Outro: Thanks for listening — see you next week on Path to Pass—Share this with your tech friends who you think would benefit from learning about passive income and alternative real estate investments. For more resources and guides, check these out:Crack the Code https://www.aritacapital.com/crack-the-code/Investor 101 https://www.aritacapital.com/investor-101-resource/Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/If you want to learn more, reach out at:Email: [email protected]:  https://www.linkedin.com/in/aritasteven/IG:  https://www.instagram.com/the.real.arita