Larry Braitman

early-stage investor in digital media and consumer tech

[Larry Braitman @lgb1]

@tanvi_ratna @elonmusk @DOGE DOGE’s self- reported savings have proven to be inaccurate and overstated.

[Andrew Rea @andrew__rea]

Excited to introduce the company I've been working on for the past ~18 months https://t.co/U8PeWqoZiZ.

Taxwire solves sales tax compliance for founders, finance, and accounting teams scaling across multiples states and countries.

Our customer base spans SaaS companies like @Pulley, e-comm brands like @TilitNYC & @Italic, retro video games makers like @modretro, modern media cos like @PirateWires, and many other modern and legacy industry businesses alike.

We also partner with several accounting firms to solve sales tax for their clients and internal accounting + tax teams.

We can handle both simple and deeply complex businesses.

Our products and services help companies: 👇

- Understand tax exposure & nexus – in other words wtf you should be doing about sales tax
- Fix messes – clean up messy tax situations (e.g. we went from 0 to $10M in revenue and have collected no taxes) and/or save money on historical tax liabilities (e.g. avoid getting wrecked by penalties from governments for historical taxes)
- Register – get and maintain licenses, registrations, and permits required for collecting/remitting taxes
- Calculate tax rates – collect taxes accurately across your billing + payments + commerce stack
- File & pay tax returns – autofile recurring tax returns & payment remittance

Common scenarios where Taxwire makes sense for scaling companies: 👇

- Companies getting sales tax compliant for the 1st time – e.g. you haven’t been collecting sales tax (even though you should) or you just started to cross meaningful revenue thresholds ($1-2M in revenue).
- Switching from Insert Legacy Tax Provider – If you’re switching from another tax software / services company, not only can we make the switch easy (e.g. we do the migration heavy lifting + buyout your existing contract), but we can also find + fix previous tax errors, potentially recovering thousands of dollars in overpaid taxes.
- I have no f*cking clue what I’m supposed to be doing. Pls help. – We got you. Have helped a bunch of folks figure out a no B.S. take on what they need to be doing with sales tax (if anything).

A good example of scenarios 1 and 2 – we recently helped our friends at Italic recover over $200k in overpaid sales tax within their first month post switching from their original provider.

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Why sales tax compliance?

Well, global transactions taxes (aka indirect taxes as the tax pros call it) are a much bigger problem space than most realize.

Before the internet, sales tax was a Fortune 500 problem. Walmart has a sales presence in damn near every jurisdiction in the world.

Post-internet, we have e-commerce, marketplaces, SaaS, remote work, AI, etc. Every company by default sells across multiple states and/or countries.

Regulatory changes in the US and abroad have made collecting and remitting sales tax, VAT, and GST a problem for virtually any company with material sales in more than one tax jurisdiction, with or without a physical presence.

Our goal is to solve indirect tax compliance globally - for every jurisdiction, product, tax filing, and edge case. From initial compliance all the way to defending audits from the gov.

It's a big, complex problem space. We're just getting started and have much work to do.

If you’ve dealt with or are dealing with sales tax compliance for your business or clients, I’d love to chat and see if we can be helpful.

My personal phone number is 513-520-1578. My DMs are open. Or email me at andrew@taxwire.

Happy Monday.🫡

[Larry Braitman @lgb1]

I just backed Floura & Co. Tasty Prebiotic Superfiber Bars on @Kickstarter https://t.co/6gamteQ0Gx

[Larry Braitman @lgb1]

Congratulations to Ian, Max & Apex team!

[Apex - Satellite Platforms 🛰 @Apex_Satellites]

Two major announcements today:

1️⃣ Raised $16M in Series A financing co-led by @a16z and @ShieldCapVC

2️⃣ Revealed our customers flying on our first Aries satellite bus: tier-1 defense prime, @OrbitFab, and @ubotica

@thesheetztweetz @CNBC reports: https://t.co/ubU3dlg5q6

[Larry Braitman @lgb1]

@Bfaviero Surf the urge. https://t.co/olwOadVukP

[Larry Braitman @lgb1]

In a rapidly evolving regulatory landscape, TRM’s capabilities are ever more critical to helping organizations scale and adapt risk management needs. We’re excited to partner with Esteban and his team to support their goal of creating a safer, more... https://t.co/Irw6lZVxZv

[Larry Braitman @lgb1]

Web3 Devs, listen up. We’re building a website to help you find the best blockchain for your project. Please take a few minutes to complete this survey and add your 2 cents - we want to hear from you! Thanks! https://t.co/MGpuyYNHkM

[Larry Braitman @lgb1]

Congratulations to Esteban, Rahul, and the TRM team! https://t.co/539ThzqmUJ

[Larry Braitman @lgb1]

Jordan and https://t.co/3MppKjzl3a working hard to turn the dream of a college education into a reality for more families.

[TradeTalks @TradeTalks]

https://t.co/idR43zuO3T Founder & CEO @jordanglee joins @JillMalandrino on @Nasdaq #TradeTalks to discuss how #FinTech is enabling the next generation of 529 savers. #529Conference #529Plan https://t.co/3PQBBCBqgJ

[Larry Braitman @lgb1]

@Kimpton hey Kimpton Boston - no room service, no coffee makers, no tea pots, no tea in the entire hotel? Better prep at Motel 6!

[Larry Braitman @lgb1]

Congratulations to Logan, Ian and the ROLE team!

[Larry Braitman @lgb1]

@LoganDwight Proud of you Logan!

[Larry Braitman @lgb1]

Hey folks ~ any recommendations for a bank / FI that does a great job as custodian for an IRA making alternative investments (SAFEs, digital assets, international, etc.)? Thanks!

[Larry Braitman @lgb1]

@rfradin @CarbonHealth @erenbali @udemy That’s awesome news!!

[Larry Braitman @lgb1]

@auradeluxe Hang in there Tony!

[Larry Braitman @lgb1]

@mileslunn @SteveSchmidtSES Thank you Miles.

[Larry Braitman @lgb1]

@JohnFetterman John, I completely support decriminalization. But we can’t overlook the growing evidence linking cannabis use to schizophrenia in some patients. Let’s agree to promote responsible use, including communicating the risks accurately. Thanks.

[Larry Braitman @lgb1]

@auradeluxe Happy birthday Tony!

[Larry Braitman @lgb1]

@GovRidge Thank you Gov. Ridge. I respected you as my home-state governor, and as the first head of Homeland Security. You were a straight shooter then, and now.

[Larry Braitman @lgb1]

@dunkhippo33 Count me in Elizabeth. I have some experience / relationships in Asia and LatAm. Thanks.