After almost 40 years on Wall Street, I quit the firm I co-founded to start an AI receipt management software platform, called Receipt Vault. During these years, I worked with hundreds of founders and CEOs and observed that all great ideas start the exact same way - frustration leads a founder to say "there must be a better way!" My specific story is that I sold a house and got hit with a big capital gains tax bill.

After almost 40 years on Wall Street, I quit the firm I co-founded to start an AI receipt management software platform, called Receipt Vault. During these years, I worked with hundreds of founders and CEOs and observed that all great ideas start the exact same way - frustration leads a founder to say "there must be a better way!" My specific story is that I sold a house and got hit with a big capital gains tax bill. The state said if I could prove I didn't make any money on the house, no tax would be due. I had kept all my receipts, but they were in paper plies in my basement. While my wife and I were copying receipts, which took 8 weekends, I thought "why aren't all receipts stored in the cloud and I could just download them to a zip file and send that to the state?" Receipt Vault was born that day. It seemed so obvious! This country is facing $30 trillion in capital gains taxes on their houses and Receipt Vault can help homeowners significantly reduce this burden. Would love to talk about our solution.