Peter Brack is a Founding Partner of Hypothesis Ventures. Prior to Hypothesis, Peter has been a Venture Partner at Mucker Capital and an initial investor and advisor at KohFounders.
Hypothesis partners with mission driven entrepreneurs in domestic emerging markets and Opportunity Zones across the U.S. They believe there is a "tremendous opportunity to build a world-class venture firm focused on domestic emerging markets outside of the Bay Area.”
According to Fortune, an Opportunity Zone-focused fund allows investors to defer federal taxes on any recent capital gains until 2026, reduce that tax payment by up to 15%, and pay as little as zero taxes on potential profits from the fund if the investment is held for 10 years. At the same time, the influx of capital could help revitalize underserved communities across America.
The broader legislation, called the Investing In Opportunity Act, was part of Donald Trump’s tax reform package. The tax incentive is the brainchild of tech billionaire Sean Parker, who said it came out of a million-dollar bet with Peter Thiel.
Prior to Mucker Capital and KohFounders, Peter was co-founder and CEO of two companies (Redgate Media Group and One Media Group), both of which went public on the Hong Kong Stock Exchange.
Prior to co-founding Redgate Media Group and One Media Group, Peter was Senior Vice President, Time Inc., where he was responsible for the revenues and overall profitability of TIME & FORTUNE’s Asia editions.
learn more about Hypothesis Ventures: https://hypothesisvc.com/
follow Peter on Twitter: https://twitter.com/peterbrack
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