Investing in US Seed Rounds

[Entrep]

I'm looking at investing in a company via https://www.seedinvest.com/the.hustl...ial_discussion

The company is registered in Delaware, USA.

Is anyone aware of any tax pitfalls when investing in US start ups? Both from the IRD or IRS?

I understand there is the $50K, but that it doesn't apply if the shares were purchased for less than $50K (I am expecting them to increase in value to more than $50K though). http://www.nzherald.co.nz/business/n...ectid=10432824