How Peter Thiel Turned His Roth IRA Into $5 Billion – And Why Accredited Investors Are Now Eyeing This Smartphone Disruptor
Photo Courtesy of Mode Mobile
Peter Thiel’s investment portfolio is the envy of investors around the world. The PayPal co-founder and former CEO was the first outside investor in Facebook, and was also able to buy stocks in SpaceX, Palantir Technologies, and OpenAI before they were available to the general public.
How was he able to do this? Thiel is what’s known as an accredited investor, a designation available to individuals who meet certain income or net worth requirements set by the Securities and Exchange Commission. By meeting certain conditions, accredited investors can purchase stocks in companies before their stock becomes public.
These early investments helped Thiel create what could possibly be the most profitable IRA in history. Starting with a mere $2,000, he grew his fortune to $5 billion, and because he invested with his Roth IRA, this eye-popping gain was all tax-free.
Now, other accredited investors can get an early stake in Mode Mobile, a company that’s disrupting the smartphone market. Mode was named Deloitte’s fastest-growing software company in North America in 2023, with 32,481% 3-year revenue growth.
Just like Airbnb lets users earn extra cash by renting out their bedrooms and Lyft allows users to make money on their rides back home from work, Mode Mobile enables users to make money from their phones. However, their total addressable market could be much larger than Airbnb’s and Lyft’s – currently estimated at over $1 trillion. (Thiel was also an early investor in Airbnb and Lyft).
Reaching Financial Stability One Tap at a Time
Most Americans can’t afford a $1,000 emergency bill. That means many are one car breakdown or ER visit away from serious financial trouble. There’s no quick fix to such a big financial challenge that over 50% of Americans face. But practical solutions that integrate into daily life have already started making an impact. Mode Mobile created one such solution years ago by allowing people to earn money doing what they already spend a third of their waking hours on – tapping, scrolling and looking at their smartphone screens.
Mode Mobile developed a smartphone called EarnPhone, which allows users to earn and save money by playing video games, listening to music and reading the news. With the phone priced at an affordable $99, the barriers to adoption are low. However, users can earn income on their existing devices as well.
This extreme competitiveness has allowed Mode Mobile to attract over 45 million registered beta users, earn $75 million in lifetime revenue, and launch partnerships with Best Buy, Walmart, Amazon, and Target.
6,955,000,000 Users to Go
Currently, seven billion smartphones worldwide provide functionality or entertainment but take all the profits. Mode Mobile’s disruption offers the same benefits but allows users to earn money at a time when the prices of goods are skyrocketing.
Mode Mobile has already raised more than $52 million from investors in two sold-out pre-IPO offerings, and this next round is available only to accredited investors.
Claim your early stake in Mode Mobile’s limited pre-IPO round today. Spots are limited — don’t miss out on what could be the next Airbnb or Lyft.
***This offer is only open to accredited investors.
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