Altuchers pre IPO prospectusanyone figured out what altucher is teasing as his pre ipo prospectus to get in on this fastest growing company ever? he says google invested $300M,, supposed to be something called the pittsburg project,, altucher says this company is eyeing a $15 trillion industry,,
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company is behind the self driving cars, they invented the censor that sits on dash, supposedly not public company yet
So what is the company?
Argo Ai
Any insights into this one, Travis?
Has anyone found out about Altucher’s pre-IPO? Today’s 3/19/18.
Could it be Velodyne Lidar?
Yes, I think that self-driving startup is called Argo AI, a startup founded by a former Google and Uber employees and it is based in Pittsburg, PA. That’s why Altucher reference it as the “Pittsburg Project” and mentioned that it is connected to Google by way of its former employee who is one of the founder of Argo AI.
You can read the article here https://www.fool.com/investing/2017/02/10/why-ford-is-spending-1-billion-on-a-tiny-self-driv.aspx
tuonvarman, the article in your link says that Argo sold a majority stake in their company to Ford Motors. So how could Argo be a pre-IPO opportunity if that company is essentially owned by Ford now?
My understanding is that Altucher’s thinks that Argo AI is planning to go public in the near future but I could be totally wrong about this. But according to Altucher’s description it matches Argo AI’s profile. As for Ford owning a substantially stake in Argo AI, it is not the intend of Ford to take Argo AI as its subsidiary but rather it is an equity holder allowing Argo AI to operate independently and hoping that Argo AI will go public in some point. This still ask the question: Why Altucher touted a company like Argo AI in this early stage? I don’t have an answer to that question but the touting description that Altucher put out matches the profile of Argo AI. Here is a quote taken from one the article in Ford’s investment in Argo AI: “…. According to Fields and Rander, the most important reason Ford didn’t acquire Argo was so the startup could attract top talent with offers of equity. …” So it says that Ford has no intention of acquiring Argo AI but only interested in technology and equity stake in Argo AI. That’s how I jumped to conclusion on this story. Hopefully, others have something more substance than what I’ve got about Altucher’s teasing.
I agree on the Argo choice, based on my own research – question is, how do you get in on it Pre-IPO? And, with what happened with the UBER self-driving accidental death a few days ago, what does that do to anything that might be imminent?
Here is an article confirming Ford’s investment in Argo.
https://www.thestreet.com/technology/ford-has-autonomous-driving-plans-14556964
It’s Uber.
https://www.geekwire.com/2018/inside-ubers-self-driving-tech-center-pittsburgh-glimpse-possible-future-transportation/
There’s only one catch. The only way to take advantage of this opportunity is if you are an “Accredited Investor” (net worth of at least $1Mil and/or have made earned income of $200k for two consecutive years. (www.sharespost.com and/or http://www.equityzen.com
https://www.investopedia.com/articles/investing/101415/ways-invest-uber-it-goes-public.asp
Uber is also not without it’s problems. (2017) https://www.bloomberg.com/view/articles/2017-06-27/shares-of-a-publicly-traded-uber-would-be-crashing
Feb 2018 – But it may be able to overcome the roadblocks and win big in the “driverless taxi”, driverles package deliver, trucking and transportation industrues. If its investors (like Google, Microsoft and Blackrock are still in the game.
https://money.usnews.com/investing/stock-market-news/articles/2018-02-20/uber-ipo
SO… Altucher’s secret is to buy the “JUICE” THAT WILL RUN UBER’s Driverless Vehicles. Altucher played a good game of pushing everyone’s greed buttons. He is correct, in his little promo-video. https://pro.chooseyourselfmedia.info/p/ALR_hottestIPO_0218/LALRU3FL/?s1=&s2=&s3=&h=true
However he’s not telling you the whole truth. As stated above the ONLY way that NON-Accredited Investors can benefit from pre-IPO shares is to BECOME an accredited investor (and directly buy them)- OR invest in the Equity Funds that are funding Uber (and indirectly gain when they cash in). However, what Altucher is suggesting is a back door. This is much the same advice that Fool.com has been preaching for the last 10 years. BUY THE COMPONENTS THAT RUN THESE NEW IPO TECHNOLOGIES. Buy stock in the semi-conductors manufacturers -that will make up the “Internet of Things”.
Cypress Semiconductor (NASDAQ: CY) (and it’s competitor Avago) ARE PUBLICLY TRADED COMPANIES that make the components that RUN this Ecosystem of technology.
In order to get his little “Pre-IPO Prospectus” you have to subscribe to his Altucher Report Newsletter. Although it’s a slick way of advertising the newsletter -I have to say that it is worth it. Before I get flamed -I’m not a sales troll. I AM one of his subscribers and I must say that his newsletter is worth the $49/per year. I also subscribe to Fool.com (which is three times as much) and Altucher’s advice is on par (quality) with Fool.com. So although I don’t agree with his sales tactic, it IS good advice. He suggests instead of taking the risk of buying the actual IPO (although if Google, Microsoft and BlackRock, Benchmark Equity are investing in the IPO I think it will be an excellent buy) , buy the technology BEHIND the these IPO’s.
Agree….it’s absolutely Uber.
Thanks
i also think it is uber time will tell