Pre-IPO Prospectus Review: James Altucher’s Hottest IPO in History?
Pre-IPO Prospectus is a packet with information about a mystery company that promises to revolutionize the transportation industry. The point of the packet is for ordinary people to learn how to invest in the company before it goes public, helping them to make large sums of money the same way hedge funds and Silicon Valley investors are able to do.
The Pre-IPO Prospectus is being offered by a man named James Altucher in a long-winded, one-sided conversation on a web page. Altucher is an author, entrepreneur, and venture capitalist who claims to have connections with famous billionaires like Mark Cuban and Peter Thiel, as well as Silicon Valley venture capital firms and New York-based hedge fund managers.
Altucher has had mixed success in business, co-founding more than a dozen companies, many of which did not last. However, he’s had enough success with investing to have gained credibility, making him a frequent guest on finance television shows. In fact, Altucher once claimed on television that Facebook would one day be worth $100 billion, so he can spot the next big thing before it goes mainstream.
While Altucher does not give the name of the mystery company on which the Pre-IPO Prospectus is based, he claims to have followed it for over four years, receiving inside information about it from people he knows in Silicon Valley. Altucher also says the prospectus is the only way to learn how to make money from this mystery company before it goes public.
The mystery company, according to Altucher, is undertaking a “secret” project in Pittsburgh with the help of 40 researchers from the robotics program at Carnegie Mellon University. He claims the project will help to save more than a million lives a year and cause a disruption to several industries that are worth billions of dollars.
Eventually, Altucher reveals that the company is working on self-driving cars that utilize a sensor at the top of the car that can gather information about all relevant driving conditions much faster than the human eye. According to Altucher, test cars have already logged over one million miles with self-driving trucks already making deliveries.
Altucher predicts that the mystery company will revolutionize transportation the same way Amazon did for shopping. He claims transportation will become 75% cheaper, 60% of auto insurers will go out of business, and more than a million lives will be saved every year. Most importantly, he says investing in this company before it goes public will be akin to investing in Amazon before it went public. Thus, with the Pre-IPO Prospectus, the average person can make life-changing money.
The catch to the Pre-IPO Prospectus is that there are only 945 copies available, imploring people to act quickly to grab one before they’re gone. Altucher also mentions several other materials he’s offering with the Pre-IPO Prospectus.
The first of which is a subscription to his monthly newsletter The Altucher Report, which is designed for retirees, giving them investment tips and telling them about new ways they can make money so they can live comfortably.
Altucher says he’s going away the Pre-IPO Prospectus to people who are willing to accept a risk-free trial of the Altucher Report, which is worth $99 for 12 issues.
On top of the subscription and the prospectus, Altucher is offering three free gifts:
- Cryptocurrency Package – Includes a copy of Altucher’s book, Cryptocurrencies 101: How To Make A Fortune from Digital Currencies, as well as a series of six videos called Masterclass on Cryptocurrencies. Valued at $199
- Make 1000% From the Seven Biggest Moneymaking Trends in America – information on seven stocks that are about to go mainstream. Valued at $39.
- The Choose Yourself Guide to Wealth – an electronic copy of Altucher’s book that’s currently selling for $25 on Amazon.
In addition to the three gifts, you can also have access to “Members only” email updates, as well as the Altucher Report Support team. In total, Altucher is offering everything for $49 with the possibility of canceling your subscription to the Altucher Report at any time.
If you have an interest in unique investment opportunities, the Pre-IPO Prospectus may be right for you. If everything Altucher said on the web page is true, it’s certainly an interesting investment opportunity.
However, his platform and method for sharing his offer are far from sophisticated, which is something to keep in mind when judging the validity of the opportunity.
Ultimately, this is a fairly low-risk opportunity. You will receive a wealth of materials, not only about the mystery self-driving car company but from Altucher’s other platforms as well. In that sense, there’s plenty of upside and little downside to this offer. However, it remains to be seen if and how soon self-driving cars will be able to revolutionize our daily lives and society at large.
Also, keep in mind that the Pre-IPO Prospectus is merely a tool Altucher is using to get you to subscribe to his newsletter. While he makes it seem like a once-in-a-lifetime opportunity, your expectations should be tempered just in case the prospectus falls short of what you were expecting.