This Week in Startups News! Peter Thiel’s $5B Roth IRA, Black creators strike on TikTok, BuzzFeed SPAC, Microsoft goes anti-Apple PLUS Ask Jason | E1237
Jun 25, 2021
Dive into the financial buzz surrounding Peter Thiel’s staggering Roth IRA, which raises eyebrows about wealth division. Discover the plight of Black creators on TikTok as they rally for recognition and fair pay. BuzzFeed's SPAC journey reveals insights into media valuations, while Microsoft takes a bold stance against Apple, challenging app store norms by lowering fees for developers. The dynamic landscape of tech investment is also explored, highlighting innovation strategies and potential unicorn traits in startups.
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Thiel's Roth IRA
- Peter Thiel's Roth IRA grew from $2,000 to $5 billion by investing in startups.
- This was achieved legally by leveraging the rules for private company investments within Roth IRAs.
Investment Inequality
- The core issue with the Roth IRA controversy is unequal access to private investments.
- Everyone can gamble or buy stocks, so why not startups?
Roth IRA Cap
- Consider capping tax-free Roth IRA growth to prevent excessive tax-free gains.
- This addresses concerns about fairness without penalizing those who followed existing rules.