LVIC Member Deal: WMODE Private Placement

Invested: $250,000 thousand

Year 2014.

LVIC Members invested in a private tech company with several existing streams of income and was profitable.

WMODE Management expected the company to undertake a public offering within a few years but (to the pleasant surprise of club member/investors) the company was privately purchased by Peter Thiel (Founder of Pay Pal) for a 92% gain just ten months after club members invested.

This project is now outside the parameters and mandates set by the Las Vegas Investment Club in Jan 2015 – (since that decision we only invest in projects in which we play an active role).

However, this passive investment is worth mentioning and certainly was an unqualified success.