The only reason you don't see people with hundreds of millions investing in penny stocks is because they have market caps that are so low theyd have to buy multiple companies to make a huge dent in their networth, even if the companys pps went up quite a few times.
They invest in something very similar though. Early stage companies that are unlisted.
You need to be an accredited investor requiring a million dollar networth to do so currently.
I very rarely would ever invest in a penny stock though as many will fail. The same can be said for early stage tech investment.
That does not mean however that some don't have great products.
Retirement savings? No.
Money your willing to risk - sure.
Tesla wasnt making any revenue either, not too long ago. Mitt romney even used them as an example of bad government investment.
Then they got over the tipping point and made revenue at an incredible rate.
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