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Robinhood's Ventures Fund: A Cool Reception on Wall Street

Published 1 month ago
Description

Robinhoods new fund, Robinhood Ventures, opens private startup investing to the public, featuring shares from Databricks, Stripe, and Ramp. Despite raising $658.4 million, shares dropped 16% on debut. Meanwhile, Destiny Tech one hundred, another fund, has seen shares climb to a 33% premium over its asset value. Robinhood aims to add big names like OpenAI, but democratizing private investing faces challenges due to limited access and high-priced rounds.

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