Robinhood plans to launch a startup fund open to all retail investors

Robinhood announced On Monday, he submitted an application to the American Committee on Securities and Exchange to launch a latest Public Stock Exchange Fund, which is able to accommodate startup shares.

The idea of ​​”Robinhod Ventures Fund I” is to enable every retail investor to access Ear money on the hottest startups before they pass in public.

While the current version The application is public, Robinhood has not yet accomplished a minor print. This signifies that we do not know how many shares are planning to sell or other details, akin to the management fee, which he plans to charge. It is also not clear which startups hopes that this fund will eventually persist. Documents say that he “expects” investments in the airport and defense, AI, fintech, robotics, in addition to software for consumers and enterprises.

The great playground of Robinhood is that retail investors are excluded for the advantages of startup investors akin to VCS. This is true to some extent. “Accredited investors” – or those with a net value large enough to deal with more dangerous investments – they already have alternative ways to purchase capital in startups, for example in Venture corporations akin to enterprise corporations akin to Our Crowd.

Retail investors who are not wealthy enough to be accredited have more limited options. There are funds similar to what Robinhood proposed, including the Venture Ark Cathy Wood Fund, an investment fund that maintains shares in corporations akin to anthropic, Batabicks, Opeli, Spacex and others.

Robinhood’s last such effort was controversial. Commercial company He launched something he called private actions “tokenized” In the EU at the starting of this 12 months, suggesting these tokens gave retail investors the opportunity to earn money from private corporations, akin to OpenAI. However, OpenAi condemned the product, indicating that buyers of those tokens did not likely buy OpenAI supplies – tokenized or in a different way. They simply bought tokens set at the company’s private share prices.

This latest closed “Ventures Fund i” is a more classic approach in the kind of investment funds. As for the latest Robinhood fund, we do not know it yet. Robinhood, which is in a peaceful period, refused to comment.