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Robinhood RVI Stock Performance (March to May)
Growth of RVI fund share price since listing on NYSE.
Primary Sources
Robinhood's venture fund IPO attracted 150,000+ retail investors, CEO ...
Robinhood CEO Vlad Tenev is touting the success of the fintech’s new Ventures Fund I, which allows retail investors to invest in private tech companies like Stripe, Oura, Databricks, OpenAI, and others, through a publicly traded fund listed on the NYSE. “We had something like over 150,000 retail investors participate in the IPO, so it’s quite democratized,” noted Tenev in an interview at The Wall Street Journal’s Future of Everything conference this week. The fund, which launched in March, arrives at a time when the term “unicorn,” which once referred to the rare billion-dollar startup, has become outdated. When AI model providers like OpenAI and Anthropic are raising capital at valuations of $850+ billion to $900 billion, another word besides “unicorn” is needed. “We call them frontier companies,” said Tenev, explaining how Robinhood differentiates these larger, private companies from other startups. “There are private companies that are raising capital at valuations in the high hundreds of billions. You’re going to see, perhaps, multiple private companies getting into the trillions [in valuation] before the IPO — before retail investors can participate,” he said. Robinhood’s initial fund has exposure to many tech companies that have yet to go public, including most recently OpenAI, which joins Mercor, Ramp, Airwallex, Boom, and others. Tenev believes the new fund makes sense as part of Robinhood’s broader mission to democratize access to markets for retail investors. Initially, the company did this through its zero-commission trades, which significantly increased retail participation in the public markets. Now it sees investing in large, private companies as the next step. “You can think of [the new fund] as a publicly traded venture capital firm with daily liquidity. No accreditation requirements and no carry,” Tenev said in the interview. “So just a competitive management fee, no carry — which, for those of you familiar with venture capital, typically, when you invest in a fund as an LP, you pay a management fee, but there’s also a carry of typically around 20%, which means 20% of your profits go to the fund manager.” Tenev believes that, due to the size of these companies, retail investors should be able to get in earlier than the IPO — especially given how many companies are choosing to wait to go public. “The aspiration is, if you’re a company raising a seed round and a Series A round — so, just first capital — retail should be a big chunk ...
Robinhood's venture fund IPO attracted 150,000+ retail ... - aetos.ai
Robinhood CEO Vlad Tenev is touting the success of the fintech’s new Ventures Fund I, which allows retail investors to invest in private tech companies like Stripe, Oura, Databricks, OpenAI, and others, through a publicly traded fund listed on the NYSE. “We had something like over 150,000 retail investors participate in the IPO, so it’s quite democratized,” noted Tenev in an interview at The Wall Street Journal’s Future of Everything conference this week. The fund, which launched in March, arrives at a time when the term “unicorn,” which once referred to the rare billion-dollar startup, has become outdated. When AI model providers like OpenAI and Anthropic are raising capital at valuations of $850+ billion to $900 billion, another word besides “unicorn” is needed. “We call them frontier companies,” said Tenev, explaining how Robinhood differentiates these larger, private companies from other startups. “There are private companies that are raising capital at valuations in the high hundreds of billions. You’re going to see, perhaps, multiple private companies getting into the trillions [in valuation] before the IPO — before retail investors can participate,” he said. Robinhood’s initial fund has exposure to many tech companies that have yet to go public, including most recently OpenAI, which joins Mercor, Ramp, Airwallex, Boom, and others. Tenev believes the new fund makes sense as part of Robinhood’s broader mission to democratize access to markets for retail investors. Initially, the company did this through its zero-commission trades, which significantly increased retail participation in the public markets. Now it sees investing in large, private companies as the next step. “You can think of [the new fund] as a publicly traded venture capital firm with daily liquidity. No accreditation requirements and no carry,” Tenev said in the interview. “So just a competitive management fee, no carry — which, for those of you familiar with venture capital, typically, when you invest in a fund as an LP, you pay a management fee, but there’s also a carry of typically around 20%, which means 20% of your profits go to the fund manager.” Tenev believes that, due to the size of these companies, retail investors should be able to get in earlier than the IPO — especially given how many companies are choosing to wait to go public. “The aspiration is, if you’re a company raising a seed round and a Series A round — so, just first capital — retail should be a big chunk ...
Robinhood Faces Cheaper Crypto Rival As Retail Venture Fund Expands Access
Robinhood Markets (NasdaqGS:HOOD) has introduced a retail-focused venture fund that allows non-accredited investors to access private tech companies, including OpenAI and Stripe.
Robinhood Ventures Fund Crosses $1B In Market Cap: Retail ... - Stocktwits
Robinhood Ventures Fund I (RVI), the brokerage company's inaugural fund that aims to give retail investors exposure to pre-IPO companies like OpenAI and Stripe, crossed the $1 billion market capitalization milestone on Friday. Robinhood Markets Inc. (HOOD) CEO Vlad Tenev announced the milestone in a post on X.
