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Robinhood plans to launch a startups fund open to all retail investors
The “Robinhood Ventures Fund I” is intended to allow any retail investor to make money on startups, but the details are scant.
Robinhood announced Monday it has filed an application with the U.S. Securities and Exchange Commission to launch a new publicly traded fund that will hold shares of startups. The idea behind the “Robinhood Ventures Fund I” is to allow every retail investor access tomake money on the hottest startups before they go public. “Accredited investors” — or those with a net worth large enough to handle riskier investments — already have a variety of ways of buying equity in startups, such as with venture firms like OurCrowd.
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