Robinhood just launched its second Pre-IPO fund. |
There’s still time to invest in Anthropic – the #1 AI stock. The IPO is slated for September. And that means limited-time to secure your shares. |
Here’s your link – before it’s too late. |
The new closed-end fund raised $225.5 million and began trading on the New York Stock Exchange on Thursday. |
Here are the details: |
· Name: Robinhood Ventures Fund II |
· Ticker and exchange: NYSE: RVII |
· Trading Date: August 13, 2026 |
· Capital raised: $225.5 million |
· Focus: Early-stage Y Combinator startups |
· Management fee: 2% |
Robinhood Venture Fund I (NYSE: RVI) went public back in March at $25.00 per share. That fund owns growth-stage companies including OpenAI, Stripe, and Databricks. |
RVI trades around $29 / share. That's a 15% gain from its listing price — a healthy return, though slightly behind the Nasdaq's 20% rise over the same stretch. |
The new fund takes a different approach. Instead of buying late-stage companies near their IPOs, RVII invests in brand-new startups coming out of Y Combinator. |
Y Combinator is the most successful startup accelerator in history. Its alumni include Airbnb, Stripe, DoorDash, Coinbase, and Reddit. The accelerator has produced more than 90 unicorns worth +$1 billion since 2005. |
Go here to buy the next huge IPOs – before they start trading. |
RVII has already invested in more than 80 startups, according to its prospectus. The fund's managers met with over 100 companies from each of the last two Y Combinator batches — and wrote average checks of roughly $250,000 into about 40 startups per class. |
The strategy is simple: skip the bottom of the class and buy the top 20%. Portfolio manager Rich Aberman — a Y Combinator founder himself who sold his startup WePay to JPMorgan — believes that curation is where the returns come from. |
I think that's the right instinct. Venture returns follow a brutal power law. A handful of winners generate most of the profits, and the majority of startups fail or go sideways. |
That's also the risk. These are tiny, unproven companies. And investors won't get much visibility into the individual holdings. |
There's one more thing to watch. |
Closed-end funds can trade at a premium or discount to their net asset value. If retail investors pile in, RVII could trade well above the value of the startups it actually owns. That's exactly what happened with Destiny Tech100 — and buyers at big premiums got burned. |
This fund is a fascinating experiment in giving everyday investors true venture-style exposure. Until now, backing Y Combinator startups required accredited investor status — a $1 million net worth or $200,000 in income. |
Now anyone can invest in these deals by purchasing Robinhood Ventures Fund II. |
Do you want to invest in the biggest upcoming IPOs – Anthropic and OpenAI? I’d love to show you how. |
Simply go here for my live Pre-IPO briefing. |
Ian Wyatt
Editor, IPO Watch |
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