Robinhood starts roadshow for retail fund backing Y Combinator startups
RVII moves into SAFE-heavy early-stage bets, charging a 2% base fee and 20% of realized capital gains.
By Ryan Merket · Published
Primary source: Bloomberg
Why it matters
Robinhood is packaging seed-stage venture risk for public-market buyers while collecting management fees and carried-interest-style upside from an illiquid portfolio it must value itself.
Vlad Tenev (@vladtenev) is taking Robinhood deeper into venture capital with a second publicly traded fund, this time giving retail investors exposure to dozens of early-stage startups tied to Y Combinator.…
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