Reported about 6 hours ago
Robinhood has filed an application with the U.S. Securities and Exchange Commission to create the 'Robinhood Ventures Fund I', aimed at allowing retail investors to invest in startups before they go public. The fund plans to include investments in sectors such as aerospace, AI, fintech, and more, although specific details regarding shares and management fees are still pending. This initiative seeks to address the current disparity where retail investors have limited access compared to accredited investors who can invest in startups.
Source: YAHOO