Tags: IPO

Robinhood Files for Second Retail Venture Fund Amid AI-Fueled Stock Surge

Robinhood Files for Second Retail Venture Fund Amid AI-Fueled Stock Surge TechCrunch
Robinhood Markets filed a confidential registration statement to launch RVII, its second publicly traded venture fund, expanding beyond the late‑stage companies that anchor its first fund, RVI. The new vehicle will target growth‑stage and early‑stage startups, opening the private‑market upside to everyday investors without accreditation requirements. RVI, which debuted at $21 per share and now trades above $43, has already doubled in value, driven by optimism around AI‑heavy holdings such as OpenAI and Databricks. CEO Vlad Tenev says the move aims to let retail investors sit at the ground floor of future tech breakthroughs. Read more

University of Michigan's $20 Million Bet on OpenAI Now Worth $2 Billion

University of Michigan's $20 Million Bet on OpenAI Now Worth $2 Billion The Next Web
The University of Michigan invested $20 million in OpenAI before ChatGPT existed, and court documents reveal the stake is now worth $2 billion. This hundred-to-one return on investment is a significant windfall for the university's endowment, which made the bet on the AI company when it was still a nonprofit research laboratory. Read more