Robinhood is launching a publicly traded fund that invests in Y Combinator startups. Anyone can buy shares.
TL;DR Robinhood Ventures Fund II is going public at $25/share, focused on Y Combinator startups. Fund I (March IPO, $315M raised) holds Databricks, Stripe, Canva. Goldman, Citi, JPMorgan underwriting. 2% management + 20% incentive fee. Robinhood is launching a second publicly traded closed-end fund that will invest in private companies from the Y Combinator ecosystem….