News Summary

• Robinhood CEO Vlad Tenev is touting the success of the fintech’s new Ventures Fund I.
• The fund allows retail investors to invest in private tech companies like Stripe, Oura, Databricks, OpenAI, and others, through a publicly traded fund listed on the NYSE.
• “There are private companies that are raising capital at valuations in the high hundreds of billions.
• You’re going to see, perhaps, multiple private companies getting into the trillions [in valuation] before the IPO — before retail investors can participate,” he said.