Find XO: Robinhood's $650 Million Fund Listing: New Liquidity for Late-Stage Startups (techcrunch.com)

- Robinhood has listed on the New York Stock Exchange its venture fund RVI investing in 8 companies including Databricks and Ramp. - This is significant news for late-stage startup founders as indirect investment routes for individual investors into private companies have increased. - However, fund listing and a company's new capital raising should be distinguished. - The tangible benefit that founders obtain also depends on whose shares the fund buys.