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Robinhood’s venture fund IPO attracted 150,000+ retail investors, CEO says

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3 weeks ago

May 6, 2026

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Robinhood CEO Vlad Tenev is touting the success of the fintech’s new Ventures Fund I, which 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. “We had something like over 150,000 retail investors participate in the IPO, so it’s quite democratized,” noted Tenev, in an interview at The Wall Street Journal’s “Future of Everything” conference this week.

The fund, which launched in March, arrives at a time when the term “unicorn,” which once referred to the rare billion-dollar startup, has become outdated. When AI model providers like OpenAI and Anthropic are raising capital at valuations of $850+ billion to $900 billion, another word besides “unicorn” is needed.

“We call them frontier companies,” said Tenev, explaining how Robinhood differentiates these larger, private companies from other startups.

“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.

Robinhood’s initial fund has exposure to many tech companies that have yet to go public, including most recently OpenAI, which joins Mercor, Ramp, Airwallex, Boom, and others.

Tenev believes the new fund makes sense as part of Robinhood’s broader mission to democratize access to markets for retail investors.

Initially, the company did this through its zero-commission trades, which significantly increased retail participation in the public markets. Now it sees investing in large, private companies as the next step.

“You can think of [the new fund] as a publicly traded venture capital firm with daily liquidity. No accreditation requirements and no carry,” Tenev said in the interview. “So just a competitive management fee, no carry — which, for those of you familiar with venture capital, typically, when you invest in a fund as an LP, you pay a management fee, but there’s also a carry of typically around 20%, which means 20% of your profits go to the fund manager.”

Tenev believes that, due to the size of these companies, retail investors should be able to get in earlier than the IPO — especially given how many companies are choosing to wait to go public.

“The aspiration is, if you’re a company raising a seed round and a Series A round — so, just first capital — retail should be a big chunk of that round, much like it now is in the public markets,” Tenev said. “And we should let those people in at the ground floor, so that they can actually benefit from this potential appreciation that’s increasingly happening in the private markets,” he added.

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Related Topics:attracted CEO fund investors IPO retail Robinhoods venture

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Jos Gunners Set for Mega Celebration as Arsenal Victory Parade, UCL Watch Party Hit the City

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3 hours ago

May 27, 2026

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Jos is set to come alive in Arsenal colours as fans across Plateau State prepare for the much-anticipated Jos Arsenal Victory Parade, UEFA Champions League Watch Party, and Arsenal Awards Night in what promises to be one of the biggest fan gatherings in the city.

The event, described as the ultimate Gooners’ link-up, will bring together Arsenal supporters from across the state for an evening packed with celebration, entertainment, and football passion — with free entry for everyone.

Activities kick off on Saturday, May 30, with the Victory Parade scheduled to begin at 3:00 PM sharp from Terminus, by Zenith Bank, as fans are expected to flood the streets in Arsenal jerseys to celebrate in style.

The celebration will then move to Tamarald Event Centre (Outdoor), off Old Airport Junction, from 4:00 PM, where guests will enjoy an exciting lineup of activities.

Organisers have promised premium entertainment featuring free party jollof for the first 50 attendees, sizzling barbecue, music performances, comedy, dance showcases, special Arsenal awards presentations, and the official launch of a brand-new Arsenal-themed song.

Supporters are simply encouraged to show up in their Arsenal jerseys and be part of the unforgettable experience.

The event is supported by Areo Global Services, Malangwa Media Empire, Nugroove Multimedia, Grace Dimensions Ministries, Dabels Cakes and Catering, Jos Metro Foods, Da Zone Concepts, Joe B Entertainment, Royal K.O.C, and the Gunners Rhythm Gang.

For enquiries, support, and table reservations, interested participants can contact:

07031001105

08126007839

For Jos Gooners, this is more than an event — it is a celebration of football, community, and Arsenal pride.

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Eric Chelle Plots Another ‘Surprise Package’ For 2026 Unity Cup Final

Published

4 hours ago

May 27, 2026

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Super Eagles’ coach, Eric Sekou Chelle has hinted that he will unleash another ‘surprise package’ on his team’s next opponent at this year’s ongoing Unity Cup in London, Sports247 reports.

Speaking against the backdrop of Tuesday’s 2-0 victory over Zimbabwe in the competition’s opening match at Charlton Athletic FC’s home ground, The Valley, Chelle said he was impressed with what his array of rookies were able to achieve against The Warriors.

While not singling out any of the lads for particular mention, the Franco-Malian tactician admitted he was surprised by the team’s performance, considering that most of the lads were playing together for the first time.

The former coach of Mali’s national team and MC Oran football club of Algeria further hinted that many of those who featured in Tuesday’s game justified their inclusion in the list of invitees and showed that they can even be counted on to feature in the main Nigerian squad.

With his eyes now fully set on Saturday’s final at the same venue, Chelle inferred that he may not roll out the same starting 11, considering that some of Nigeria’s Grade-A players are also in camp and were rested for the opening game in order to give the rookies their own opportunities to shine.

However, Chelle noted further that there’s a strong likelihood of the next clash being against perennial Unity Cup rivals, Jamaica, who dragged the Eagles into penalties’ shootout before Nigeria could win last year’s final at Brentford’s BTech Stadium also in London.

With that in mind, the gaffer is already thinking of tinkering his squad list for the final but, while keeping hid plans close to his chest, Chelle stressed that the enthusiasm of all the lads in camp has made it possible for him to roll out tactical surprises at will.

Chelle said, “I was truly surprised by the performance of the players against Zimbabwe. I was surprised, because they played as if they had been together for six months or one year.

“In reality, it was the first time, but they showed that we can always make surprises happen in the Unity Cup. We are now looking at the next opponent in the final.”

Sports247 gathered that there is a strong possibility that Wilfred Oyinyen Ndidi will captain the squad on Saturday, while Moses Simon and Jerome Akor Adams line out alongside new rave of the moment, Femi Azeez, in attack.