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

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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in March, arrives at a time when the term “unicorn,” which once referred to the rare billion-dollar startup, has become outdated.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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42 community rangers deployed to boost security at Gashaka Gumti National Park

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The National Park Service, NPS, has deployed 42 additional volunteer community rangers to strengthen security and conservation efforts at the Gashaka Gumti National Park located across Taraba and Adamawa states.

Speaking during the passing-out parade of the rangers in Serti, headquarters of Gashaka Local Government Area of Taraba state on Tuesday, the Conservator-General of the NPS, Ibrahim Goni, reaffirmed the agency’s commitment to partnerships aimed at promoting biodiversity conservation and sustainable livelihoods across the country.

Represented by George Kagon, Goni said the recruitment initiative was designed to address manpower shortages caused by retirements and other operational losses within the park service.

“By recruiting dedicated youths from host communities, we are not only strengthening park protection but also fostering a sense of shared ownership,” he said.

He commended President Bola Tinubu and the Minister of Environment, Balarabe Lawal, for their support to the service, while also appreciating Taraba State Governor Agbu Kefas and his Adamawa counterpart, Ahmadu Fintiri, for creating an enabling environment for the management of the park.

According to him, the newly recruited rangers underwent intensive training in patrol tactics, wildlife tracking, GPS usage, operational planning, and legal procedures to prepare them for field operations.

Also speaking, the Country Manager of the Africa Nature Investors (ANI) Foundation, Nacha Geoffrey, described Gashaka Gumti as a critical ecological asset and an important watershed for the River Benue that supports millions of Nigerians.

Geoffrey said the deployment marked another major step towards tackling environmental degradation and insecurity threatening the park.

“They are frontline guardians of this vast wilderness and a bridge between conservation authorities and host communities,” he said of the new rangers.

He explained that the recruitment exercise, the fourth since the programme began in 2021, forms part of the strategic partnership between the NPS and ANI Foundation aimed at restoring the park’s ecological integrity and strengthening community participation in conservation efforts.

Geoffrey identified illegal mining, logging, livestock encroachment, and poaching as some of the major threats facing the park, noting that the rangers would play key roles in patrol operations, community engagement, and protection of endangered wildlife species including chimpanzees and leopards.

Despite the rugged terrain of the park, including areas such as Chappal Waddi, he assured the rangers of continued institutional support through the provision of modern equipment, aerial surveillance, and training in first aid and human rights.

Also speaking, the Conservator of the park, D.A. Hamman, said the recruits had received training in conservation law, wildlife monitoring, first aid, and community relations.

“They have walked the ridgelines, tracked the streams, and learned to read the land. They understand that this park is not just forest and mountains, but a vital resource for communities and future generations,” Hamman said.

Traditional rulers from Gashaka, the Mambilla Plateau in Taraba State, and Ganye in Adamawa State commended the initiative, saying improved security had already enabled displaced farmers to return to their communities.

Speaking on behalf of the monarchs, the Lamdo of Gashaka, Alhaji Zuberu Hammagbdo, praised ANI Foundation for its interventions in education, women empowerment, livestock vaccination, and youth development.

“Thousands of cattle have been vaccinated by them,” he said, adding that many of the newly trained rangers were drawn from host communities.
Similarly, the Emir of Ganye, Alhaji Umaru Adamu Sanda, said ANI’s interventions had helped reduce youth unemployment and criminal activities in communities within his emirate.

Chairman of Gashaka Local Government Area, Umar Yusuf, described ANI’s presence as a blessing to both Gashaka and neighbouring Toungo Local Government Area in Adamawa State, assuring the organisation of continued support.

Some of the newly deployed rangers, including Victor and Sadiq, pledged to protect the park and preserve its resources for future generations.

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Football Predictions: This week’s betting tips & match analysis

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Looking for the most reliable football predictions for this weekend? PR-Sports brings you data-backed insights to help you make informed betting decisions.

Our expert analysis cuts through the noise. We consider real-time stats, injury updates, and team momentum to deliver the best picks for the week.

Picks of the Week (May 4 – May 10)

Match and Selection Odds
Manchester City to beat Brentford and over 2.5 goals 1.68
Leipzig to beat St Pauli 1.32
Lazio vs. Inter Milan – Both Teams to Score 1.75
AC Milan vs. Atalanta – Over 2.5 Goals 1.81
Barcelona vs. Real Madrid – Both Teams to Score 1.33
Total 9.27

Odds are via Sporty Bet and correct at the time of posting.

Tip 1: Manchester City vs. Brentford – Home Win & Over 2.5 Goals

Date: Saturday, May 9, 2026

Justification: Manchester City is in the final sprint for the Premier League title and cannot afford a single point dropped.

Coming off a 3-3 draw with Everton earlier this week, Pep Guardiola will demand a ruthless response at the Etihad.

Brentford is safe from relegation but lacks the defensive depth to stop City’s rotation. Expect a dominant home performance with multiple goals.

Tip 2: RB Leipzig vs. FC St. Pauli – Home Win

Date: Saturday, May 9, 2026

Justification: Leipzig is looking to secure their top-three status in the Bundesliga. St. Pauli has been a brave newcomer this season but has struggled significantly in away fixtures against top-four opposition.

Leipzig’s superior physical intensity and the atmosphere at the Red Bull Arena make this one of the most reliable bankers of the German weekend.

Tip 3: Lazio vs. Inter Milan – Both Teams to Score

Date: Saturday, May 9, 2026

Justification: Inter Milan has already secured the Scudetto, and Lazio have nothing left to fight for, which should make the game at Stadio Olimpico an open one.

While Inter is defensively sound, Lazio has scored in every home game in 2026. Expect a productive game from both sides.

Tip 4: AC Milan vs. Atalanta – Over 2.5 Goals

Date: Sunday, May 10, 2026

Justification: This is a crucial battle for European qualification in Serie A, and it is expected that both Milan and Atalanta will have a go at each other.

Atalanta’s man-marking system often leads to open, end-to-end games against elite opposition. Stats show that this specific fixture has cleared the 2.5-goal margin in 4 of their last 5 meetings.

Tip 5: Barcelona vs. Real Madrid – Both Teams to Score (BTTS)

Date: Sunday, May 10, 2026

Justification: It’s El Clásico at the Spotify Camp Nou. Regardless of the league table, this match is about pride and tactical supremacy.

Barcelona’s aggressive high line under Hansi Flick often invites counter-attacks, while Real Madrid’s frontline of Mbappé and Vinícius Jr. is built for these transitions. In 9 of the last 11 Clásicos, both sides have found the net.

⚽ Verified Expert Analysis

These tips are analysed by Babatunde Kolawole > Senior Betting Writer and Expert, Pulse Sports Nigeria

The Strategy: Kolawole leverages a mix of Opta-driven data, team news (injuries/suspensions), and several data-filled insights to craft high-probability outcomes.

With over 8 years of experience in African and European football markets, his focus is on value betting rather than just favourites.

Accuracy: The goal is to have at least 3/5 accuracy in our picks, and we will update our progress on a weekly basis.

Last week we recorded a 4/5, surpassing our target for the week.

Frequently Asked Questions

Question: What are the best football prediction sites in Nigeria?

Answer: Pulse Sports provides expert-verified weekly tips based on deep data analysis.

Disclaimer: Betting involves risk. Our tips are based on intensive data analysis to improve your chances, but no outcome is guaranteed. Please gamble responsibly (18+).

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