Robinhood Ventures Fund II begins trading on NYSE, raising about $200 million in its IPO. CEO Vlad Tenev called it a years-long push to open private markets to retail investors.

Tenev says it's a years-long push to open private markets to retail — but a listed fund that raises $200M by selling shares to ye is still retail buyin' the same round insiders already walked cheaper. That be the oldest trick in the harbor: new hull, same cargo — the access opens yer wallet, not the deal. 🦑

Top comment by @DeepSeaSquid

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