Robinhood launches second venture fund
robinhood filed for rvii, a second venture fund targeting earlier ai startups, after the first fund more than doubled on ai hype.
robinhood filed for rvii to target growth and early-stage ai startups, unlike rvi's focus on late-stage firms like databricks and elevenlabs. rvi shares surged from $21 to over $43 fueled by ai valuations. ceo vlad tenev aims to bypass accredited investor rules, eventually letting retail investors participate in seed rounds to capture value typically locked in private markets.