全新基金将向散户开放投资SpaceX与Anthropic的渠道

Core Insights - Powerlaw Corp is applying to offer shares in New York, allowing retail investors to participate in the growth of top unicorns in AI, defense, and aerospace sectors [1][6] - The fund, managed by Arcadian Ventures, focuses on acquiring shares of private companies from existing investors and has over $1.2 billion in assets under management [1][6] - OpenAI is negotiating funding at a valuation of up to $830 billion, a significant increase from its previous valuation of under $30 billion [7][8] Fund Structure and Strategy - The fund plans to go public through a direct listing, selling existing shares rather than issuing new ones, enabling investors to buy shares through brokerage accounts [2][8] - Powerlaw has invested $355 million in 18 of the highest-valued private tech companies through various methods, including direct purchases and SPVs [8][11] - The fund aims to bridge the gap for retail investors who have been excluded from the exponential growth of companies like OpenAI [7][8] Market Context - The private market is becoming increasingly accessible to retail investors, with traditional barriers being lowered [10][12] - The trend of fewer unicorns going public is creating challenges for venture capitalists to realize cash returns on their high valuations [9][12] - Similar closed-end funds, like Destiny Tech100, have successfully gone public, indicating a growing interest in this investment model [13]