Core Insights - Robinhood Markets Inc. is launching a closed-end fund named Robinhood Ventures Fund I to provide US retail investors access to private companies [1][2] - The initiative aims to democratize investment opportunities that have traditionally been available only to wealthy individuals and institutions [2] - The fund will focus on a concentrated portfolio of private companies at the forefront of their industries, pending SEC approval for trading on the New York Stock Exchange under the symbol RVI [3] Company Strategy - Robinhood has prioritized giving retail investors access to private equity, which has been restricted in the past [2] - The firm previously announced plans to offer tokenized equities in Europe and provided a limited giveaway of equity tokens for companies like OpenAI and SpaceX [2] Market Context - Many companies are remaining private longer, leading to skyrocketing valuations and leaving retail investors with limited options to participate in this growth [2] - The CEO of Robinhood highlighted the unfairness of retail investors being locked out of private company investments for decades [2]