PANews reported on April 6th that Robinhood Ventures I, Robinhood's private market fund, has rebounded by approximately 30% after a lackluster initial performance. Launched in early March, the fund initially fell 16% on its first day but has since gradually recovered, aiming to provide retail investors with a channel to participate in late-stage unlisted company equity. However, analysts warn that with the potential IPOs of tech giants like SpaceX, OpenAI, and Anthropic approaching, the private market may face short-term volatility. Poor performance of leading companies upon listing could drag down secondary market valuations and impact unicorn IPO expectations, including for companies like Stripe.

The head of Robinhood Ventures responded that the concerns mentioned above are more of a short-term fluctuation, and there are still many investment opportunities in the long term. As AI technology continues to advance, the application ecosystem built around leading models will unleash huge growth potential. Currently, the fund mainly invests in a few late-stage companies, including fintech companies Airwallex and Stripe, as well as AI companies such as Databricks, acquiring equity through primary market or licensed secondary market transactions.