# Robinhood to list a fund that lets anyone back Y Combinator startups

- URL: https://talkfuse.com/story/robinhood-to-list-a-fund-that-lets-anyone-back-y-combinator-startups/
- Published: 2026-08-05T12:23:52+00:00
- Updated: 2026-08-05T12:33:22+00:00
- Original publisher: TechCrunch
- Original article: https://techcrunch.com/2026/08/05/robinhood-to-list-a-fund-that-lets-anyone-back-y-combinator-startups/
- Topics: Art, Business, Celebrity, Companies, Culture, Entertainment, Geopolitics, Politics

## Key points

- Robinhood launches RVII, a fund giving retail investors indirect Y Combinator startup exposure
- Lists 13 August at $25/share, aiming to raise up to $200 million
- Charges over 4% in fees plus 20% carry, with no fixed payout timeline

## Summary

Robinhood has unveiled Robinhood Venture Fund II (RVII), a publicly traded fund set to list on 13 August that lets retail investors put money into startups linked to Y Combinator without holding direct shares in those companies. The launch extends Robinhood's push to give ordinary investors exposure to hot private companies, but it comes with unusual fee structures and no clear timeline for returning profits, raising questions about how much investors could actually gain even if the underlying startups succeed.

RVII is expected to open at $25 per share and aims to raise up to $200 million, investing in shares sold by current or former Y Combinator startups. Robinhood will charge fees totalling just over 4%, plus 20% carried interest on any profits, paid to a Robinhood-owned entity, but unlike typical venture funds it sets no end date for distributing returns and does not guarantee regular payouts. Its predecessor, Robinhood Ventures Fund I, illustrates the risk: after peaking above $56 in May, its shares have since fallen to around $28, still above its $21 IPO price. Unlike Robinhood's 2025 tokenised OpenAI and SpaceX products, which OpenAI publicly disavowed, RVII will hold actual startup shares rather than crypto tokens.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.