Robinhood infrastructure layer captures crypto value
Robinhood is long-term bullish on crypto and is investing in blockchain infrastructure; Robinhood chain has already reached top one to three chains and found product-market fit, and the firm sees long-term value accruing to the infrastructure layer through tokenization and yield products like Robinhood Earn.
Robinhood Ventures Fund II is a newly listed vehicle that gives everyday investors access to early-stage Y Combinator companies, investing via SAFEs at much lower valuations with more upside. It removes accreditation requirements, provides daily liquidity, charges 2% management fee and 20% only on realized gains, and selects about 40 companies per YC batch with a dedicated YC-experienced portfolio manager.