Robinhood Brings Y Combinator to the Masses as Shein Eyes $40B Hong Kong IPO

Robinhood opened subscriptions Monday for Robinhood Ventures Fund II, a $200 million closed-end fund giving retail investors access to seed-stage Y Combinator startups at $25 per share. The fund holds 80 private companies and will list on the NYSE on August 13 — five months after its predecessor raised $658.4 million to invest in OpenAI and Stripe. This marks a seismic shift in private-market access: everyday...