Robinhood Bets Again on a Public Venture Capital Fund

Andrew here. For a summer Friday in August, there’s a lot going on. We’re following Robinhood’s latest effort to give retail investors an entry to private start-ups, another shake-up in OpenAI’s top ranks and a report that JPMorgan Chase dropped Polymarket as a client over regulatory concerns. More below.

We’re also watching Manhattan federal court: Luigi Mangione is expected to plead guilty to charges tied to the killing of the UnitedHealthcare C.E.O. Brian Thompson.

Robinhood doubles down on venture investing

We’ve reported over the past year how high finance has increasingly seen retail investors — that is, ordinary, nonwealthy individuals — as a big part of its future.

One of the movement’s loudest proponents is Robinhood, which has argued that Main Street shouldn’t be shut out of the astronomical growth of private start-ups like Anthropic and OpenAI.

Article source: https://www.nytimes.com/2026/08/14/business/dealbook/robinhood-public-venture-capital-fund.html