Robinhood is launching a publicly traded fund that invests in Y Combinator startups. Anyone can buy shares.

TL;DR Robinhood Ventures Fund II is going public at $25/share, focused on Y Combinator startups. Fund I (March IPO, $315M raised) holds Databricks, Stripe, Canva. Goldman, Citi, JPMorgan underwriting. 2% management + 20% incentive fee. Robinhood is launching a second publicly traded closed-end fund that will invest in private companies from the Y Combinator ecosystem. Robinhood Ventures Fund II filed to offer 7.6 million shares at $25 each, with pricing expected after market close on August 12. The fund will trade on the NYSE under the ticker RVII. Goldman Sachs, Citigroup, JPMorgan, UBS, and Wells Fargo are underwriting. The fund…