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Sohail Prasad - 3 Destiny - 2 Robinhood - 2 Prasad - 2 — - 1 ” - 1 Jack Shannon - 1 Shannon - 1
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SpaceX - 4 New York Stock Exchange - 3 Tech - 1 Morningstar - 1 Gray - 1 CNBC - 1 Trust - 1 Klarna Bank - 1

Search resuls for: "Tech100"


5 mentions found


☆ Tensions Rise in Silicon Valley Over Sales of Start-Up Stocks
  + stars: | 2024-05-06 | by ( Erin Griffith | ) www.nytimes.com   time to read: +1 min
Sohail Prasad, an entrepreneur, launched a fund in March called the Destiny Tech100. The fund owns shares in hot tech start-ups like the payments firm Stripe, the rocket maker SpaceX and the artificial intelligence company OpenAI. Few people get the chance to invest in these privately held companies since their shares are not openly traded. Mr. Prasad’s intention with Destiny was to let the rest of the world get a piece of them through his fund. But soon after Destiny debuted, two tech start-ups — Stripe and Plaid, a banking service — said the fund did not legally own their shares.
Persons: Sohail Prasad, Destiny, —, Robinhood, Prasad, ” Organizations: SpaceX
☆ This fund that lets retail traders invest in SpaceX and OpenAI is trading at a massive premium
  + stars: | 2024-04-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +5 min
DXYZ 1M mountain The Destiny Tech 100 fund has seen big swings and is trading well above its net asset value. "It's common for them to not trade exactly at their NAV, but trading at a premium is very strange. Robinhood confusion The popularity of the new fund appears to have caused some confusion on retail brokerage app Robinhood . According to Prasad, the Destiny fund was previously available for trading on brokerage Robinhood, but they started seeing complaints last week that things had changed. "Our focus is not on the premium," but in building out the fund, Prasad said.
Persons: Jack Shannon, Shannon, Chelsea Childs, Sohail Prasad, Prasad, Robinhood, Chelsea, Destiny Organizations: SpaceX, New York Stock Exchange, Tech, Morningstar, Gray, CNBC, Trust
☆ Demand for private companies is high, but getting your hands on them is a big problem
  + stars: | 2024-04-22 | by ( Bob Pisani | ) www.cnbc.com   time to read: +4 min
If you have your heart set on investing in up-and-coming private companies, options exist, but are limited. Obviously, there is a strong desire to get into hot private market tech companies, even if at an irrational cost. The simplest way to do this would be to float an exchange traded fund, or ETF, that held these private shares. Forge Global launched the Forge Accuity Private Market Index, a market capitalization weighted index that tracks the performance of 60 late-stage venture-backed private companies like SpaceX and Epic Games. Bottom line: there is no easy way to access private shares.
Persons: Tech100, Cathie Wood, Howe Ng, Brett Winton Organizations: New York Stock Exchange, SpaceX, Klarna Bank, Tech100, ARKVX Venture, Forge Global, Epic Games, ARK Investment, Edge
☆ Destiny Tech100 fund launches to expand investments in buzzy startups
  + stars: | 2024-04-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDestiny Tech100 fund launches to expand investments in buzzy startupsCNBC's Kate Rooney reports on a new fund helping retail investors get access to the hottest tech startups.
Persons: Kate Rooney
☆ Want to Invest in SpaceX or Stripe? There’s a Fund for That.
  + stars: | 2024-04-05 | by ( Erin Griffith | ) www.nytimes.com   time to read: +1 min
Stripe, a payments start-up, is one of the most successful companies to emerge from Silicon Valley in a generation. It is a problem that has vexed retail investors for years, as start-ups like Stripe, SpaceX and OpenAI soar to enormous valuations in the private market. Only so-called accredited investors with a high net worth are allowed to invest in private tech start-ups. It is offering a publicly traded fund that contains shares of 23 private tech companies including Stripe, SpaceX, OpenAI, Discord and Epic Games. Sohail Prasad, the chief executive of Destiny XYZ, the parent company of the fund, said his goal was to let anyone own part of the tech industry’s top private companies.
Persons: Destiny Tech100, Sohail Prasad Organizations: SpaceX, Games, New York Stock Exchange Locations: Silicon
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