ARK Invest CEO Cathie Wood and Robinhood Markets Inc. (NASDAQ:HOOD) CFO Shivaram Rajgopal made the case for opening private markets to retail investors, arguing that everyday investors are increasingly locked out of the biggest wealth-creation opportunities in tech.
Shifting Landscape
In an interview session, on Tuesday the discussion centered around ARK’s venture-focused interval fund and Robinhood’s newly launched closed-end private markets fund.
Both are designed to give retail investors exposure to private companies that traditionally remained accessible only to accredited investors and institutional capital.
Wood said the investing landscape has shifted dramatically as companies stay private far longer than in previous …