A Meme Stock for Private Companies - Bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Mehar DXYZ, Mango Markets manipulation, non-pro rata uptiering and Trump Media’s auditor. Translate We talked yesterday about the Destiny Tech100 fund, but I worry that I did not sufficiently emphasize how wild it is. Here is what it is: This is an idea that lots of people have had: Wouldn’t it be nice to give ordinary investors access to hot startups? DXYZ is “providing everyday investors access to these private market leaders for the first time,” its website says. The New York Times said last week: 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 in
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