According to Tech Funding News, Robinhood has announced the launch of its second venture capital fund—Robinhood Ventures Fund II (RVII), aiming to raise up to $200 million through an initial public offering (IPO). This closed-end fund will focus on investing in seed and early-stage startups within the Y Combinator (YC) ecosystem, with an initial portfolio covering 80 private companies. In terms of fees, RVII follows the traditional hedge fund fee structure, charging a 2% annual management fee and a 20% performance incentive fee on realized gains (estimated total annualized fee rate is approximately 4.18%). https://www.(wublock123.com)/news/news-65937