yahoo Press
Jim Cramer on Robinhood Ventures Fund I: “Clearly, People Aren’t That Enthused About These Venture Capital-Backed Startups”
Images
Robinhood Ventures Fund I (NYSE:RVI) is one of the stocks on which Jim Cramer expressed his thoughts. Cramer mentioned the stock during the episode and remarked: Let me put it bluntly. When Robinhood was offering shares of RVI at $25 in the IPO, investors were buying into the fund at face value. In other words, they were buying this pool of investments in private companies at the price that Robinhood was saying they were worth. And to start, there was far less demand for these assets at that price than Robinhood expected there to be. Only one-third of the demand that they were expecting materialized. But then, with these closed-end funds, once they’re released into the wild, we can easily see the difference between what the manager of the fund thinks some group of assets are worth and what the market thinks what they’re worth… A stock market chart. Photo by Arturo A on Pexels Robinhood Ventures Fund I (NYSE:RVI) is a venture capital fund that provides growth capital through direct investments. While we acknowledge the potential of RVI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. Follow Insider Monkey on Google News.