Why Cathie Wood And Robinhood Agree That Retail Investors Need Access To Private Markets
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Cathie Wood of ARK Invest and Shivaram Rajgopal of Robinhood advocate for greater access to private markets for retail investors, as major tech companies remain private longer, limiting wealth creation opportunities. They discussed ARK's venture-focused fund and Robinhood's private markets fund aimed at democratizing access. Wood highlighted the shift in the investing landscape, citing companies like SpaceX with high valuations before going public. Both executives criticized the outdated accreditation system and emphasized the need for transparency and education as retail investors increasingly act like long-term institutional investors.
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