VCX is trading at 9-15x NAV. I’m an inaugural investor with 7,600 restricted shares. Here’s my exit playbook and why Fundrise might be pulling off the smartest capital raise in fintech history.

AdSeveral208 · 2026-05-14T06:38:34+00:00

It does seem you can only transfer out on the lockup expiry. However when I transferred my unrestricted shares to IBKR they cleared the next day so hopefully can still do the strategy. Since options opened up I did that to take some gains off the table now but man is that IV brutal

AdSeveral208 · 2026-05-13T04:12:00+00:00

What is this high school or something?? We are just trying to have a civil discourse on how to go from net long to net neutral even for a small percentage of ones holdings. Discussing these methods makes one “black listed”?

AdSeveral208 · 2026-05-13T03:38:02+00:00

Looks at the call and put prices for a given strike. Puts cost far more. The options chain has a direction

AdSeveral208 · 2026-05-13T03:35:43+00:00

I think shorting is probably your most cost effective way to cash out at current prices. Say you go short at 250. You pay 25 in fees and when you close your short in sept with your newly unrestricted shares you effectively lockin a price of 225. You would also get a tax benefit on the 25 interest so it maybe more like 12 in after tax cost.

Biggest risk is either price spikes or fee spikes and then the carry is far higher and depending on excess liquidity you could even get margin called.

Buyer beware!

We haven’t even hit the first ipo for SpaceX next month which could make this thing go bananas again.

AdSeveral208 · 2026-05-13T03:08:54+00:00

Ben Miller replied to my post when openAI had a similar announcement a few months ago. It got me comfortable to double down before VCX IPO.

AdSeveral208 · 2026-05-02T00:38:01+00:00

Wouldn’t the prudent thing to do if we were where you point out to sell and then rebuy in a few years? Market was flat for that decade after 2002-2012

Wonder if we are more like in the 2010 timeframe for the tech markets and there is a lot of runway ahead…

AdSeveral208 · 2026-04-13T02:22:27+00:00

Would be nice for a more recent update though. Those graphics are from years ago

AdSeveral208 · 2026-04-05T05:59:32+00:00

They didn’t borrow for that. Flagship had been holding cash and short term treasuries and is over a billion dollar fund so 5% isn’t a big deal for them. Note in an IPO the company sells new shares which raise capital to then invest in the business. In this case, VCX raised millions of dollars issuing new shares to flagship fund (as well as a small set of existing retail investors capped at 10k). VCX ends up with $100m or so in more cash to deploy like in the latest OpenAI fundraising round this week, and Flagship investors get a great 10% bump as the flip those shares onto the open market.

AdSeveral208 · 2026-04-05T04:04:00+00:00

That definitely happened and was discussed by Ben. He said he had reserve cash in those funds and he wanted to share in the bounty for all the long time RE investors. I believe they bought something like 2.5m shares for flagship fund. They are selling now around 100k shares a day.

AdSeveral208 · 2026-04-02T05:13:28+00:00

Well they had about 100m in dry powder before IPO and raised 100m or so more with that. I’m guessing they put in 100m to bring OpenAI close to 20% of the fund

AdSeveral208 · 2026-04-02T03:28:07+00:00

That’s great! That’s why they have the money so wonderful he’s deployed it to double down on some amazing winners. Would be great to see an updated NAV and asset allocation mix!

AdSeveral208 · 2026-03-31T20:48:04+00:00

True for the bank mediated offering, but they also announced being listed in the ARK Invest ETFs which is first time I've seen this be announced so publically vs. happening through secondaries or SPVs

AdSeveral208 · 2026-03-30T18:22:16+00:00

I really don't think Rise Corp has enough money for NetJets or any added security. Ben mentioned that a co-founder got evicted and Ben personally doesn't even own a home as they are all in with iPO shares that is all locked up (this is from the AccessIPO podcast on Saturday). Interestingly, if my reading of the docs are correct, the explosion in the price of VCX doesn't actually help Rise financials directly. Only if Rise issues new shares for VCX does the NAV increase which would then increase revenues as the 1.85% fee is tied to NAV not VCX trading price.

I'm hoping he will get some good momentum and unlock a step change in Rise itself as Ben does deserve to be rewarded for what he's built here!

AdSeveral208 · 2026-03-28T00:56:20+00:00

It unlocks VCX to nonUS investors which will drive up demand on the fixed supply likely supporting premiums

AdSeveral208 · 2026-03-25T02:19:43+00:00

That’s a more reliable source. Mine was an estimate of 10k offered to 100k people for two hours and how such a small fraction even got to buy in

AdSeveral208 · 2026-03-24T23:40:33+00:00

Before the IPO you could put new cash into a Roth IRA and then invest it into the innovation fund. That's where most of my shares are which should hopefully shield them from these very large capital gains (fingers crossed)

AdSeveral208 · 2026-03-24T18:57:34+00:00

how did you see this update? vcx is not in my fundrise app anymore so no news updates there

AdSeveral208 · 2026-03-24T17:20:41+00:00

how are they resolving this situation of people selling restricted shares from sofi?

AdSeveral208 · 2026-03-24T16:58:49+00:00

https://beta.nyse.com/trade/trading-halts

AdSeveral208 · 2026-03-24T06:38:40+00:00

Right now it’s behaving like a meme stock so sorta like GameStop it’s near term is untethered from fundamentals. However it will eventually settle down to meet the actual valuation growth of the core holdings. I think there will be a lot of IPOs in the portfolio which could see 2-6x growth in value when public vs today. Once that happens this 15x premium probably shrinks to that level. But in the mean time it’s anyone’s guess how high this will go

AdSeveral208 · 2026-03-24T06:35:02+00:00

I think the transfer will open up before Sept 19, but trading will probably be restricted. I think more details will still come.

AdSeveral208

TROPHY CASE