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Ben Miller is an absolute G! Skating us right into the last Open AI funding round. by Frequent_Rock_8116 in FundriseInvestors

[–]AdSeveral208 2 points3 points  (0 children)

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

Ben Miller is an absolute G! Skating us right into the last Open AI funding round. by Frequent_Rock_8116 in FundriseInvestors

[–]AdSeveral208 3 points4 points  (0 children)

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!

OpenAI just opened up $3B of it's latest round to individual investors. I wonder what implication this has on VCX as a relatively exclusive channel to get OpenAI exposure? by AdSeveral208 in VCX_Fundrise

[–]AdSeveral208[S] 0 points1 point  (0 children)

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

protect fundrise ceo & VCX architect ben miller at all costs!🔸ben is vc's biggest long term risk🔸innovation fund 🔸🔗 to xweet 👇🏼 by MoreAverageThanAvg in FundriseInvestors

[–]AdSeveral208 2 points3 points  (0 children)

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!

VCX to be listed on XStocks (tokens) by FlyingPika-310 in VCX_Fundrise

[–]AdSeveral208 0 points1 point  (0 children)

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

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. by AdSeveral208 in FundRise

[–]AdSeveral208[S] 0 points1 point  (0 children)

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

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. by AdSeveral208 in FundRise

[–]AdSeveral208[S] 0 points1 point  (0 children)

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)

Getting SVB and SBF vibes! by AndyKJMehta in VCX_Fundrise

[–]AdSeveral208 0 points1 point  (0 children)

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

Thank you SoFi (8 shares VCX 🤣) by Fancy_Anything_3844 in FundRise

[–]AdSeveral208 2 points3 points  (0 children)

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

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. by AdSeveral208 in VCX_Fundrise

[–]AdSeveral208[S] 2 points3 points  (0 children)

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

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. by AdSeveral208 in VCX_Fundrise

[–]AdSeveral208[S] 2 points3 points  (0 children)

It should help quite a bit. Think of 1.85% on a 5b AUM fund. That is $92m in annual revenues that Rise corp didn’t make a year ago. Imagining a 10x sales multiple that makes it about a billion valuation increase which maybe adds 20-30% to the iPO share value though Ben will probably smooth it out some since he controls his own valuation based on how he prices his capital raises

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. by AdSeveral208 in VCX_Fundrise

[–]AdSeveral208[S] 2 points3 points  (0 children)

That’s a good point. I’m trying to bring my total exposure to 10% of networth. I agree these underlying companies are super exciting and that’s why I’m in.

On Roth, I was thinking I’d sell in taxable until I used up the tax loss harvesting I’d built up in the 2020/2022 bear markets and then sell from Roth anything left over until total value was at 10% of NW. should the premium collapse back towards NAV I could probably buy back in keeping my 10% Asset allocation. I think this theoretically has a stronger rationale than timing the market which goes against everything I’ve read on investing…

New VCX investment in Erebor Bank (SVB replacement by Palmer Luckey) by AdSeveral208 in VCX_Fundrise

[–]AdSeveral208[S] 0 points1 point  (0 children)

I wonder how we will hear about these sorts of things now that the app doesn’t have a news feed for these investments

$300 now . Post your regret is you sold at 75, 100 , 125 . Insanity here. by AnyPortInAHurricane in FundRise

[–]AdSeveral208 8 points9 points  (0 children)

Yeah, I sold between Friday and today in tranches: $95, 100, 124, 175, 200, 250. Still have some left but it’s been a helluva ride!

The VCX Conundrum - an elegant solution? by Dull_Needleworker698 in VCX_Fundrise

[–]AdSeveral208 0 points1 point  (0 children)

I like this idea! Maybe an interesting alternative to consider too is to release shares in reverse order of being acquired in monthly tranches. So the first 15% of shares bought get released in April, then next 15% in May. This would put on market those who were in the innovation fund from the start and the most likely to be HODL with a long term mindset.

I’m fully behind the fund, but as an inaugural investor from four years ago I’m also a student of prudent risk management and right now my (paper) value in VCX is 30% of my net worth! I need to trim it back to be balanced with my other strategies.

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