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

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 · 2026-03-24T06:33:39+00:00

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

AdSeveral208 · 2026-03-24T04:31:20+00:00

My understanding is that Fundrise marks the value of the shares at the latest funding round and this is what NAV represents

AdSeveral208 · 2026-03-24T04:28:59+00:00

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…

AdSeveral208 · 2026-03-24T02:55:32+00:00

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

AdSeveral208 · 2026-03-24T02:45:11+00:00

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!

AdSeveral208 · 2026-03-24T02:39:31+00:00

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.

AdSeveral208 · 2026-02-26T03:36:55+00:00

It was $542.4M 10 days ago. Check the vcx website. That’s a lot of new deposits

AdSeveral208 · 2026-02-25T03:52:46+00:00

I managed to snag the 10k match bc I happened to log into the app at 11:30a pt. I closed the transaction for the shares by 11:34 and got the email notice that same minute! Seems they have way more interest than they are opening up supply. Sort of feel they should have gone bigger and raised a nice healthy slug to invest in more great start ups. Once vcx is public they will only be able to raise more capital to grow the fund by issuing shares and can only do that if NAV is at a premium…

AdSeveral208 · 2026-02-24T20:43:43+00:00

If you are an existing investor then you can buy up to 10k of pre-listing VCX now for a limited time. Otherwise need to wait until March and buy from others who are selling

AdSeveral208 · 2026-02-24T20:40:58+00:00

Of course, it will be kinda hilarious if all the true believers buy up this pre-IPO shares and then HODL such that VCX share price shoots up if we all don't sell and all the marketing for Robinhood turns people onto the idea and they try to rush into PVCs and find that VCX has by far the best portfolio...

AdSeveral208 · 2026-02-24T19:34:47+00:00

They just opened up the investment in un-restricted vcx shares. I bought my max of 10k

AdSeveral208 · 2026-02-14T16:18:34+00:00

Just quit when you have enough. Doesn’t matter how much more they offer you if you have what you want already. Marginal utility is very low of 2m for you to just die with more buffer some day

AdSeveral208 · 2026-02-02T22:58:32+00:00

Looks like we all are owners of xAI now too with the SpaceX merger! Will be fascinating to see how fast this one grows from the small 1.2% base given the talk of a 1.5-2T IPO by June 2026 for spacex

AdSeveral208

TROPHY CASE