Fundrise Innovation Fund: A Cautionary Tale
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Investors rushed to Fundrises new Innovation Fund, hoping for a slice of hot startups like SpaceX and OpenAI. Shares skyrocketed to $600, a 1200% premium over NAV, but crashed 45% after a Citron Research report. This closed-end funds high fees and liquidity risks led to significant losses for many investors, highlighting the dangers of private market access and the benefits of sticking to proven public market options.
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