Robinhood files for second retail venture fund RVII, shifting focus to earlier-stage startups. The new fund aims to democratize access to high-growth private investments, breaking traditional wealth barriers. Its first fund, holding stakes in firms like OpenAI and SpaceX challenger Boom, has seen shares double since March NYSE debut, fueled by AI market enthusiasm. CEO Vlad Tenev highlights the fund's no-minimum, liquid structure as a game-changer for public participation in venture capital.