Robinhood this week unveiled a financial instrument that lets anyone feel like they, too, can make money by backing Y Combinator startups. Robinhood Venture Fund II (RVII) is expected to become a publicly traded fund on August 13 at an opening price of $25 per share. The fund intends to raise as much as $200 million, Reuters reports , and use that money to invest in startups founded by current and former Y Combinator participants, should those startups agree to sell their shares. While any reta…
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