Fundrise’s launch of VCX, a $700 million public venture vehicle, marks a strategic shift from real estate to democratized technology investing. CEO Benjamin Miller addresses the massive retail demand evidenced by the fund’s rapid valuation surge to $6.5 billion, offering a liquid, low-cost alternative to traditional "2 and 20" fee structures. The portfolio concentrates on AI and aerospace leaders like Anthropic, SpaceX, and OpenAI, utilizing a $10 minimum entry point to provide individual investors access to late-stage private growth. Beyond capital, Fundrise leverages its 2 million users to drive product adoption for portfolio companies like Ramp. Miller frames this model as "universal basic ownership," arguing that broad public stakes in AI are necessary to prevent extreme wealth concentration as private markets continue to capture the majority of modern economic growth.
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