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This week on the kingscrowd podcast, Brian Belley and Scott Kitun break down Robinhood’s proposed NYSE-traded venture fund—how it differs from interval funds, why it could trade at a premium/discount to NAV, and what this might unlock (or disrupt) for retail investors. Then, Teddy Lyons joins to cover an acquisition update: Healthcare Originals (HCO) acquiring Imago Rehab, what the combo could mean for commercialization, and how deals like this may foreshadow more portfolio consolidation.
In this episode:
Robinhood’s proposed exchange-traded venture vehicle (ticker noted as “RVI” in the discussion), how NAV works, and why daily trading could matter for retail
Interval funds vs. tickers: liquidity, pricing mechanics, and investor fit
Tokenization momentum vs. actual trading/liquidity (why rails ≠ markets… yet)
Investment crowdfunding week (ICW25): Sept 29–Oct 2 — founders meet capital, investors meet opportunity
Clip: Michael Collins (Alumni Ventures) on where retail capital fits
Scott’s counterpoint: why late-stage/pre-IPO may be the safer retail lane
Deal update: HCO acquires Imago Rehab (tele-rehab + wearable) — potential synergies, structure, and what to watch next
02:54 Scott: Why this could be a big shift for retail (and for other platforms)
06:55 NAV updates, premiums/discounts, and why liquidity matters
08:53 Tokenization rails vs. real trading; where things actually stand
09:45 ICW25 preview (Sept 29–Oct 2): founders, investors, platforms, sessions
12:12 Clip: Michael Collins (Alumni Ventures) on retail’s role (pre-seed/seed)
13:13 Scott’s counterpoint: late-stage/pre-IPO may be the better retail lane
16:30 Transition to deal news — Teddy joins
17:09 Teddy intro (and a playful Taylor Swift aside)
17:52 Deal update: Healthcare Originals acquires Imago Rehab (stroke rehab + wearable/telehealth)
20:45 Why the combo could accelerate commercialization and RPM distribution
22:40 How the acquisition appears structured; lead-VC dynamics; live raises
24:18 Scott: Expect more portfolio consolidations and roll-ups ahead
26:15 Future topic teaser: follow-ons vs. spreading bets
26:54 Wrap + ICW25 reminder (kingscrowd.com/icw25)