Keep pulling the thread on Ben.
The Fundrise Innovation Fund (VCX) went public at a valuation of approximately $700 million.
The valuation of the Fundrise Innovation Fund (VCX) increased from $700 million at its IPO to $6.5 billion within three days, a 9.5x increase.
The weighted average growth rate of the VCX fund's portfolio was 193% last year, compared to 25% for public tech companies.
Ben predicts that within 10 years, the average American investor will allocate 5% of their portfolio to public venture capital.
As of February 15, 2026, the VCX fund's largest holdings by allocation are Anthropic (20%), Databricks (17%), and OpenAI (10%).
Ben predicts that most mega-funds, such as Andreessen Horowitz, will eventually go public to monetize their partnerships.
According to PitchBook data, 40% of unicorn startups have not raised a new funding round in over three years.
Ben predicts that within five years, AI will displace or suppress 20% to 30% of white-collar jobs.
Fundrise has reduced its headcount from 350 to 200 people due to efficiencies gained from implementing AI.
The Fundrise Innovation Fund (VCX) had approximately 100,000 investors at the time of its public listing.
Ben believes "universal basic ownership" of AI and technology is the solution to societal challenges, contrasting it with the "horrible idea" of universal basic income.
The VCX fund's portfolio value increased by 65% in the 12 months prior to its public listing.