DXYZ: Major Crash Incoming [WARNING]
Destiny Tech 100 is a closed-end fund of private companies that recently became available to the public via DXYZ stock. The problem? Shares are massively overvalued at a premium of over 2,000% to net asset value (NAV) at the time of recording.
DXYZ promises investors exposure to exciting startups like SpaceX or Stripe. However, the valuation means we wouldn't touch this fund with someone else's 10-foot pole. In fact, most venture capital funds actually trade at a discount to NAV, not a premium. We'll explore some other alternatives if you're looking to get SpaceX exposure at a more reasonable price.
RESEARCH PIECES USED IN THIS VIDEO:
1. Investing in Publicly Traded Venture Capital Funds
https://www.nanalyze.com/2020/03/inve...
2. Four UK Venture Capital Stocks
• Four UK Venture Capital Stocks
3. ARK's Venture Fund
• About ARK's New Venture Fund
CHAPTERS:
00:00 Intro
01:02 Why do investors love SpaceX?
02:15 Why we're covering DXYZ
04:00 About Destiny Tech 100
06:07 The founders
07:28 Performance
09:30 Investing in private equity
10:13 Other ways to invest in SpaceX
11:44 The Star Wars bit
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