Destiny Tech100 ETF - DXYZ Holdings | SpaceX, Open AI, Discord, Instacart & More

StocksOnTheGo
30 Mar 202407:36

TLDRIn this video, Mr. Stocks discusses the newly IPO'd Destiny XYZ ETF, an investment opportunity allowing retail investors to access privately listed companies. The CEO, Sahal Prad, shares insights on the ETF's formation and its mission to empower individuals through technology and AI by providing pre-IPO investment opportunities in top private tech companies. Challenges in bridging public and private sectors are highlighted, with regulatory hurdles being a significant obstacle. The Destiny Tech 100 ETF aims to be a portfolio of the top 100 private tech companies, with companies like SpaceX and OpenAI already included.

Takeaways

  • 🚀 Destiny XYZ is a new ETF that offers retail investors the opportunity to invest in privately listed companies, which was not possible before.
  • 🎓 Sahal Prad is the CEO and Executive Chairman of Destiny XYZ, with a strong background in founding and leading companies, including Forge (NYSE: FRGE).
  • 🧠 Prad's vision for Destiny is to democratize access to top private tech companies, allowing everyday investors to participate in their growth before they go public.
  • 🌟 The mission of Destiny is to empower individuals through technology and AI, by providing access to impactful private companies like SpaceX and OpenAI.
  • 🚧 One of the main challenges Destiny faces is navigating regulatory hurdles to bridge the gap between private companies and public investment opportunities.
  • 🔍 The company has been working with the SEC for four years to get their first fund, the Destiny Tech 100, approved as a regulated, registered, and listed product.
  • 📈 The Destiny Tech 100 aims to be a portfolio of the top 100 private tech companies, offering investors a diversified exposure to the sector.
  • 🌐 The branding of Destiny (DXYZ) symbolizes the future of both private and public markets, with XYZ representing a futuristic and innovative approach.
  • 💡 Companies in Destiny's portfolio include notable names like SpaceX, OpenAI, and Epic Games, among other late-stage venture-backed firms.
  • 📊 Investors who have already started investing in the Destiny Tech 100 ETF have seen significant returns, with some up to 100%.
  • 💡 The video encourages viewers to stay invested and focused on building generational wealth through smart investment choices.

Q & A

  • What is the main topic of the video?

    -The main topic of the video is Destiny XYZ, a new ETF that offers retail investors the opportunity to invest in privately listed companies.

  • Who is the CEO of Destiny XYZ?

    -The CEO of Destiny XYZ is Sahal Prad, who is also the executive chairman.

  • What was Sahal Prad's previous notable venture before Destiny XYZ?

    -Before founding Destiny XYZ, Sahal Prad founded and served as CEO of Forge, a public private security marketplace listed on the New York Stock Exchange.

  • What makes Sahal Prad a credible figure in the startup and investment community?

    -Sahal Prad is considered credible due to his experience as a founder, serving as the CEO of a listed company, and being an advisor and investor in over 200 startups, including notable ones like Repelling Ry, Notion, Retool, VI Mercury, and Superhuman.

  • What was the inspiration behind creating Destiny XYZ?

    -The inspiration behind Destiny XYZ came from a personal experience where Sahal Prad's father asked him for investment advice, which led to the realization that there wasn't a single place where people could invest in top private companies through their brokerage apps.

  • What is the mission of Destiny XYZ?

    -The mission of Destiny XYZ is to empower individuals by giving everyday investors the ability to invest in top private companies before they go public, impacting their daily lives.

  • What has been one of the biggest challenges for Destiny XYZ?

    -One of the biggest challenges for Destiny XYZ has been the regulatory aspect, as it involves bridging the gap between private companies, public markets, and VCs, while working with the SEC to get their fund approved.

  • What does the branding 'DXYZ' represent for Destiny XYZ?

    -DXYZ represents the future for Destiny XYZ, symbolizing the future of private and public markets, and it is also a visually futuristic representation that will appear in people's portfolios.

  • Which companies are included in Destiny XYZ's portfolio?

    -In Destiny XYZ's portfolio, there are companies like SpaceX, Open AI, Epic Games, and other late-stage venture-backed companies.

  • What is the potential return for investors in Destiny XYZ's ETF?

    -The script mentions that some investors have already seen returns of up to 100% from investing in Destiny XYZ's ETF.

  • What advice does the video creator give to viewers regarding investing in Destiny XYZ's ETF?

    -The video creator advises viewers to do their own due diligence before buying any ETF or stock and to not consider the video as financial advice, but rather as informative content.

Outlines

00:00

📈 Introduction to Destiny XYZ ETF with CEO Sahal Prad

This paragraph introduces the video's focus on Destiny XYZ, a new ETF that offers retail investors the opportunity to invest in privately listed companies. The speaker, Mr. Stocks, expresses his interest in knowing about the CEO of Destiny XYZ, Sahal Prad, and his credentials, which influence the speaker's investment decisions. Sahal Prad is identified as the executive chairman and co-founder of the company, with a background that includes founding Forge, a company listed on the New York Stock Exchange, and advising over 200 startups. The speaker also mentions a promotion for viewers to support the channel through Well Simple Trade and Momu Canada, emphasizing that the content is not financial advice and urging viewers to do their own due diligence before investing.

05:00

🚀 Destiny's Mission and Challenges in Private Tech Markets

In this paragraph, the speaker engages in a discussion with Sahal Prad about Destiny XYZ's mission to empower individuals through technology and AI by providing access to top private companies before they go public. Prad shares the genesis of Destiny, which was inspired by the lack of a platform for everyday investors to access top companies like SpaceX and Open AI. The conversation delves into the challenges Destiny faces in bridging the gap between the public and private sectors, particularly the regulatory hurdles of creating a regulated, registered, and listed product that holds private companies. Destiny's branding is also discussed, with the initials DXYZ representing the future of private and public markets. Prad provides examples of companies in Destiny's portfolio, including SpaceX, Open AI, and Epic Games, highlighting the potential for significant returns as some investors have already seen their investments double.

Mindmap

Keywords

💡Destiny XYZ

Destiny XYZ is the central focus of the video, referring to a newly launched ETF (Exchange Traded Fund) that provides retail investors with the opportunity to invest in privately listed companies. This is significant because traditionally, private companies have not been accessible to the general public for investment. The video discusses the potential of this ETF and its role in democratizing investment opportunities.

💡ETF (Exchange Traded Fund)

An ETF, or Exchange Traded Fund, is a type of investment fund and exchange-traded product that holds a collection of stocks or other assets, but can be bought and sold on a stock exchange like individual shares. In the context of the video, Destiny XYZ is an ETF that allows retail investors to gain exposure to the private tech market, which is typically reserved for institutional investors or high-net-worth individuals.

💡IPO (Initial Public Offering)

An Initial Public Offering (IPO) is the first sale of stock by a company to the public. In the video, the focus is on the opportunity for investors to invest in private companies before they undergo an IPO, which is a significant event that can lead to substantial returns for early investors.

💡Retail Investors

Retail investors are individual, non-professional investors who buy and sell securities for their personal accounts, as opposed to institutional investors like banks, mutual funds, and pension funds. The video emphasizes the opportunity for retail investors to participate in the private tech market, which is typically not accessible to them.

💡Private Companies

Private companies are businesses that have not sold control of the company to the public through a public offering. They are not required to file reports with the Securities and Exchange Commission (SEC) and are not traded on public stock exchanges. The video discusses the unique opportunity for investors to gain exposure to the private market through the Destiny XYZ ETF.

💡Sahal Prad

Sahal Prad is the CEO and Executive Chairman of Destiny XYZ Inc. He is a key figure in the video, as his leadership and credentials are crucial for understanding the trustworthiness and potential of the Destiny XYZ ETF. His background includes founding Forge and being a seed investor in notable startups.

💡Forge

Forge is a public private security marketplace building trading, custody, and data infrastructure. It was founded by Sahal Prad, the CEO of Destiny XYZ, and is listed on the New York Stock Exchange. The mention of Forge in the video serves to establish Prad's credibility and experience in the financial technology sector.

💡Y Combinator

Y Combinator is a startup accelerator that provides seed money, advice, and resources to early-stage startups. In the video, it is mentioned as part of Sahal Prad's background, highlighting his early success and connection to the tech startup ecosystem.

💡Theal Foundation

The Theal Foundation is an organization that supports entrepreneurs and innovators. Sahal Prad was named a Theal Fellow by the foundation, which is an indication of his recognition and support within the entrepreneurial community.

💡Seed Investor

A seed investor is someone who provides the initial funding for a startup company or project. In the context of the video, Sahal Prad's role as a seed investor in notable startups like Replit, Notion, and others demonstrates his experience and insight in identifying and supporting promising early-stage companies.

💡Destiny Tech 100

The Destiny Tech 100 is the portfolio of the top 100 private tech companies that Destiny XYZ aims to provide access to through its ETF. This portfolio represents a diverse range of innovative companies that are impacting daily life and have the potential for significant growth.

💡Regulatory Challenges

Regulatory challenges refer to the difficulties and hurdles faced when dealing with government regulations and laws. In the context of the video, Destiny XYZ had to work with the SEC to get their fund approved, which involved navigating the complex landscape of regulations that govern private and public investments.

Highlights

The introduction of Destiny XYZ, a new ETF that offers retail investors the opportunity to invest in privately listed companies.

The significance of this ETF as it's the first of its kind, marking a new era for retail investors to access private tech markets.

The CEO of Destiny XYZ, Sahal Prad, who is also the executive chairman and has a strong background in the tech industry.

Sahal Prad's previous experience as the founder and CEO of Forge, a public private security marketplace listed on the New York Stock Exchange.

Prad's recognition as one of the youngest founders to go through Y Combinator and being named a Thiel Fellow by the Thiel Foundation.

His involvement in advising and investing in over 200 startups, including notable names like Replit, Notion, and Superhuman.

The mission of Destiny XYZ to empower individuals through technology and AI by providing access to top private companies before they go public.

The challenge Destiny faces in bridging the gap between public and private sectors, particularly the regulatory hurdles.

The strategic choice of the company's branding, DXYZ, symbolizing the future of private and public markets.

The inclusion of high-profile companies like SpaceX, OpenAI, and Epic Games in Destiny's portfolio.

The potential for significant returns, as some investors have already seen their investments double with Destiny Tech 100 ETF.

The call to action for viewers to share their thoughts on the Destiny Tech 100 ETF and their investment plans.

The emphasis on due diligence before investing in any ETF or stock, highlighting the importance of individual research.

The mention of partnerships with Well Simple Trade and Wealthsimple Trade, offering incentives for new investors.

The personal connection to the creation of Destiny XYZ, inspired by the founder's father's question about investing in top companies.

The impact of Destiny XYZ on democratizing access to private tech markets and its potential to shape the future of investment.

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