Destiny Tech100 ETF DXYZ | Invest In SpaceX, Open Ai, Discord & More ✅
TLDRIn this video, the host, Mr. Stocks, discusses the Destiny Tech 100, a closed-end management investment company offering access to top venture-backed private tech companies like SpaceX and OpenAI. He highlights the ETF's selectivity based on health metrics and maturity, aiming to provide stability and diversification for retail investors. The video also introduces the Mumu Canada app as a platform to access this ETF and explores the challenges and strategies of creating an index in the private market.
Takeaways
- 📈 The video discusses 'hot stocks' and highlights a weekly segment focusing on investment opportunities.
- 🎥 The host, Mr. Stocks, appreciates the positive response from viewers and plans to continue the segment.
- 💡 The video introduces the Destiny Tech 100, a closed-end management investment company targeting top venture-backed private tech companies.
- 🚀 Companies like OpenAI and SpaceX are mentioned as part of the investment portfolio, offering retail investors access to private market leaders.
- 🌟 The ETF aims to provide diversification by including mature and stable late-stage venture-backed companies.
- 📊 Inclusion in the Destiny Tech 100 requires meeting specific health metrics and being vetted by top US institutional investors.
- 🔍 The ETF's portfolio construction is in progress, with the value and holdings subject to change as more companies are added.
- 🔗 The video encourages viewers to check the link in the description for the Mumu Canada app, a new investment platform available in Canada.
- 📈 The ETF trades on the New York Stock Exchange under the ticker symbol DXYZ, but may not be available on all platforms.
- 🛠 The video discusses the challenges of creating an index fund in the private markets due to liquidity issues and the inefficiencies of forced buying and selling.
- 📊 The host plans to release a more in-depth video on the Destiny Tech 100 ETF in the future.
Q & A
What is the main topic of the video?
-The main topic of the video is about discussing the 'Destiny Tech 100', a closed-end management investment company that intends to invest in a portfolio of top 100 venture-backed private technology companies.
How often does Mr. Stocks release these types of videos?
-Mr. Stocks mentions that he is putting out these videos once every week.
What is Mumu Canada, as mentioned in the video?
-Mumu Canada is a new investment platform that has been a dominant brokerage in the United States for years and has recently expanded to Canada.
What does the Destiny Tech 100 ETF offer to everyday investors?
-The Destiny Tech 100 ETF offers everyday investors access to top venture-backed private technology companies that they might have only heard of and typically wouldn't have access to as retail investors.
What are the eligibility criteria for companies to be included in the Destiny Tech 100 portfolio?
-To be eligible for inclusion, companies must have been vetted by top US institutional investors, meet key health metrics, and generally have reached a level of maturity and stability expected of late-stage venture-backed companies.
How does the Destiny Tech 100 ETF handle the challenge of creating an index in the private markets?
-The ETF combines a set of inclusion and eligibility criteria with a committee that further decides on the inclusion of companies, similar to how the S&P 500 is managed, to address the challenge of creating an index in the private markets with limited liquidity.
What types of metrics does the Destiny Tech 100 ETF consider when evaluating companies for its portfolio?
-The ETF considers a dozen metrics including company growth rate, addressable market size, asset light versus asset heavy business models, executive turnover, and execution in the secondary markets.
How does the Destiny Tech 100 ETF acquire its holdings?
-The ETF participates in companies' primary rounds, series C, D, EFG, and so on, does secondary purchases from founders, management teams, employees, early investors, and buys on the open market through places like Forge to provide the best execution for the fund and end investors.
Which companies are currently in the Destiny Tech 100 portfolio?
-Some of the companies in the portfolio include SpaceX, Axiom Space, Boom Supersonic, Epic Games, OpenAI, Revolt, Class Dojo, and Instacart, among others.
What is Mr. Stocks' personal perspective on the Destiny Tech 100 ETF?
-Mr. Stocks views the Destiny Tech 100 ETF as a great opportunity for retail investors to diversify their investments and gain access to high-growth venture-backed startups that are typically not available to them.
What does Mr. Stocks plan to do in relation to the Destiny Tech 100 ETF in the future?
-Mr. Stocks plans to do a more in-depth video on the Destiny Tech 100 ETF in the future to further discuss and analyze its offerings and potential impact on retail investors.
Outlines
🎥 Introduction and Mumu Canada App
The video begins with the host, Mr. Stocks, greeting the audience and introducing the 'Hot Stocks of the Day' segment. He mentions that he is now posting videos weekly and encourages viewers to like and subscribe for updates. The host also highlights the success of previous videos and provides information about the Mumu Canada app, a new investment platform that has been popular in the United States and recently launched in Canada. He suggests that viewers check out the app and other related videos on his channel for guidance on opening an account. The focus then shifts to discussing the Destiny Tech 100, a closed-end management investment company that offers everyday investors access to top venture-backed private tech companies, such as Open AI and SpaceX. The host expresses his enthusiasm for the opportunity to invest in these private market leaders and invites viewers to share their thoughts in the comments section.
📈 Challenges and Strategies in Private Market Investing
In this paragraph, the host delves into the challenges of creating an index fund in the private markets due to limited liquidity. He explains the issues of becoming a forced buyer when company valuations increase and a forced seller when they decrease, leading to inefficiencies. The host then discusses the strategy employed by the Destiny Tech 100, which combines elements of both passive and active fund management. The companies eligible for inclusion in the fund must meet a set of five criteria to ensure they are high-growth venture-backed startups. If a company passes the initial filter, it may still be manually included by an investment committee. The host also talks about the metrics used to evaluate companies, such as growth rate, market size, and executive turnover. He explains the fund's approach to participating in primary and secondary rounds and purchasing on the open market to achieve the best execution for investors. The video then transitions to discussing the current holdings in the Destiny Tech 100 portfolio, which includes notable companies like SpaceX, Axiom Space, Boom Supersonic, Epic Games, OpenAI, Revolt, and Class Dojo. The host encourages viewers to explore these companies and consider if the portfolio aligns with their investment interests.
Mindmap
Keywords
💡hot stocks
💡YouTube
💡Mumu Canada
💡Destiny Tech 100
💡ETF (Exchange-Traded Fund)
💡venture capital
💡private markets
💡liquidity
💡portfolio construction
💡secondary markets
💡generational wealth
Highlights
The video discusses hot stocks and introduces a weekly segment to keep viewers updated.
The Destiny Tech 100 is a closed-end management investment company that aims to invest in top venture-backed private technology companies.
This provides everyday investors access to private market leaders, including companies like Open AI and SpaceX, which are not typically accessible to retail investors.
To be eligible for inclusion in the Destiny Tech 100, companies must be vetted by top US institutional investors and meet key health metrics.
The companies in the portfolio are expected to have reached a level of maturity and stability expected of late-stage venture-backed companies.
The ETF aims to provide a diversified investment approach for retail investors interested in high-growth venture-backed startups.
The Destiny Tech 100 common stock trades on the New York Stock Exchange under the ticker symbol DXYZ.
The video mentions that the ETF is not yet available on many platforms, but access can be gained through signing up with MUMU Canada.
The portfolio construction is in progress, with the value changing as more companies are added.
The current holdings in the portfolio include notable companies such as SpaceX, Axiom Space, Boom Supersonic, Epic Games, Open AI, Revolt, Class Dojo, and more.
The video creator plans to do a more in-depth analysis of this ETF in a future video.
The video encourages viewers to share their thoughts on the ETF and the companies mentioned in the comment section.
The video promotes the idea of staying invested and building generational wealth.
The video creator, Mr. Stocks, emphasizes not caring about the consequence, highlighting a risk-taking attitude towards investment.