The Sixty-Nine Days · claim L9

Being chased: the retail-liquidity pipeline. Sohail Prasad co-founded Forge Global, a marketplace for selling private-company shares, then founded Destiny Tech100 to route retail brokerage money into those same shares. On August 13, 2026, the day Destiny wired $150 million into OpenAI exposure, Robinhood listed a second closed-end fund, RVII, built to put retail money into Y Combinator startups. Prasad went through Y Combinator's summer 2012 batch, per TechCrunch; Altman, a founder in YC's first batch in 2005, became its president in February 2014, per Y Combinator's own announcement, and Forge launched that year. An earlier version of this page said Altman ran YC when Prasad's company went through it; that was wrong and is corrected here. RVII's prospectus, effective August 12, says it will invest primarily in Y Combinator companies, charges 2 percent of net assets and 20 percent of gains, may buy into third-party special purpose vehicles including by purchasing other investors' existing stakes, and is sold in part through TradePMR's advisor channel. It names no OpenAI holding; OpenAI appears once, in a list of Y Combinator alumni. Listed vehicles holding OpenAI for retail buyers now include DXYZ, Neostellar, and the ARK Venture fund. Destiny's own chief executive bought $1.77 million of the fund in early September [M18], which is not what a person unloading a bad position does. Whether this is one pipeline or several firms noticing the same demand is what we are chasing; the shared day and the shared network are documented, the coordination is not, and the RVII prospectus is evidence against RVII being an OpenAI conduit at all.