The Spaventa Playbook: How Pre-IPO Access Funds Became the SEC's Top Fraud Priority
The SEC charged Andrew Spaventa for a $74M pre-IPO fund fraud built on hidden markups averaging 46% above cost and 100-plus unregistered cold-callers.
How to Spot a Pre-IPO Share Markup Scheme Before You Wire Money
TL;DR: The SEC's August 2026 complaint against Andrew Spaventa and his three entities (The Spaventa Group LLC, TSG Capital Advisors LLC, and TSG Alpha Partners LLC) describes a $74 million boiler-room
Destiny Tech100 (DXYZ) Review 2026
TL;DR: Destiny Tech100 (NYSE: DXYZ) lets you buy into SpaceX, OpenAI, and Anthropic through a regular brokerage account with no accreditation required. That access is real. As of May 2026, the fund's
SEC Charges Spaventa and TSG Entities Over $74 Million Pre-IPO Markup Scheme: What Investors Should Learn
The SEC charged Andrew Spaventa and three companies he controlled, The Spaventa Group LLC, TSG Capital Advisors LLC, and TSG Alpha Partners LLC, with fraud on August 14, 2026, alleging a scheme that...
Hiive Review 2026: What This Pre-IPO Marketplace Actually Costs
Hiive is a FINRA-registered broker-dealer that runs a live order book for buying and selling shares in pre-IPO companies like SpaceX, Anthropic, and OpenAI. My verdict after digging through its Form...
Pershing Square Ventures: Ackman's New Evergreen Fund Has a Liquidity Problem
TL;DR: Bill Ackman's Pershing Square disclosed to shareholders around August 13, 2026 that it is launching Pershing Square Ventures Ltd., a new evergreen fund targeting pre-IPO AI and biotech...
EquityZen Review 2026: Fees, Track Record, and Real Risk
Bottom line: EquityZen is a legitimate, SEC-registered broker-dealer marketplace that lets accredited investors buy exposure to pre-IPO companies like SpaceX, OpenAI, and Stripe through single-purpose vehicles, with...
137 Ventures Just Raised $700 Million to Bet Bigger on SpaceX. Here's the Risk Retail Investors Miss
137 Ventures just closed more than $700 million across two new funds , pushing its total assets under management past $15 billion. The firm now owns over 1% of SpaceX, a position founder Justin...
Nasdaq Private Market (NPM) Review 2026: Infrastructure, Not a Marketplace
TL;DR: Nasdaq Private Market (NPM) is not a marketplace you browse for pre-IPO stock. It is tender-offer infrastructure that companies hire to run their own liquidity programs, and NPM says it
Linqto Review 2026: What Happened
TL;DR: Linqto marketed itself as the easy way to own SpaceX, Ripple, and Anthropic before they went public. In March 2025 it froze customer redemptions, an internal probe found that many customers
Forge Global Review 2026: What Pre-IPO Secondaries Actually Cost You
TL;DR: Forge Global is the largest independent marketplace for trading shares in companies that have not gone public yet. Think pre-IPO stakes in the SpaceXs and Stripes of the world, bought and sold