Sounds like an ETF that invests in private companies. I don't see a big deal. It's not much different than NYSE:GLD. If people feel that it's a poor investmen

Sounds like an ETF that invests in private companies. I don't see a big deal. It's not much different than NYSE:GLD. If people feel that it's a poor investment strategy they don't need to invest in it. This whole model is probably a phenomenal way to get public money into a private company and avoid all that regulatory BS that public companies need to go through. (Note: If you think the regulations are great then just avoid investing in this kind of company)