The Rules for Early and Pre IPO Investors

Robinhood's DPI is the rate of return on dollars returned. When you have a 5 to 10 DPI and you've returned that much cash on cash, people return your calls. The higher your DPI, now your I-R-R is what matters. So, again, we consistently try and return capital. That is our job. We distribute at market. For me, what are the rules for early and pre IPO investors? Six months. You basically give them pre IPO shares. They're free trading. Day one gives them their shares. They can either hold them and give them to their kids. It's not our job.