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I spoke with @ankurnagpal to break down how retail investors can now access private markets like OpenAI, Anthropic, and SpaceX for as little as $500, the controversy around USVC's Anduril investment, the fund's portfolio strategy, QSBS, tax alpha, and what it means to build wealth in America. YouTube: https://t.co/ZbcaUvTSYR Apple: https://t.co/ALCRo7sQBo Spotify: https://t.co/kD62qzJQZD TIMESTAMPS: 0:00 - Intro 1:07 - The case for & against private market investing 9:27 - Inside USVC's fund structure (open to anyone with $500) 12:59 - What's in the USVC portfolio right now 14:44 - The Anduril SPV controversy explained 19:38 - Buying out LP stakes in venture funds 23:42 - Private markets vs S&P 25:34 - Lessons from AngelList's data on portfolio construction 30:44 - Why AI is no longer just a category & due diligence 34:16 - Biggest risks & tax alpha with USVC 39:22 - Sticking to the plan amid market change 40:43 - Working with Naval and what America means to Ankur