- Joel Shulman begins developing the 15-Factor Entrepreneur Model while studying at Harvard University.
At ERShares, we are redefining investing by opening access to private equity, historically limited to institutional and high-net-worth investors.
XOVR offers convenient, indirect exposure to SpaceX at the fund’s net asset value (NAV), unlike closed-end funds whose shares may trade at a high premium. Relaunched on NASDAQ on August 29, 2024, XOVR represents the future of investing by seamlessly blending public and private equities in a single, liquid fund. We’re proud to lead this movement, making private equity accessible to all and investing in the entrepreneurial companies shaping tomorrow.
Innovative Entrepreneurship moves at a rapid pace and only the most capable leaders survive. Entrepreneurs typically provide the difference between success and failure and wealth creation versus wealth destruction. This holds true throughout the world irrespective of technology or market timing. At ERShares, we apply our proprietary methodology and global investment research to invest in the most innovative and entrepreneurial stocks.
We take pride in our ability to discover strong, entrepreneurial stocks, in some cases, long before they become household names. We continue to apply the most sophisticated algorithms in unlocking extraordinary global investment opportunities. Will some become the next Apple or Amazon? No one can predict such things. However, we have confidence that if another company reaches a $1 trillion+ market cap, it is likely to be an entrepreneurial company with exceptional growth.
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ERShares' Private-Public Crossover ETF (XOVR) has become the first ETF to provide investors exposure at the IPO stage. This milestone - historically reserved for venture capital, insiders, and institutions - was illustrated with Klarna's recent IPO.
XOVR was relaunched on August 30, 2024, when ERShares combined its proprietary Entrepreneur 30 Total Return Index (ER30TR) with selective private equity exposure, building a structure designed to capture growth opportunities across both the public and private markets.
Expanding Access to the IPO Stage
Traditionally, ETFs only gave investors access to companies after they became public. By incorporating Klarna shares ahead of its IPO, XOVR demonstrated that exposure to the private-to-public transition can be delivered within a regulated, liquid framework.
Eva Ados, COO and Chief Investment Strategist at ERShares:
"It's time retail investors finally get a seat at the IPO table. For too long, this dynamic stage of growth has been reserved for institutions and insiders only. With Klarna, XOVR demonstrated that the gap can be narrowed - offering everyday investors exposure at the same point insiders participate. Markets are at a turning point, and we believe the opportunity to expand private equity exposure has never been more compelling."
Joel Shulman, Founder and CIO of ERShares:
"XOVR is not just another ETF - it's a breakthrough. We anchor in the ER30TR Index to capture leading-edge public innovators, while our private equity allocation is designed to extend access to opportunities that retail investors have historically been shut out of."
He continued:
"Much of today's wealth creation occurs before the opening bell ever rings. We believe XOVR helps break down that barrier and opens the door for everyday investors to participate in growth across the full cycle - private and public - all in one ETF, with daily liquidity."
Fund Risks can include and are not limited to: Absence of Prior Active Market Risk, Management Risk, New ETF Provider, Common Stock Risk, Market Risk, Concentration Risk, American Depositary Receipts, Early Closing Risk, Exchange Trade Fund Risk, Private Equity Investment Risk, Illiquidity Risk, Valuation Risk, Exit Strategy Risk.
Distributed by Foreside Financial Services, LLC
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