Former baseball star Alex Rodriguez is putting money into the online brokerage Tornado as the meme-stock frenzy and rise of day trading put a spotlight on services geared toward retail investors.
The $10 million early-stage round, set to be announced Wednesday, is the second for VCP, which Rodriguez founded in May with former Walmart Inc. e-commerce chief Marc Lore. Joining them are Dave Portnoy, the brash founder of Barstool Sports who has become a leading voice among day traders, and Tony Florence from New Enterprise Associates.
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July 21, 2021 at 07:39PM
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A-Rod's Venture Firm Backs Online Brokerage Startup Tornado - Bloomberg
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