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== Market<ref name=":0" /> == === A new private market === Whereas startup investing used to be limited only to millionaires and institutions, since 2016, private investing has moved online at an unprecedented rate, expanding to more than $30B in deal and trading volume annually into pre-seed through pre-IPO companies. Retail investors on online private markets like Republic represent a significant portion of this growing investor base. These platforms hosted more than 1,000,000 individual investors in 2020, and are experiencing a surge of attention following the recent increase in fundraising limits. [[File:41447-1621344461-a2d5e35ebf8e77e9289f2b7b19894f32e6c96783.png]]
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