We create unique financial products for technology founders, retail investors, and institutional allocators navigating a world that's left the old financial playbook behind.
The architecture of global finance has been rewritten:
|
The World Then
1990s
|
The World Now
2026
|
The World to Come
Post-AI
|
|
|---|---|---|---|
| Average time from founding to IPO | ~4 years | 13.5 years | + |
| Global private market capital (AUM) | ~$500B | $13T | ++ |
| Companies with >$100M revenue that stay private | <10% | 87% | ++ |
| 401(k)s able to invest in private markets | No | Yes | Yes |
| Time for a startup to reach $1B in revenue | >20 years | <2 years | — — |
| Share of US wealth held by the top 1% | 31% | 38% | ++ |
The AI era is creating wealth at a speed and scale the world has never seen. But the architecture of modern finance — built around public markets, annual reports, and 20th-century regulation — was designed for a different era.
Companies are staying private longer so founders are sitting on enormous, untouchable paper fortunes. All while retail investors are locked out of the highest-growth decade in financial history. Meanwhile the gap between those inside the room and those outside of it is growing every year.
Rising Tide Management was founded by a team that's spent decades inside that room — managing billions across public and private markets; Wall Street and Silicon Valley; and asset classes from Venture to Private Equity to Real Estate. We built this firm to engineer financial products that bridge the widening gap between private and public, retail and institutional, and the have's and have-not's.
We build these products not because it's easy, but because it's the most important societal problem of our time.
Each product addresses a specific failure in the current financial system — designed for a different audience, but only possible through our singular architecture.
The first ETF that gives everyday investors real exposure to the highest-growth private companies of the AI era and beyond, inside a low-fee, publicly traded fund with daily liquidity.
While the best returns in tech have been locked away behind accreditation walls and $100K minimums, All Hands changes that. A three-fund architecture allows the ETF to hold genuine private company stakes — not derivatives, not proxies — without sacrificing the low fees, simplicity, and liquidity that retail and institutional investors expect from an ETF.
Starting a company means locking up your wealth for a decade or more while taking on immense risk of failure. The EFLF gives exceptional founders a way to access meaningful liquidity from their private company holdings — without losing control, or triggering a taxable event. Perhaps more importantly, it also brings unparalleled downside protection - even in the event your startup fails, your EFLF holdings still retain value.
Think of it as solving the founder's two core financial dilemmas: 1. you've created enormous value on paper, but you can't pay your mortgage with a cap table; while 2. If your company fails you are left with nothing. We've built a structure that solves both of these problems: early liquidity availability coupled with downside protection.
By Series C, your shares may be worth eight figures on paper — but concentrated late-stage stock is a binary bet. One bad down-round can wipe out years of value under layers of liquidation preference.
The ECLF lets exceptional Series C+ founders, executives, and early employees diversify a slice of that position into a pool of 50–75 elite US private companies. At this stage, the math doesn't raise your expected return — it dramatically reduces your chance of losing, converting a concentrated binary risk into a reliable, predictable outcome.
Building a company is the most asymmetric bet most people will ever make — roughly six-in-ten chance of nothing. The EFDPF changes the terms of that bet. Pledge up to 10% of your founder stock to Rising Tide today, and if your company fails within ten years, we pay you back 100% of the pledged value in cash. Your voting rights are returned via proxy — you stay fully in control.
The mathematical exchange is simple: you give up a fixed fraction of your upside on every successful exit, and in return you eliminate the catastrophic zero outcome from your distribution entirely.
Market-making — the business of providing liquidity by quoting both sides of a trade and earning the spread — is one of the most consistently profitable businesses ever built. Jane Street, Citadel Securities, and Virtu have generated over $35 billion in annual net trading revenue doing it in public markets.
The Rising Tide Liquidity Fund does it in a place they can't: the gap between public and private market pricing. A closed-end fund for accredited investors offering returns uncorrelated with both public equity and private equity performance, The Liquidity Fund brings the predictable returns of market-making but with exposure to volatility across markets that was previously never possible.
The hardest part of building a new financial product isn't having the idea — it's having the infrastructure, regulatory expertise, distribution relationships, and capital access to actually launch it.
The Skunk Works is our internal startup studio and platform for financial product entrepreneurs. If you have a genuinely novel idea for a post-AI financial product and the expertise to build it, we provide the ecosystem — compliance, capital, technology, and market access — to make it real.
We build these products not because it's easy, but because it's the most important societal problem of our time.
"Throughout history, extreme inequality has been one of the most reliable predictors of societal collapse. When the gap between elites and the general population widens past a tipping point, the social contract fractures — not gradually, but suddenly."— Luke Kemp, Goliath's Curse: The History and Future of Societal Collapse (2025)
Rising Tide was founded by a team with multi-decade backgrounds across both the public and private markets — collectively having managed multiple billions of dollars across market cycles, asset classes, and geographies.
We've worked inside the institutions that set the rules of modern finance. We understand why those rules exist — and exactly where they break down in the world that's coming.
That combination of deep institutional knowledge and a willingness to build outside its constraints is what makes the products we build possible. Others aren't doing this, because most people think inside the box that the current financial markets present to them. We don't fall into that trap.
We respond to every serious inquiry