March 22nd - This Week in Alternative Investments

This issue is brought to you by Energy Shares, where you can tap into the rapidly growing solar market.


Bite-sized market updates

  • The settlement shaking up the real estate market

  • Wonder’s $700 million funding round

  • Sotheby’s “Sports Week” is coming

  • Reddit’s IPO soars

  • The Fed keeps rates steady

Plus: The SEC and Ethereum, a $1.8 million comic, the Whitney Biennial, and more.


$65,803 (-2.1% weekly)
WatchCharts Market Index
29,562 (-0.1% weekly)
Thomson-Reuters VC Index
18,224.15 (+1.3% weekly)
Zillow Home Value Index
$349,216 (+1.5% monthly)


Your Last Chance To Earn Bonus Rewards!

Looking to invest in solar? New River Solar is open to investors. Act now to make your investment and earn your bonus rewards before the funding round closes for good. This offering ends soon!

New River Solar, an affiliate of Energy Shares, is a large-scale solar energy and battery storage project under development in Florida. Once completed, it will offset over 159,000 tons of CO2 annually – that’s 1,000+ cars off the road and 15,000+ homes powered by clean energy.

When you invest in New River, you help make a tangible difference in fighting climate change, while diversifying your portfolio with this alternative asset. Learn more today.

Market Updates

Shooting in my office

A settlement could shake up the residential real estate market. The National Association of Realtors agreed to pay $418 million over four years to settle an antitrust lawsuit related to realtors’ commissions. Experts project that the current 6% commission rate will be cut in half, potentially cutting housing prices by up to 3%, though sellers will keep more of the proceeds. However, buyers may have to start compensating their agents, which could particularly harm first-time buyers. A federal court still needs to approve the settlement, but either way, changes are coming to the way Americans buy and sell houses.

“Fast-Fine” food delivery startup Wonder raised a $700 million funding round. The number is a staggering figure for a non-AI startup, particularly in a difficult fundraising environment. The New York-based company is led by entrepreneur Marc Lore, who invested $100 million of his own money into the venture. Wonder specializes in hyper-local delivery and has 11 brick-and-mortar locations - all of which are profitable - and plans to expand to 90 locations in the Northeast by the end of 2025. It last raised funds on a $3.5 billion valuation, and while the valuation for this round has not been disclosed, it was rumored that they were seeking funds at a $4.5 - $5 billion valuation.

Auction house Sotheby’s is continuing its push into sports memorabilia. Its first “Sports Week” is coming up in April, with six separate auctions containing high profile items from Kobe Bryant, Muhammad Ali, and Michael Jordan, among others. Sotheby’s has seen “exponential growth” in demand for sports memorabilia, which comes largely from a younger demographic that is mostly new to auctions. As established auction houses continue to branch into collectibles, it can only help bring the asset class more credibility and exposure to the mainstream.

Reddit stock jumped by nearly 50% in its first day of trading. The social media giant had its long-anticipated IPO on Thursday, and despite setting the price on the high end of expectations at $34 per share, it ended the day trading at $50.44 per share. That was good news for Reddit, but bad news for the users who decided against participating in the IPO when given early access. Meanwhile, semiconductor company Astera Labs had its own IPO on Wednesday, and shares jumped over 70% above the offering price. The pre-IPO market, which has been waiting for high-profile, successful tech IPOs, could start seeing more activity as investors look for the next big companies to go public.

Smart Humans Podcast

In this episode, Slava Rubin talks with Uniswap's Mary-Catherine Lader about the future of DeFi and the impact of blockchain technology.


This comic - Batman’s debut - sold for $1.8 million (ComicConnect)

**Sponsored Link

Some of Hokusai’s “Thirty-Six Views of Mount Fuji” (Christie’s)

How would you rate this issue?

Login or Subscribe to participate in polls.


Energy Shares, LLC (Energy Shares), a FINRA registered broker dealer, is a subsidiary of Solariant Capital and an affiliate of New River Solar, LLC. Energy Shares is building a platform for utility scale renewable energy projects in the United States to raise capital. Energy Shares is not facilitating the offering for New River Solar but to learn more about the industry in general, please visit The regulation crowdfunding offering is being conducted by Andes Capital Group, LLC (“Andes”), a member of SIPC and FINRA, as the SEC registered broker dealer intermediary. For more information, see the offering materials and disclosure of risk at the investment site

Neither Energy Shares or Andes and its directors, officers, employees, representatives, affiliates or agents do not provide business, investment, tax, or legal advice. No communication contained herein should be construed as a recommendation to purchase any security and content published are for informational purposes only. Any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this communication and any liability therefore is expressly disclaimed. Any investments referred to in the article are privately held securities that are being offered via private placement. These securities are a high risk investment, not publicly traded, highly illiquid, speculative, and an investor could experience an entire loss of their investment. These private securities are not suitable for all investors and there is no guarantee an investment will be profitable or that there will ever be an exit strategy or an opportunity to liquidate the investment. When making an investment decision, investors must make their own determination and rely on their due diligence and examination of the issuer, the investment offering documents, and the terms of the offering. 

Energy Shares is a FINRA l SIPC member