Jim Woods of Forecasts & Strategies is pitching the “Secret Launchpad” as a way into OpenAI before its IPO; we trace the clues and test the claims.
One promotion, several names — all of them point to the same pitch, and the same stock.
“How to Buy OpenAI BEFORE the IPO” is the headline Jim Woods of Forecasts & Strategies is using to sell Eagle Products, LLC's Secret Launchpad promotion. The pitch promises a way for ordinary investors to get exposure to OpenAI before it goes public.
The promotion presents a publicly traded fund as a backdoor into a cluster of private technology companies, while also claiming exposure to Nvidia, Oracle, Micron and Microsoft. We identify the likely fund below, with 88% confidence.
The OpenAI connection is real, but several of the promotion's portfolio and performance claims don't survive a trip through the filings.
The useful clues are the private-company names. The pitch points toward SpaceX, Anthropic, OpenAI and Databricks, with additional exposure tied to Redwood Materials, Shield AI and Chaos Industries. That is a distinctive private-market fingerprint, not a generic list of technology buzzwords.
The same idea is also branded as “Backdoor Into OpenAI.” Both names refer to the same pitch, so readers searching either phrase are chasing the same fund.
The likely Secret Launchpad fund is Destiny Tech100 Inc. (NYSE: DXYZ).
The strongest match is SpaceX. Destiny Tech100's 2025 Form N-CSR lists DXYZ SpaceX I LLC and MWAM VC SpaceX-II, LLC as economic exposure to Space Exploration Technologies, acquired in June 2022 while SpaceX was still private. The filing also lists DXYZ OAI I LLC, described as economic exposure to OpenAI Global LLC profit participation units.
Destiny's 2026 prospectus adds Magnitude ANC III, LLC, tied to Anthropic PBC Series B preferred shares, along with two Databricks-linked positions, including vehicles invested in Databricks Series L preferred stock. The overlap is unusually specific, which is why DXYZ fits even though parts of the promotion plainly do not.
The clues point to DXYZ, but identification and verification are different jobs. The claim-by-claim checks below compare ten promotional statements with Destiny Tech100's 2025 Form N-CSR, its 2026 prospectus and official market data.
The result is a split screen: the private-company exposures mostly match, while the public-company list and the advertised performance history run into hard filing problems.
| The promotion claims | Verdict | What we found |
|---|---|---|
| The fund holds Nvidia Corp. (NASDAQ: NVDA) | Contradicted | Destiny Tech100’s Form N-CSR for the year ended December 31, 2025 lists its investments line by line and does not list NVIDIA; the portfolio is concentrated in private-company holdings, SPVs and Treasury investments. |
| The fund holds Oracle (NYSE: ORCL) | Contradicted | Destiny Tech100’s Form N-CSR for the year ended December 31, 2025 does not list Oracle in its Schedule of Investments or among the underlying issuers named for its SPVs. |
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The promotion's central claim is simple: OpenAI is headed toward an IPO, ordinary investors need a back door, and DXYZ is the way in. The middle link holds. Destiny Tech100 really does disclose economic exposure to OpenAI, along with SpaceX, Anthropic and Databricks.
The weakest link is the leap from “economic exposure through investment vehicles” to “buy OpenAI.” DXYZ's filing describes OpenAI profit participation units held through an investment vehicle, not a direct purchase of OpenAI common stock. That may be meaningful exposure, but it isn't the clean ownership story the headline suggests.
The supporting claims make the sales pitch wobble further. Destiny's 2025 Form N-CSR doesn't list Nvidia, Oracle, Micron or Microsoft. And a claimed 421% gain from September 2019 to June 2026 can't describe DXYZ: the fund commenced operations in 2022 and began trading on the NYSE on March 26, 2024. Its annual report instead showed a $10,000 investment growing to $25,486 at market price and $37,127 at NAV through December 31, 2025.
On the merits, DXYZ is a real vehicle for indirect exposure to a concentrated group of private technology companies. That makes it more interesting than a purely invented OpenAI connection, but much less straightforward than “buy OpenAI before the IPO.” The filings support a speculative private-market exposure thesis. They don't support every shiny detail wrapped around it.
How confident are we? 88 out of 100. We identified Destiny Tech100 Inc. (DXYZ) from the promotion's own clues and checked 10 of its claims against filings, earnings calls, ownership records, market data and public reporting. This is our analysis, not the publisher's disclosure — we have no relationship with them.
Knowing which stock it is only gets you halfway. We score DXYZ on valuation, profitability, growth, financial health and momentum — and reach our own conclusion, independent of how it was sold to you.
See the DXYZ data →Independent of the promotion — our own numbers, score and analysis.
Everything we track on DXYZ in one place — the TickerSpark Score, price charts, key financials, and our latest coverage.
| Contradicted |
| Destiny Tech100’s Form N-CSR for the year ended December 31, 2025 does not list Micron in the fund’s disclosed portfolio. |
| The fund holds Microsoft Corp. (NASDAQ: MSFT) | Contradicted | Destiny Tech100’s Form N-CSR for the year ended December 31, 2025 does not list Microsoft in its Schedule of Investments or disclosed SPV exposures. |
| An investment in the fund climbed 421% from September 2019 to June 2026 | Contradicted | Destiny Tech100’s filings state that the fund commenced operations in 2022 and that DXYZ began trading on the NYSE on March 26, 2024, so no DXYZ fund or market-price series exists from September 2019. Its 2025 annual report instead showed a $10,000 investment growing to $25,486 at market price and $37,127 at NAV through December 31, 2025. |
| The fund returned more than 2.5 times the S&P 500 from September 2019 to June 2026 | Contradicted | The claimed DXYZ comparison period is invalid because DXYZ did not yet exist in September 2019. Official Data’s S&P 500 total-return series shows approximately 178.3% for that period; even comparing that figure with the promoted 421% produces about 2.36 times, not more than 2.5 times. |
| The fund acquired SpaceX exposure at a pre-IPO price | Checks out | Destiny Tech100’s 2025 Form N-CSR lists DXYZ SpaceX I LLC and MWAM VC SpaceX-II, LLC as economic exposure to Space Exploration Technologies acquired in June 2022. SpaceX remained a private company, supporting the promotion’s pre-IPO characterization, although the exposure is held through investment vehicles. |
| The fund has exposure to Anthropic | Checks out | Destiny Tech100’s 2026 prospectus lists Magnitude ANC III, LLC, described as economic exposure to Anthropic PBC Series B preferred shares. |
| The fund has exposure to OpenAI | Checks out | Destiny Tech100’s 2025 Form N-CSR lists DXYZ OAI I LLC, described as economic exposure to OpenAI Global LLC profit participation units. |
| The fund has exposure to Databricks | Checks out | Destiny Tech100’s 2026 prospectus lists two Databricks-linked positions, including vehicles invested in Databricks Series L preferred stock. |
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