How I Built This with Guy Raz Robinhood: Vlad Tenev
4 snips
Apr 12, 2021 
Vlad Tenev, co-founder and CEO of Robinhood, discusses the company's journey from a tech startup idea to a disruptive force in stock trading. He shares insights on making investing accessible and free, the challenges faced during regulatory scrutiny, and the controversies surrounding the GameStop trading frenzy. Tenev reflects on his own educational path, decision to pivot from academia to entrepreneurship, and how the pandemic catalyzed a surge in retail investing, positioning Robinhood for rapid growth and an anticipated IPO.
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First business idea
- Baiju Bhatt's observation about inefficiencies in trading software sparked their first business idea.
- They aimed to create faster software for financial firms.
Move to New York
- Vlad and Baiju moved to New York to develop trading software.
- They bootstrapped, using publicly available exchange data for testing.
Automated Trading
- Beiju predicted the shift towards automated trading.
- Human-driven trading desks would become obsolete.
