Rick Yang: NEA calculated $70B in brokerage market cap ripe for disruption
Rick Yang · 20VC: The Robinhood Memo: The Early Metrics That Showed Robinhood was a Breakout Company, The Cost Structure of Robinhood in the Early Days and Why it is a More Efficient Business than eTrade & How Vlad Has Developed as a Leader Over Time with Rick Yang a · Jan 28, 2022 · at 7:23
Rick Yang is a partner at venture firm NEA. He describes NEA's initial base case thesis when evaluating Robinhood's potential market size relative to incumbent brokerages.
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“Because we did have that sort of straight line base case, hey, look, there's seventy billion dollars of market cap that is ripe for disruption, and we see that.”
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