Vlad Tenev, co-founder and CEO of Robinhood, addresses whether the surge of retail investors trading during early 2021 is a temporary fad or a long-term structural market shift.
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“I think it's a permanent shift. I think there's a movement in this country that has started and is continuing to have more of the investing done by individuals directly.”
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More from Vlad Tenev
AssertionSupported
Tenev denies Robinhood colluded with hedge funds to restrict meme stock trading
“The idea that somehow the most wrong thing was this allegation of collusion that we're somehow colluding with hedge funds that we have no business relationship with to somehow restrict buying of these stocks. Yeah, I think that was just wrong.”
Vlad TenevMar 4, 2021▶ 9:1520VC: Robinhood Founder Vlad Tenev on His Biggest Lessons Managing Through A Crisis, The Events of The Congressional Committee, Raising $2.4Bn Fast and Why It Was Necessary & Why It Is Ludicrous To Suggest Robinhood Put The Business Ahead of it's Customer
Disclosure
Stripe founders asked Robinhood not to tokenize their shares, says Tenev
“I've shared this viewpoint with Patrick and John, and they give me some variant of, oh, well, we're just a small Irish family company. Please don't tokenize my shares.”
Tenev: Robinhood enabled private stock tokenization without target company opt-in
“And so I think it's important for the tokenization mechanism to work. Without the opt-in of the companies that, that are being tokenized. And I think that's actually the innovation that we've been able to drive. Like we can, we figured out how to make this wor…”
Tenev: Founders want fast capital, not on-chain equity issuance
“Nobody gives a shit about on chain issuance. Like the only place where people are even thinking about on chain issuance is like in your head. What people want is capital as a service.”
Vlad Tenev: Robinhood received a $3B deposit demand during GameStop saga
“We got this we got this bill in the automated clearinghouse system for three billion dollars.”
Vlad TenevNov 1, 2024▶ 49:47Vlad Tenev, Co-Founder & CEO @Robinhood: The GameStop Saga & The Future of AI | E1222 · 20VC with Harry Stebbings
Opinion
Tenev: Preventing retail investors from selling would have caused street riots
“If you have a customer who's unable to close their positions at the all time high, As bad as this was, not allowing customers to close their positions would have been much worse. I mean, there would have been, like, rioting on the streets if we had not allowed…”
Vlad TenevMar 4, 2021▶ 18:0420VC: Robinhood Founder Vlad Tenev on His Biggest Lessons Managing Through A Crisis, The Events of The Congressional Committee, Raising $2.4Bn Fast and Why It Was Necessary & Why It Is Ludicrous To Suggest Robinhood Put The Business Ahead of it's Customer
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