Baiju Bhatt, co-founder of Robinhood, clarifies why the company places high importance on product design.
0:00 / 0:11exact quote · 11.2s
720p mp4 · rendered on demand · StarZero watermark
“The reason that we spent a lot of time on design and the reason that today, even today when Robin is actually a much bigger company that I spend most of my time on design is just because we love it.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Baiju Bhatt
AssertionSupported
Bhatt: Robinhood users are 20 to 30 years younger than competitors'
“The consumers that use products like Fidelity, E-Trade, Scottrade, a lot of our competitors, our customers are on average, 20 to 30 years younger than those consumers.”
Baiju BhattApr 1, 2016▶ 13:0720VC: RobinHood's Baiju Bhatt on The Importance Of Design in Fintech and Having A 10X Better Product
PredictionDidn’t hold up
Robinhood aims to expand globally across four continents within five years
“I would like to see Robin hood become an international financial services company. I would like to see us scale like internet company scale, not like tech or not like financial services companies. I would love to be live across. All of Europe, I would love to …”
Baiju BhattApr 1, 2016▶ 22:1220VC: RobinHood's Baiju Bhatt on The Importance Of Design in Fintech and Having A 10X Better Product
AssertionSupported
Robinhood's viral waitlist launched accidentally after a viral Reddit post
“Somebody found that way to Robinhood free stock trading. Posted it on Reddit, so it's like a Friday night, and then all of a sudden we're like, man, we're getting a lot of traffic, where is this coming from? So we actually hooked up Google Analytics, which tha…”
Baiju BhattApr 1, 2016▶ 8:0920VC: RobinHood's Baiju Bhatt on The Importance Of Design in Fintech and Having A 10X Better Product
AssertionSupported
Robinhood Instant reached 100,000 signups in 12 hours after announcement
“In the 1:12 hours after we announced it, we had about a 100,000 people that had signed up to use it, so that was like, holy shit.”
Baiju BhattApr 1, 2016▶ 18:0720VC: RobinHood's Baiju Bhatt on The Importance Of Design in Fintech and Having A 10X Better Product
AssertionPartly supported
Bhatt: Broker-dealer regulatory approval in the US takes at least a year
“Getting the green light from the regulators to be able to do business in the United States takes at least about a year and a lot of money.”
Baiju BhattApr 1, 2016▶ 5:3020VC: RobinHood's Baiju Bhatt on The Importance Of Design in Fintech and Having A 10X Better Product
What-if
Bhatt: Discussing Robinhood pre-launch would have violated regulatory rules
“And during that period of time, it's a really bad idea to speak publicly about the things that we were planning on doing, because if we had done so, we would have basically been soliciting customers for financial services product without the requisite licenses…”
Baiju BhattApr 1, 2016▶ 5:3620VC: RobinHood's Baiju Bhatt on The Importance Of Design in Fintech and Having A 10X Better Product
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 1,200 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.