Baiju Bhatt

Everything Baiju Bhatt said on any show that made the record, most notable first. Each card names its show and opens the statement there.

20VC Assertion Supported

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 Bhatt Apr 1, 2016 ▶ 13:07 20VC: RobinHood's Baiju Bhatt on The Importance Of Design in Fintech and Having A 10X Better Product

20VC Prediction Didn’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 Bhatt Apr 1, 2016 ▶ 22:12 20VC: RobinHood's Baiju Bhatt on The Importance Of Design in Fintech and Having A 10X Better Product

20VC Assertion Supported

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 Bhatt Apr 1, 2016 ▶ 8:09 20VC: RobinHood's Baiju Bhatt on The Importance Of Design in Fintech and Having A 10X Better Product

20VC Disclosure

Baiju Bhatt: Robinhood Prioritizes Design Because Founders Love It, Not Strategy

“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.”

Baiju Bhatt Apr 1, 2016 ▶ 11:41 20VC: RobinHood's Baiju Bhatt on The Importance Of Design in Fintech and Having A 10X Better Product

20VC Assertion Supported

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 Bhatt Apr 1, 2016 ▶ 18:07 20VC: RobinHood's Baiju Bhatt on The Importance Of Design in Fintech and Having A 10X Better Product

20VC Assertion Partly 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 Bhatt Apr 1, 2016 ▶ 5:30 20VC: RobinHood's Baiju Bhatt on The Importance Of Design in Fintech and Having A 10X Better Product

20VC 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 Bhatt Apr 1, 2016 ▶ 5:36 20VC: RobinHood's Baiju Bhatt on The Importance Of Design in Fintech and Having A 10X Better Product

The other half of the tape: Baiju Bhatt's own voice is left out of every number here. Other people bring the name up 23 times in 6 episodes across the shows. 2 statements on the record name them. every mention, with the transcript →

Who brings them up most Vlad Tenev 9Mike Maples 5Rick Yang 4Scott Sandell 3Nick Shalek 1Harry Stebbings 1

Statements about Baiju Bhatt, by other people (2)

20VC Assertion Supported

Robinhood founders built high-frequency trading software before Occupy Wall Street pivot

“So they had built software for high-frequency trading firms, and you saw sort of this shift in their founding story when they kind of realized that they were part of the problem that was starting to manifest itself at the time with Occupy Wall Street, really t…”

Rick Yang Jan 28, 2022 ▶ 5:04 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

20VC Assertion Supported

Yang: Robinhood was Vlad Tenev and Baiju Bhatt's third venture together

“That's where I first spent time with Vlad, got really excited about what they were building and really hearing the founding story behind him and Beiju coming together for a third time, actually for Robin Hood.”

Rick Yang Jan 28, 2022 ▶ 4:23 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

Every mention by year

One line per show, most statements first. The link opens Baiju's full record on that show: the calibration, argument clarity, speaking style and every statement made there.

Show	Role there	Eps	Statements	Record
20VCLEDGER	Founder & CEO, Cowboy Space Corporation	1	7	60% 3/5	full record on 20VC →