Leif Abraham
Co-Founder and Co-CEO, Public. On 3 shows, 4 appearances. The Shows tab opens the full record on each.
founderexecutiveinvestoroperator@leifthunder ↗LinkedIn ↗tbd.xyz ↗
Leif Abraham is the co-founder and co-CEO of Public.com, an online multi-asset retail brokerage. Prior to Public, he co-founded freelance platform AND CO and co-created Pay with a Tweet.
3shows
4appearances
44statements
5resolved
2supported
2contradicted
40%fully supported
Everything Leif Abraham said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Abraham: AI disparity will force NYC luxury apartments to hire armed guards
“The wealth disparity that's already extreme in the US is going to become even more extreme, and one of the first effects of that is just going to be that we're going to live in a less safe society, where in your New York Fancy apartment where you have your doo…”
Abraham: Bottom 75% can't compound wealth, forcing fintechs to monetize via speculation
“If in the US, sadly, if you're in the sub 75%, you live paycheck to paycheck to credit card, you do not have money to compound the markets. You just don't. And that's also why you see the people who have, who acquire those and build products for those and, you…”
Abraham: Public has virtually zero churn and 25-year expected user lifetimes
“Because we're also building for portfolio builders, so people that actually just compound wealth over time, we essentially have no churn. Like, our lifetimes are like, 25 years plus. They literally, like, that, that line is just straight at some point, and jus…”
Abraham: AI will inevitably replace human financial advisors' advice and emotional support
“And AI, if you look at like agents what we've launched, that does number one now. And so two and three is going to be replaced as well. It's just a matter of time”
Abraham: Securities prediction markets will dramatically surpass US sports betting volumes
“My hunch would be that the volumes around that in the long term will be dramatically higher than what the market of sports betting is in the US.”
Abraham: Public's incoming account transfers primarily come from legacy incumbent brokerages
“Actually if you look at where people ACAT accounts from, You know, where they like consolidate brokerage accounts from for us. It's Schwab, Fidelity, E-Trade, Vanguard, and then Merrill and Robinhood. So, so we are much more competing with the incumbents than …”
Abraham: Social investing features are dead because AI has cannibalized them
“Social is dead because it was basically cannibalized from AI.”
Abraham: Public abandoned its democratization mission to focus on top-quartile investors
“When we launched the company, we were much more on this mindset of like democratization, public for everyone, you know, no, no, no. Then we were, as we then built through it and kind of made our learnings and we're like, you know what, we've got to focus on th…”
Abraham: Public plans to launch prediction markets and event contracts
“No, I think prediction markets or event contracts, but as I said are a very powerful tool. We're going to go into that at some point ourselves”
Abraham: 24/7 stock trading requires market liquidity, not blockchain token wrappers
“That doesn't make any sense because just by wrapping it into a token doesn't mean it's ready for seven. Like, come on. Like also like, don't pretend like you don't know that. Like, you know, it's like, it's just a fucking rapper, you know, let's be straight, y…”
Abraham: Closed-end funds are a flawed instrument for retail private access
“We haven't found the instrument yet to really open up, you know, like private companies to retail investors. And so if close-time fund is the best thing we got going so far, okay, there's some exposure there that people can take advantage of, but I still think…”
Abraham: More private tech companies should rip the bandaid and go public
“I think just like rip the bandaid and more companies should go public. It's good for the markets. It's good for retail investor access. It's likely, you know, likely good for those companies too, to some regard, you know.”
Abraham: Highest-multiple public companies are story stocks with high retail ownership
“If you look at the companies that are trading at the highest revenue multiples, they're all companies that are like story stocks with a high retail ownership.”
Abraham: Gamified Brokerage Interfaces Condition Users to Trade Like Gamblers
“If the platform you're using is closer to gambling, you will end up being more of a gambler automatically. Just based on the design of how you were introduced to the markets and therefore you'll be more prone to, you know, potentially react on these types of t…”
Facebook ads are highly ineffective for acquiring freelance users
“When you try to like when you try to acquire freelancers, right. You kind of really want to bulk acquire as much as possible. You want to go into places where you can basically just like, you know, grab multiple people at once and don't try to pick people up o…”
Abraham: Charles Schwab hasn't been disrupted because it doubled in five years
“Schwab hasn't actually been disrupted yet, really, because that company actually, you know, still doubled in the last five years.”
Abraham confirms Public has billions in assets and doubling revenue
“I think I asked you, and I was wondering what your numbers were, and you said millions of users, billions of assets, billions of trading volume, and revenue doubling every year.
[916] Molly O'Shea: So is that
[917] Leif Abraham: That is accurate.”
Abraham: Public's top AI-generated asset basket is defense stocks, up 350%
“The, I think the best performing generated asset on the platform right now is defense and Weapons manufacturers. One that is like up 350% in the last month. Or something, you know.”
Abraham: Average financial advisor age is roughly 60 and rising yearly
“The average age of financial advisor goes up by, you know, a year every year. I think the average age is actually roughly 60 or so already, you know”
Abraham: Investors are far from ready to let autonomous AI agents manage their money
“I don't think people are ready to give their money to Open Claw and say, make me money now, please. You know, like, I think we're far away from that, and you know, there's a reason why everyone wants to have a little Mac Mini, because they want to have these t…”
Abraham: Public is refusing to build a general money super app
“And so we're not going to build the money super app, you know, we're rather going to be the investing super app, for lack of better wording because our types of customers, you know, that is where their financial lives really are centered around”
Abraham: Going public was one of Robinhood's best strategic decisions
“Even for Robinhood, I think one of the best things I've ever done is to become public. Because you suddenly can build a retail base of followers that own your stock, that will root for you. And I think that today that is a very powerful thing.”
Abraham: Public's internal AI agent autonomously converts Jira tickets into frontend code
“There's one agent called Cody, which is like, basically like a frontend engineer that we have that can literally turn a Jira ticket into perfect code that just, it's, you know, sets for an engineer to review and merge, and like, it's autonomously just working …”
One line per show, most statements first. The link opens Leif's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 SOURCERYLEDGER | Co-Founder and Co-CEO, Public | 1 | 24 | 0% 0/3 | full record on Sourcery → |
 TBPNLEDGER | Co-Founder and Co-CEO, Public | 2 | 10 | 100% 1/1 | full record on TBPN → |
 TOP FOUNDERSLEDGER | Co-Founder and Co-CEO, Public | 1 | 10 | 100% 1/1 | full record on Top Founders → |