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Entrepreneurial Thought Leaders (ETL)

Vlad Tenev (Robinhood) - Weathering a Storm

Entrepreneurial Thought Leaders (ETL)

Stanford eCorner

Business, Life Lessons, Creativity, Startups, Strategy, Thought Leadership, Education, Stanford University, Leadership, Challenges, Journey, Culture, Etl, Innovation, Founders, Stanford, Entrepreneurship

4.5740 Ratings

🗓️ 17 February 2021

⏱️ 49 minutes

🧾️ Download transcript

Summary

Vlad Tenev is the CEO and co-founder of Robinhood, a fast-growing brokerage platform giving millions of people access to investment opportunities and financial tools. In this conversation with Stanford lecturer Ravi Belani, Tenev offers a behind-the-scenes view of high-stakes decisions related to the GameStop crisis, discusses the future of the financial services industry, and reflects on both past missteps and ongoing efforts to innovate at Robinhood and transform securities trading in the 21st century.

Transcript

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0:00.0

Who you are defines how you build.

0:05.0

This is the entrepreneurial thought leader series.

0:09.0

Brought to you by Stanford E. Corner.

0:13.0

Today we are very excited to welcome Vlad Tenev to ETL.

0:19.0

Vlad is the son of two parents who both worked at the World Bank,

0:24.5

and then Vlad went to Stanford for his undergraduate studies where he fell in love with math.

0:30.0

He was a bachelor's degree in math for all you math majors out there, and he also met his future

0:34.9

serial co-founder, Baizu Bhat.

0:37.6

But before he jumped into startup land, he flirted with academia.

0:41.3

He was going to get a PhD in math at UCLA.

0:44.6

And he was thinking about becoming a professor of math.

0:46.6

But he took the red pill.

0:48.0

He dropped out and he joined Baidu down the entrepreneurial path.

0:51.8

But Vlad and Baizu went on to start two trading companies before they started

0:55.7

Robin Hood in 2013. Robin Hood's mission is to democratize investing for all. They are one of the

1:03.6

fastest growing brokerage platforms, one of the top apps on the Apple store. They have just done a huge

1:10.1

raise, which we'll talk about as well. And

1:12.6

Vlad is on a litany of lists. He's on the Forbes 30 under 30. Now that he's a bit older,

1:18.9

he's now on the Fortune 40 under 40. And so we are thrilled to have Vlad here at ETL.

1:26.1

A few things before we begin, I first just want to note that Vlad agreed to do

1:31.6

ETL before the intensity of all the recent events broke out. And he also agreed to honor his

1:37.3

commitment, despite what I'm sure is not the most spacious calendar in the world. And so I just

...

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