Uncapped with Jack Altman
Uncapped #33 | Vlad Tenev from Robinhood
Conversations with people I admire about things I’m genuinely interested in.
Show Notes
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Vlad Tenev is the co-founder and CEO of Robinhood (NASDAQ: HOOD), which transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. As of Q3 2025, the company is doing $1.27 billion in revenue with 11 business lines each doing roughly $100 million.
We discuss the evolution of online brokerage platforms from Schwab to E-Trade to now Robinhood. Vlad delves into the launch of Robinhood, the impact of the global financial crisis, and how mobile and high-frequency trading have transformed finance. The conversation explores the rise and success of prediction markets, the importance of engaging younger generations, and how AI is enhancing the future of trading.
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Timestamps:
() Intro
() History of online brokers
() The rise of Robinhood
() Changing sentiment among generations
() Incentive alignment with customers
() The emergence of prediction markets
() Economic value vs entertainment
() Growing degree of risk taking
() Tokenization and private markets
() The impact of AI on Robinhood
() What excites Vlad about AI
() Reflections on being a founder
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