# Uncapped #33 | Vlad Tenev from Robinhood

Page: https://stenobird.com/podcast/uncapped-with-jack-altman-7251833/uncapped-33-vlad-tenev-from-robinhood
Text version: https://stenobird.com/podcast/uncapped-with-jack-altman-7251833/uncapped-33-vlad-tenev-from-robinhood.md
Podcast: [Uncapped with Jack Altman](https://stenobird.com/podcast/uncapped-with-jack-altman-7251833)
Published: 2025-11-20T10:00:00+00:00
Episode link: https://traffic.megaphone.fm/PDP8194779610.mp3
Audio file: https://traffic.megaphone.fm/PDP8194779610.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/uncapped-with-jack-altman-7251833/episodes/uncapped-33-vlad-tenev-from-robinhood
Duration seconds: 3011

## Resource

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. --- Timestamps: (0:00) Intro (00:27) History of online brokers (4:15) The rise of Robinhood (9:15) Changing sentiment among generations (14:18) Incentive alignment with customers (18:47) The emergence of prediction markets (25:50) Economic value vs entertainment (28:26) Growing degree of risk taking (35:21) Tokenization and private markets (39:33) The impact of AI on Robinhood (43:35) What excites Vlad about AI (46:59) Reflections on being a founder --- More on Vlad: https://robinhood.com/us/en/ https://x.com/vladtenev More on Jack: https://www.altcap.com/ https://x.com/jaltma --- https://linktr.ee/uncappedpod Email: friends@uncappedpod.com

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/uncapped-with-jack-altman-7251833/episodes/uncapped-33-vlad-tenev-from-robinhood/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/uncapped-with-jack-altman-7251833/uncapped-33-vlad-tenev-from-robinhood.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.