{"podcast":{"title":"Uncapped with Jack Altman","slug":"uncapped-with-jack-altman-7251833","podcast_index_feed_id":7251833,"rss_url":"https://feeds.megaphone.fm/PDP4191604852","website_url":null,"image_url":"https://megaphone.imgix.net/podcasts/4f59e046-fc65-11ef-95e4-6f1fe969e3f6/image/f476884f6c283614adac9f78c6a206ec.png?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress","author":"Alt Capital","episode_count":54,"summary":"Conversations with people I admire about things I’m genuinely interested in.","last_synced_at":"2026-07-15T04:17:37.114625+00:00","page_url":"https://stenobird.com/podcast/uncapped-with-jack-altman-7251833"},"episode":{"title":"Uncapped #33 | Vlad Tenev from Robinhood","slug":"uncapped-33-vlad-tenev-from-robinhood","published_at":"2025-11-20T10:00:00+00:00","page_url":"https://stenobird.com/podcast/uncapped-with-jack-altman-7251833/uncapped-33-vlad-tenev-from-robinhood","show_page_url":"https://stenobird.com/podcast/uncapped-with-jack-altman-7251833","url":"https://traffic.megaphone.fm/PDP8194779610.mp3","audio_url":"https://traffic.megaphone.fm/PDP8194779610.mp3","summary":"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","meta_description":"Vlad Tenev is the co-founder and CEO of Robinhood (NASDAQ: HOOD), which transformed financial services by introducing commission-free stock trading and de…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3011,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/uncapped-with-jack-altman-7251833/episodes/uncapped-33-vlad-tenev-from-robinhood/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/uncapped-with-jack-altman-7251833/uncapped-33-vlad-tenev-from-robinhood.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}