Cheeky Pint Robinhood CEO Vlad Tenev on tokenizing private companies, changing the SEC, and Frank Slootman
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Aug 13, 2025 
Vlad Tenev, Co-founder and CEO of Robinhood, discusses his journey from Bulgaria during hyperinflation to leading a revolutionary financial platform. He shares insights on the GameStop saga, emphasizing advice from tech titans like Elon Musk. The conversation also tackles the complexities of payment for order flow and the role of retail investors in capital markets. Tenev makes a compelling case for tokenizing private companies, including Stripe, and outlines a vision for greater financial accessibility in investing.
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Hyperinflation And Copper As Wealth
- Vlad describes his family's experience in Bulgarian hyperinflation and how pensions and savings became worthless.
- His grandfather stored wealth in copper cookware, which became the household's store of value.
Stablecoins Serve Dollar Demand Abroad
- Vlad notes stablecoins gained traction overseas because people want US dollars as a unit of account.
- He argues crypto can store wealth but US stocks and diversified portfolios are viable alternatives.
Zero Fees + Mobile + Automation
- Robinhood combined zero commissions with strong mobile UX to unlock underserved customer segments.
- Automating back-office processes let them cut costs and scale faster than legacy brokers.
