The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Vlad Tenev on Robinhood’s $85BN Resurgence | Tokenizing SpaceX & OpenAI | Building Nine Revenue Lines Over $100M | Why Crypto Will Be Robinhood's Biggest Revenue Line | Why Stablecoins Will Replace Banking Rails
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Jul 14, 2025 
Vlad Tenev, Founder and CEO of Robinhood, shares insights on the company's astonishing growth, increasing its market cap from 35 billion to 85 billion in just eight months. He emphasizes the revolutionary potential of tokenization in finance and discusses how AI now drives 50% of new code at Robinhood. Tenev also reveals plans for nine profitable revenue streams, the impact of cryptocurrency on the platform's future, and his unique approach to evolving startup fundraising. He reflects on the challenges faced during rapid growth and his vision for the next decade.
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Patience Validated Robinhood's Strategy
- Robinhood articulated a clear strategy over two years that eventually proved successful.
- Patience was key as the market took time to understand their business model was working.
AI Powers Code and Support
- AI drives nearly all new code written at Robinhood and is widely adopted by their engineering team.
- AI also transforms customer support by enabling complex backend integrations, boosting efficiency.
Active Traders Fueled Growth
- Robinhood unintentionally attracted high-volume active traders by offering zero commissions.
- Recognizing their importance, Robinhood invested to become the best platform for active traders, fueling business turnaround.