Wed, Aug 03 – 2016
In 2011, Baiju Bhatt and Vladimir Tenev, both Stanford physics graduates, were living in New York, building trading systems for large institutional investors and hedge funds. After Occupy Wall Street, they decided to apply their expertise to improve access to the financial-services industry for young people. In 2013 they founded Robinhood, a commission-free trading app. Robinhood is now the fastest-growing brokerage, with more than $3 billion in trading volumes. Its almost 1 million customers have saved some $70 million in trading commissions.
Vlad Tenev is the cofounder of Robinhood. A first-generation immigrant from Bulgaria, Tenev earned his B.S. in Math and Physics at Stanford University before starting two finance companies in New York City, selling trading software to hedge funds. In 2013, Tenev created Robinhood, a financial services company focused on offering free trading for everyone. The company has raised $66 million from NEA, Index Ventures, and others.
Wed Aug 03 , 2016 - 06:00 pm