Posts filtered by tags: Vlad Tenev[x]


 

As Morgan Stanley buys E-Trade, Robinhood preps social trading

Before it was worth $7.6 billion, the original idea for Robinhood was a stock trading social network. At my kitchen table in San Francisco in 2013, the founders envisioned an app for sharing hot tips to a feed complete with a leaderboard of whose predictions were most accurate. Once they had SEC approval, they pivoted towards the real money maker: letting people buy and sell stocks in the app, and pay to borrow cash to do so. Now seven years later, Robinhood is subtly taking the first steps ...
Tags: Social, Startups, TC, Mobile, Facebook, Apps, Finance, San Francisco, Tech, M&a, SEC, Morgan Stanley, Robinhood, Stock Trading, Vlad Tenev, Etrade


As Morgan Stanley buys ETrade, Robinhood preps social trading

Before it was worth $7.6 billion, the original idea for Robinhood was a stock trading social network. At my kitchen table in San Francisco in 2013, the founders envisioned an app for sharing hot tips to a feed complete with a leaderboard of whose predictions were most accurate. Once they had SEC approval, they pivoted towards the real money maker: letting people buy and sell stocks in the app, and pay to borrow cash to do so. Now seven years later, Robinhood is subtly taking the first steps back...
Tags: TC, San Francisco, Tech, SEC, Morgan Stanley, Robinhood, Vlad Tenev, Etrade, ETrade Robinhood, Charles Schwab Ameritrade, Tech Media and Telecom


From Elon Musk to Tim Cook, here's where the world's most influential tech founders and CEOs went to college — and what they studied

College is where many figure out what they're actually interested in and determine the career they want to pursue. We researched the degrees and schools attended by well-known tech CEOs, many of whom launched their companies or landed on the idea for their first startup while studying at college. Here's where 52 CEOs and founders in the tech industry went to school, and what they studied. Visit Business Insider's homepage for more stories. For new college students, choosing a major can feel l...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Europe, Elon Musk, Cook, Sweden, Maryland, Microsoft, Yahoo, Mba, Stanford, India, Satya Nadella, Trends


Unicorn stock-trading app Robinhood arrives in Europe to revolutionize investing. Here’s why the company may be too late.

Hot US stock-trading app Robinhood has finally arrived in the UK but with a bevy of challengers already in place it may have arrived too late. Rivals such as Freetrade and Revolut have already set up trading operations albeit neither has the customer numbers of the US startup. "We have experience entering a highly regulated and competitive space from our growth in the US," Robinhood co-CEO and cofounder Vlad Tenev said in an interview with Business Insider. "We don't feel like this market is w...
Tags: Europe, UK, US, Trends, Fca, Fidelity, Louisiana, Robinhood, Revolut, Index Ventures, Vlad Tenev, Business Insider, Charles Schwab, AUA, Robinhood Gold, Tenev


Robinhood launches… UK waiting list

It is approaching a year since TechCrunch broke news that Robinhood was stealthily recruiting for a London office ahead of plans to expand to the U.K. And in August the U.S.-based company, which pioneered “commission-free” stock-trading states-side, announced it had received regulatory approval to operate this side of the pond, signalling that a U.K. launch was indeed imminent. Well, now the wait is almost over, with the launch of the Robinhood U.K. waitlist. In a classic bait and switch PR brie...
Tags: Startups, TC, Europe, UK, London, Robin Hood, US, Tech, Robinhood, Revolut, Vlad Tenev, Reuters, Rutgers, DST, Wall Street Journal CNN, Tenev


Robinhood has a glitch that’s letting users borrow far more than they should

A glitch in the the stock trading app Robinhood is allowing users to trade stocks with excess borrowed funds, and the company doesn’t appear to have found a fix as of this writing. According to Reddit’s WallStreetBets forum, and first  reported on by Bloomberg, one trader bragged about a $1 million position funded by a $4,000 deposit. Another says he accessed $50,000 worth of purchasing power, which he used to buy Apple puts. He subsequently lost that money and posted a video of the wipe-out ...
Tags: Apple, Amazon, Startups, TC, Youtube, Bloomberg, Reddit, SEC, Robinhood, DST Global, Marketwatch, Vlad Tenev, Glitch, Dan Gallagher, SIPC, Securities Investor Protection Corp


Robinhood revives checking with new debit card & 2% interest

This time it actually has insurance. Zero-fee stock trading app Robinhood is launching Cash Management, a new feature that earns users 2.05% APY interest on uninvested money in their account with the ability to spend it through a special Mastercard debit card. The waitlist opens today in the US with the first users to be admitted soon. “If you have $5000 in your account while you’re thinking about what to invest in, you’d have an extra $105 at the end of the year” thanks to Robinhood Cash Man...
Tags: Startups, TC, Mobile, Ecommerce, Apps, Finance, US, Samsung, Tech, ATM, SEC, Payments, Talent, Robinhood, DST Global, Cryptocurrency


Trading app Robinhood is stealthily recruiting ahead of planned UK launch

Robinhood, the U.S.-based “zero-fee” stock trading app and cryptocurrency exchange, is stealthily recruiting for a new London office ahead of plans to eventually launch in the U.K., TechCrunch has learned. According to sources within London’s thriving fintech industry, Robinhood is hiring for multiple U.K. positions. These span recruitment, operations, marketing and PR, and customer support. Notably, the company is also seeking people in compliance, and product, including product design. In o...
Tags: Startups, TC, Europe, UK, London, Tech, Fca, Robinhood, Vlad Tenev, U K, HQ, DST, Menlo Park California, Baiju Bhatt, U K TechCrunch, HQ in Lake Mary Florida Revolut


Robinhood is giving $75 Amazon gift cards to some customers who say they lost money when its options business stopped working

  Online brokerage Robinhood is giving $75 Amazon gift cards to some users who say they were impacted by outages to its options trading service last week. Some customers say they received additional credits back to their Robinhood accounts — but in some cases only after they followed up with the company several times.  It’s been a tough week for Robinhood, which came under fire shortly after announcing plans to offer checking and savings accounts with no fees and an industry-high 3% interest r...
Tags: Amazon, Facebook, Trends, Robinhood, Vlad Tenev, Business Insider, SIPC, Robinhood Five


Robinhood said to not be properly insured to offer checking & savings

Robinhood’s new high-interest, zero-fee checking and savings feature seems to be too good to be true. Users’ money may not be fully protected. The CEO of the Securities Investor Protection Corporation, a non-profit membership corporation that insures stock brokerages, tells TechCrunch its insurance would not apply to checking and savings accounts the way Robinhood claims. “Robinhood would be buying securities for its account and sharing a portion of the proceeds with their customers, and that...
Tags: Startups, TC, Ecommerce, Apps, Finance, Government, US, Tech, Banking, Policy, SEC, Robinhood, Mastercard, Vlad Tenev, FDIC, Bhatt


Robinhood lacked proper insurance so will change checking & savings feature

Robinhood will rename and revamp its upcoming checking and banking features after encountering problems with its insurance. The company published a blog post this evening explaining “We plan to work closely with regulators as we prepare to launch our cash management program, and we’re revamping our marketing materials, including the name . . . Stay tuned for updates.” Robinhood’s new high-interest, zero-fee checking and savings feature seemed too good to be true. Users’ money wasn’t slated  t...
Tags: Startups, TC, Ecommerce, Apps, Finance, Government, Tech, Banking, Policy, SEC, Robinhood, Mastercard, Vlad Tenev, FDIC, Bhatt, SIPC


Robinhood launches no-fee checking/savings with Mastercard & the most ATMs

Robinhood is undercutting the big banks by forgoing brick-and-mortar branches with its new zero-fee checking and savings account features. With no overdraft or monthly fees, a juicy 3 percent interest rate, and a claim of more US ATMs than the five biggest banks combined, Robinhood is using the scalability of software to pass impressive perks on to customers. The free stock trading app already used that approach to attack brokers like E*Trade and Charles Schwab that charge a per trade fee. Now ...
Tags: Amazon, Startups, TC, Mobile, Ecommerce, Apps, Finance, US, Tech, Banking, Walgreens, Robinhood, Mastercard, Vlad Tenev, Charles Schwab, Wells Fargo Chase


Forethought scores $9M Series A in wake of Battlefield win

It’s been a whirlwind few months for Forethought, a startup with a new way of looking at enterprise search that relies on artificial intelligence. In September, the company took home the TechCrunch Disrupt Battlefield trophy in San Francisco, and today it announced a $9 million Series A investment. It’s pretty easy to connect to the dots between the two events. CEO and co-founder Deon Nicholas said they’ve seen a strong uptick in interest since the win. “Thanks to TechCrunch Disrupt, we have had...
Tags: TC, Enterprise, San Francisco, Tech, Artificial Intelligence, Salesforce, Nea, Zendesk, Techcrunch Disrupt, Vlad Tenev, Enterprise Search, Nicholas, TechCrunch Disrupt Battlefield, Forethought, Deon Nicholas, K9 Ventures Village Global


Robinhood hires 20-year Amazon veteran to CFO role as high-flying startup eyes IPO

Robinhood, the zero-fee stock trading app and cryptocurrency exchange is bringing on a former Amazon finance exec to help the company prepare for an eventual public debut. Warnick The startup has hired Jason Warnick, a former exec at Amazon who was with the company for nearly 20 years, most recently serving as the commerce giant’s VP of Finance. Warnick has worn many hats inside the Seattle company’s finance departments, with positions touching operations, internal audit, investor relations an...
Tags: Amazon, Startups, TC, Finance, Ipo, Tech, Seattle, Zillow, Robinhood, Jason, Vlad Tenev, Bhatt, Brian Olsavsky, Baiju Bhatt, Warnick, Allen Parker


Robinhood cuts trading fees, grows profits with in-house clearing

As zero-commission stock trading app Robinhood starts preparing to IPO, an engineering investment two years in the making could accelerate its quest for profitability.  Most stock broker services have to pay an external clearing house to reconcile trades between buyers and sellers. Now with 6 million accounts, that added up to a huge cost for Robinhood since it doesn’t demand a trading fee like the $7 to $10 that incumbent competitors E*Trade and Scottrade charge. Relying on outside clearing a...
Tags: Google, Startups, TC, Mobile, Ecommerce, Apps, Finance, Tech, Robinhood, Stock Trading, Hall, Udacity, Fedex, Orlando, Vlad Tenev, OCC


'The home for all of your financial needs': The CEO of Robinhood sets out his vision after announcing another move to compete with major brokerages

Robinhood announced the launch of its own in-house clearing service on Wednesday. The new service required building a 70-person team at its new "Major Oak" clearing center in Florida.  The two-year effort will allow the zero-fee brokerage to save money and better execute trades for its customers, a brokerage expert told Business Insider.  In an interview, cofounder and CEO Vlad Tenev explained Robinhood's fight to become the Amazon of personal finance.  Robinhood, the zero-fee stock trading a...
Tags: Amazon, Europe, Florida, Trends, Dallas, Robinhood, Vlad Tenev, Jpmorgan, Christine Hall, Sherwood Forest, Ray Dalio, Stanley Druckenmiller, Hoelscher, Tenev, Jessica Hoelscher


Robinhood aims at IPO as the fintech startup seeks CFO

Now valued at $5.6 billion, zero-fee stock trading app and cryptocurrency exchange Robinhood is starting preparations to go public. Just a year and a half ago, it was still largely under the radar. But then it raised a $110 million Series C at a $1.3 billion valuation in April 2017 and then just a year later scoring a $363 million Series D, both led by Russian firm DST Global. Combined with the growth of its premium subscription for trading on margin called Robinhood Gold, the startup now has...
Tags: Google, Fundings & Exits, Startups, TC, Mobile, Apps, Ipo, Tech, Bitcoin, Jp Morgan, Silicon Valley, Robinhood, Coinbase, Cryptocurrency, Exit, Vlad Tenev


Cryptocurrency bigwigs invade the Fortune ’40 Under 40′ list

Fortune has released its annual 40 Under 40 ranking which celebrates the most influential entrepreneurs under the age of (you guessed it) 40. The latest edition features several founders and executives from the cryptocurrency and blockchain space. Founder of Ethereum, Vitalik Buterin and founder of Coinbase, Brian Armstrong, continue to feature on the list having both been members of this “club” since 2016. In addition to Buterin and Armstrong, Fortune has also granted a spot to Robinhood founde...
Tags: Startups, Cryptocurrency, Vlad Tenev, Baiju Bhatt, Buterin, Hard Fork, Coinbase Brian Armstrong, Armstrong Fortune


Free stock trading app Robinhood rockets to a $5.6B valuation with new funding round

Robinhood started off as a dead-simple stock trading application that had no transaction fees — but since it’s continued to grow, and especially as it starts to dive into cryptocurrenty, investors are getting pretty excited about its prospects and are pouring a ton of new funding into it. And it’s that tantalizing prospect of creating a next generation way of trading assets and cryptocurrency is now sending Robinhood to a $5.6 billion valuation in a new financing round that the company is ann...
Tags: Fundings & Exits, Startups, Mobile, Apps, Sequoia Capital, Robinhood, Kleiner Perkins, Vlad Tenev, Etrade, DST, Robinhood Gold, Tenev, Robinhood Crypto


Robinhood rockets to a $5.6B valuation with a massive new funding round

Robinhood started off as a dead-simple stock trading application that had no transaction fees — but since it’s continued to grow, and especially as it starts to dive into cryptocurrenty, investors are getting pretty excited about its prospects and are pouring a ton of new funding into it. And it’s that tantalizing prospect of creating a next generation way of trading assets and cryptocurrency is now sending Robinhood to a $5.6 billion valuation in a new financing round that the company is ann...
Tags: Fundings & Exits, Startups, Mobile, Apps, Tech, Sequoia Capital, Robinhood, Kleiner Perkins, Vlad Tenev, Etrade, DST, Robinhood Gold, Tenev, Robinhood Crypto


5 years ago, the stock-trading app Robinhood was rejected by 75 investors — now it's worth $5.6 billion

Robinhood, a zero-fee stock-trading app popular among millennials, confirmed its series D funding round of $363 million. The round places the company's worth at $5.6 billion. Robinhood says it will use the money to snag new talent, offer more financial-service options — among them a cryptocurrency-trading platform — and spearhead product growth.  In March, The Wall Street Journal reported that Robinhood, a commission-free stock-trading app, could be valued in excess of $5 billion. The newspa...
Tags: US, Trends, Jeff Bezos, Wall Street Journal, Robinhood, Greylock, Vlad Tenev, Josh Elman, CapitalG, Tenev, Kleiner Perkins Sequoia Iconiq, DST Global Now Robinhood


5 years ago, stock-trading app Robinhood was rejected by 75 investors — now it's worth $5.6 billion

Robinhood, the zero-fee stock trading app that's popular among millennials, confirmed its Series D funding round of $363 million. The round places the company's worth at $5.6 billion. Robinhood says it will use the money to snag new talent, offer more financial service options (among them, its rollout of the company's cryptocurrency trading platform), and spearhead product growth.    In March, the Wall Street Journal reported that commission-free stock trading company Robinhood could be valu...
Tags: US, Trends, Jeff Bezos, Wall Street Journal, Robinhood, Journal, Greylock, Vlad Tenev, Josh Elman, Tenev, DST Now Robinhood, Kleiner Perkins Sequoia Iconiq, Tenev Robinhood


Quintacorn Robinhood’s free crypto trading rolls out in Cali, 3 more states

Robinhood is rolling out its Coinbase-killer that’s already helped the fintech startup’s valuation grow 4X in a year. Zero-fee trading of Bitcoin and Ethereum is now available to all investors in California, Massachusetts, Missouri, and Montana. Everyone else is still on the waitlist. Robinhood users everywhere can already track 16 crypto coins including BTC, ETH, Litecoin, and Ripple, as well as trade traditional stocks with no transaction commission. Announced in January, Robinhood Crypto vast...
Tags: Startups, Mobile, Apps, Montana, Finance, Tech, Robinhood, Coinbase, DST Global, Cryptocurrency, Vlad Tenev, Baiju Bhatt, Robinhood Gold, Robinhood Crypto, California Massachusetts Missouri, BTC ETH Litecoin


Lightning Labs just raised millions from Jack Dorsey and others to supercharge blockchain transactions

Lightning Labs, a young, Bay Area-based startup, is trying to make it easier for users to send bitcoin and litecoin to each other without the costly and time consuming process of settling their transactions on the blockchain. It has investors excited about its work, too. The company is announcing today that it has raised $2.5 million in seed funding to date from a kind of list of big names in payments and beyond, including Square and Twitter cofounder Jack Dorsey, Square exec Jacqueline Reses...
Tags: TC, Stanford, Tech, Yale, Venture Capital, Lightning, Jack Dorsey, Jack, David Sacks, Robinhood, Cryptocurrency, Blockchain, Lightning Network, Vlad Tenev, Jacqueline Reses, Bay Area


Robinhood hires Josh Elman as VP of product, who’ll stay at Greylock

Zero-fee stock trading app Robinhood is getting some product firepower as it dives into cryptocurrency and weighs platform aspirations. Investor Josh Elman will join Robinhood as its VP of product while remaining a partner at Greylock. With 4 million registered users, $176 million raised and a $1.3 billion valuation, the five-year-old fintech startup is shifting from a period of finding product-market fit to building a serious business. Elman’s experience with rapidly rising companies like Faceb...
Tags: Social, Facebook, Ecommerce, Apps, Twitter, Finance, Stanford, Samsung, Linkedin, Tech, Venture Capital, Reid Hoffman, Zazzle, Robinhood, Coinbase, Cryptocurrency


A tale of two startups with ‘superstore’ ambitions: Robinhood and Cadre

 “If you think about Amazon, they took the book model, built brand equity, trust, credibility, and now they are a superstore for any retail product,” Cadre’s cofounder and CEO Ryan Williams told attendees at an industry event in San Francisco last week. “We’re doing the same for the investments world.” Robinhood’s cofounder and CEO, Vlad Tenev, speaking… Read More
Tags: Amazon, TC, Real Estate, Finance, San Francisco, Tech, Venture Capital, Goldman Sachs, Andreessen Horowitz, Thrive Capital, Robinhood, General Catalyst, Cryptocurrency, Blockchain, Vlad Tenev, Ryan Williams


Roc Nation Invests In Robinhood

Jay Z lead management, publishing and entertainment company Roc Nation's investment division Arrive is taking a stake in Robinhood. Launched in 2015 by Vlad Tenev and Baiju Bhatt, Robinhood’s investment platform allows trade of U.S. stocks, ETFs, options, and soon, cryptocurrencies. Unlike many other online trading platforms, Robinhood does not charge a fee on trades but instead makes money by collecting interest on cash left in a user’s brokerage account that is not invested. Robinhoo...
Tags: Google, Music, Bitcoin, Jay, Robinhood, Devialet, Vlad Tenev, Music Business, Bruce Houghton, Insite, Roc Nation, Vlad, Neil Sirni, Baiju Bhatt Robinhood, Baiju, Startups & Funding


The cofounder of a $1.3 billion startup says a common mistake can kill a new business

New startups are delicate things. So it's not surprising that the path to establishing a fledgling business can sometimes feel fraught with peril. No one appreciates this more than the founders of stock trading app Robinhood. Before they got their product off the ground, they struck out on 75 investor pitches. Nowadays, two million people use the app, which is valued at $1.3 billion. Vlad Tenev, the app's cofounder and co-CEO, told Business Insider there's a mistake that can kill your early-sta...
Tags: Trends, Robinhood, Vlad Tenev, Business Insider, Bhatt, Baiju Bhatt, Tenev


Robinhood co-founders want everyone in the stock market

Baiju Bhatt and Vlad Tenev, the co-founders of Robinhood, are trying to help people invest smarter while pursuing their versions of the American Dream.
Tags: Cnn, Vlad Tenev, Baiju Bhatt


John Sculley went from an entry-level job driving Pepsi's trucks to its CEO in 10 years — here are his secrets for getting promoted fast

John Sculley is the former CEO of Pepsi and Apple. When he was at Pepsi, he climbed the corporate ladder quickly. He started in an entry-level position that included driving Pepsi's delivery trucks and posting signage in 100+ degree heat.  He rose to become Pepsi's CEO ten years later. Then he got poached by Steve Jobs to run Apple. Sculley explained how he grew his role so rapidly at the soft drink giant, and gave advice for how others can advance at their companies on an episode of Business In...
Tags: Apple, Microsoft, Steve Jobs, John Sculley, Milwaukee, US, Trends, Angel, Las Vegas, Coke, Vlad Tenev, Jason Calacanis, Pittsburgh, PHOENIX Arizona, Clippers, Pepsi