In this interview, Jack Altman explores the history of online brokerage with Vlad, starting from the early days of Schwab and E-Trade to the emergence of Robinhood. Vlad discusses Robinhood's innovations, including mobile-first approach, leveraging high-frequency trading technology, and appealing to a generation disillusioned with the financial system after the 2008 crisis. They delve into the shift in younger generations' attitudes towards investing, the rise of prediction markets, and the increasing accessibility of complex financial products. The conversation also touches on the challenges young people face in achieving financial stability, the potential of tokenization to democratize access to private markets, and the impact of AI on customer support and engineering within Robinhood. Vlad shares insights into Robinhood's strategic vision, aiming to become a comprehensive financial "super app" and expanding its reach globally and into institutional markets, while also reflecting on his journey as a founder and the importance of aligning company values with personal beliefs.
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