Vlad Tenev on why opening private markets to everyday investors is his biggest focus right now: "The thing that I’m most focused on right now in my life as Robinhood founder and CEO is getting more people into the markets and, in particular, giving access to private markets. I think that’s the biggest inequity in capital markets today."
"And it’s very important because you see all of these companies who are building AI models — we’re in the midst of possibly the greatest technology revolution, not just of our time, but of all time."
"The majority of AI companies out there are private companies — even though some of them are in valuations at tens of billions or even hundreds of billions of dollars — which means retail investors can’t invest in them. And it’s not just AI."
"You look at SpaceX, valuation in the hundreds of billions, it’s basically the largest and most impactful private space company — retail has been shut out from the very beginning there."
"I’m trying to figure out how to correct that and reverse it, give people exposure to these companies, and make it so that everyone’s an owner of our industry. And if we make sure everyone is an owner — if you own something you want to protect it, and I think we’re more likely to have a stable and prosperous future." @vladtenev on @TKPPodcast