Real Alpha has cut 7 moments of Vlad Tenev (Co-founder & CEO, Robinhood) talking, from an interview on Sources published Oct 13, 2026.
What Vlad Tenev said
AI backlash grows when ordinary people lack ownership
“If AI had, if there were more individual owners of these AI companies at the earliest stages, they would be defending it”
Vlad Tenev31:34 Tokenized stocks can open U.S. markets to overseas buyers
“So you can break up the token into little itty-bitty chunks. You don't have to buy a full share.”
Vlad Tenev46:34 Agent-led product work depends on automated testing
“everyone should have a team of agents that's productive while they sleep”
Vlad Tenev23:38 Robinhood uses retail demand data to price IPOs
“a precise demand curve at every price, which is data we get”
Vlad Tenev37:57 Trading edge will come from differentiation, not just better models
“The edge in anything is built by differentiation. If you're doing the same thing as everyone else, kind of definitionally, you have no edge.”
Vlad Tenev17:05 Robinhood plans to monetize agent tools through subscriptions
“One is a lot of customers don't want that information shared with the apps.”
Vlad Tenev20:56 AI agents may drive trading while most assets stay invested long-term
“I think a very large portion of the volume will be generated by AI agents.”
Vlad Tenev9:35
The episode
SourcesRobinhood’s CEO on letting AI trade your money
Vlad Tenev · Co-founder & CEO, Robinhood
27:09of 58:15 · Oct 13
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