# Vlad Tenev

Markdown copy of https://realalpha.app/people/vlad-tenev/ on Real Alpha, the best minutes from long interviews with the people building AI. Cite and link the page, not this copy.

Real Alpha has cut 7 moments of Vlad Tenev (Co-founder & CEO, Robinhood) talking, from an interview on Sources published Oct 13, 2026.

- Role: Co-founder & CEO, Robinhood
- On X: https://x.com/vladtenev

## What Vlad Tenev said

- [AI backlash grows when ordinary people lack ownership](https://realalpha.app/s/ai-backlash-grows-when-ordinary-people-lack-ownership/)
  Sources · Oct 13, 2026 · 5 min
  > “If AI had, if there were more individual owners of these AI companies at the earliest stages, they would be defending it” — Vlad Tenev · [31:34](https://realalpha.app/v/rkTMQ3oHzFE/?t=1894)
- [Tokenized stocks can open U.S. markets to overseas buyers](https://realalpha.app/s/tokenized-stocks-can-open-u-s-markets-to-overseas-buyers/)
  Sources · Oct 13, 2026 · 7 min
  > “So you can break up the token into little itty-bitty chunks. You don't have to buy a full share.” — Vlad Tenev · [46:34](https://realalpha.app/v/rkTMQ3oHzFE/?t=2794)
- [Agent-led product work depends on automated testing](https://realalpha.app/s/agent-led-product-work-depends-on-automated-testing/)
  Sources · Oct 13, 2026 · 4 min
  > “everyone should have a team of agents that's productive while they sleep” — Vlad Tenev · [23:38](https://realalpha.app/v/rkTMQ3oHzFE/?t=1418)
- [Robinhood uses retail demand data to price IPOs](https://realalpha.app/s/robinhood-uses-retail-demand-data-to-price-ipos/)
  Sources · Oct 13, 2026 · 3 min
  > “a precise demand curve at every price, which is data we get” — Vlad Tenev · [37:57](https://realalpha.app/v/rkTMQ3oHzFE/?t=2277)
- [Trading edge will come from differentiation, not just better models](https://realalpha.app/s/trading-edge-will-come-from-differentiation-not-just-better/)
  Sources · Oct 13, 2026 · 4 min
  > “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 Tenev · [17:05](https://realalpha.app/v/rkTMQ3oHzFE/?t=1025)
- [Robinhood plans to monetize agent tools through subscriptions](https://realalpha.app/s/robinhood-plans-to-monetize-agent-tools-through/)
  Sources · Oct 13, 2026 · 3 min
  > “One is a lot of customers don't want that information shared with the apps.” — Vlad Tenev · [20:56](https://realalpha.app/v/rkTMQ3oHzFE/?t=1256)
- [AI agents may drive trading while most assets stay invested long-term](https://realalpha.app/s/ai-agents-may-drive-trading-while-most-assets-stay-invested/)
  Sources · Oct 13, 2026 · 6 min
  > “I think a very large portion of the volume will be generated by AI agents.” — Vlad Tenev · [9:35](https://realalpha.app/v/rkTMQ3oHzFE/?t=575)

## The episode

- [Robinhood’s CEO on letting AI trade your money](https://realalpha.app/v/rkTMQ3oHzFE/) · Sources · Oct 13, 2026