This Week in Startups

How Robinhood became a $68B company w/ Vlad Tenev

March 19, 2026|Original: 49m|10 key insights|5 min read

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44 minutes

Key Insights

How Vlad pitched investors on a $0 TAM with a $0 revenue model: 'Your TAM is zero and your revenue model is zero'

The brutally stupid answer that almost killed the deal: 'Why do we have to make money?'

From zero commission to $68B valuation: How Robinhood turned 11 business lines into $100M+ annual revenue each

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