• The keys to creating a business culture of excellence:
  • Have a small number of people who are elite in their field 
  • Compensate them very well
  • Ensure that compensation and promotion are perfectly tied to performance 
  • Ruthlessly minimize bureaucracy
  • Celebrate people who do big things with the fewest number of people possible
• “Mathematical superintelligence” is a more specific way to refer to artificial general intelligence (AGI) 
• Mathematical superintelligence is an AI that solves math problems at a superior capability compared to the sum total of all humans on earth 
• It will be able to solve any problem, but especially those that have a quantitative element or that require quantitative reasoning
• The coming years and decades include a $100+ trillion wealth transfer from boomers to millennials; given the company’s customer base, Robinhood is well-positioned to benefit from this wealth transfer
• De-emphasize the significance of the “number of people” managed; the desire to manage a larger number of people warps incentives and attracts empire builders instead of problem-solvers 
• “Sometimes I just read the reviews of the Robinhood credit card app before bed.” – Vlad Tenev 
• Advice for entrepreneurs: Imagine if Frank Slootman took over your company… What are the ten things that he would do? 

My guest today is Vlad Tenev. Vlad is the CEO and co-founder of Robinhood. It was such a treat to sit down with him and discuss the behind-the-scenes of a revolutionary business we all know well. He details Robinhood’s journey to zero-cost trading and what it means to build a consumer-centric financial product. Vlad believes in finding the harmonies across mathematics and art and applies this lens to everything he builds. We discuss Robinhood’s new credit card and more products on the horizon, the company’s toughest moments, including the Gamestop episode, and the compelling future of AI in financial services. Please enjoy this conversation with Vlad Tenev.

For the full show notes, transcript, and links to mentioned content, check out the episode page here.

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