Vladimir Tenev founded the company “Robinhood.” Before his interest in the stock market, he built high-frequency stock trading platforms in New York City. While doing this, he realized that the top-notch, high frequency traders and electronic trading firms pay almost nothing to put trades on the market. Once the financial crisis of 2008 set in, people lost faith in the financial system, and hedge fund insiders had much more access to tools and resources that most people did not, which Tenev disapproved of. He noticed this problem, and saw an opportunity to provide a product that doesn’t charge for commission, and makes investing much easier and more accessible. Today, there are over a million people that use Robinhood to trade. Vladimir Tenev displayed entrepreneurial spirit by noticing a problem, and pursuing a solution very diligently (over 2 years!). He stands out as an entrepreneur because his company was the first ever to not charge a trader’s commission fee, which caused his company take off. Vladimir Tenev clearly demonstrates that he is a successful young entrepreneur through the founding and managing of Robinhood.
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I love the name that he uses, for it is what it is saying, stealing from the rich to give to the poor. The company steals customers so that the bad companies don’t gain money wrongfully, and give the people any easy way to gain money for themselves.