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My son Billy introduced me to @BaijuBhatt and @vladtenev. They were two Stanford grads from immigrant families who wanted to put free stock trading right on your phone. In 2013, most investors thought it was a terrible idea because existing brokers would just build their own apps and bury the small players. Here's why I backed them… I had a sense that every application on computers would migrate to smartphones, and that Baiju and Vlad were going after the whole model. @RobinhoodApp now has millions of brokerage accounts and most of those users had never traded stocks before opening the app. The name turned out to be exactly right as they genuinely gave the small investor a chance. The inves…
This next Tuesday, I’m sitting down with @a1lon9, co-founder of @Pumpfun, on @StreamDraperTV. We’ll talk on-chain fundraising, decentralized media, and how pumpfun’s Build In Public hackathon is expanding the traditional VC playbook. Make sure to tune in!