20VC: Robinhood Founder Vlad Tenev on His Biggest Lessons Managing Through A Crisis, The Events of The Congressional Committee, Raising $2.4Bn Fast and Why It Was Necessary & Why It Is Ludicrous To Suggest Robinhood Put The Business Ahead of it's Customer

Everything I stand for is allowing customers to be able to trade what they want to trade when they want to do it. We also have the majority of our customers who are buy and hold investors, and it's in no one's interest for Robinhood to be out of compliance and breaking laws because the outcomes of that are much worse. We want to avoid a situation where none of our customers can trade anything. That would have been a worse situation.

A little bit under half of households in the US are investing, but we'd really like to think about what does that number look like if it was 95+%? What if 95+%, close to 100% of people are investing? I think you realize that Robinhood has had some impact, but there's a lot more to be done, and it's a huge opportunity.