Vlad Tenev
Vladimir Tenev | |
---|---|
Born | 1986/1987 (age 34–35)[1] |
Nationality | American, Bulgarian |
Education | Stanford (BA Math) UCLA (PhD Math) (dropped out) |
Occupation | Entrepreneur |
Known for | Co-founder, Robinhood |
Children | 1 |
Vladimir Tenev (Bulgarian: Владимир Тенев; born 1986 or 1987)[1] is a Bulgarian-American entrepreneur who is the co-founder (with Baiju Bhatt) and CEO of Robinhood, a US-based financial services company.
Early life[]
Tenev was born in Bulgaria, and his parents migrated to the U.S. when he was five.[2] His parents both worked for the World Bank.[3] He attended Thomas Jefferson High School for Science and Technology[4] in Fairfax County, Virginia.
He earned a degree in mathematics from Stanford University, where he met Baiju Bhatt.[1] He studied for a mathematics PhD at UCLA, but dropped out to work with Bhatt.[3][5]
Career[]
In 2010, Tenev and Bhatt started a high-frequency trading company called Celeris. By January 2011 they abandoned it to create Chronos Research, which sold low-latency software to other trading firms and banks.[6]
In 2013, Tenev and Bhatt co-founded the trading platform Robinhood.[1] Following a funding round in May 2018 which increased Robinhood's valuation to $6 billion, Tenev and Bhatt became billionaires.[1][7]
GameStop short squeeze[]
On January 28, 2021, Tenev defended Robinhood's decision to prevent users from buying stock or options in a variety of securities, notably GameStop, during the GameStop short squeeze;[8][9][10][11] the decision had sparked widespread criticism from users of the app as well as politicians in both major American parties.[12] On February 18, 2021, Tenev testified before the United States House Committee on Financial Services regarding Robinhood's role during the GameStop short squeeze.[13][14] Tenev came under heavy criticism from members of both parties and was criticized for struggling to provide answers to a number of questions.[15][16][17]
In its July 1, 2021 S-1 filing with the SEC, Robinhood disclosed that the US Attorney's Office had executed a search warrant for Tenev's cell phone as part of a probe into the GameStop short squeeze.[18][19][20]
Awards[]
Year | Awards | Category | Result | Ref. |
---|---|---|---|---|
2016 | Forbes 30 Under 30 | Young Traders | Won | [21] |
Other awards[]
He was invited to be the keynote speaker at UCLA's 2019 Math Commencement Ceremony.[22]
References[]
- ^ a b c d e "Robinhood Founders Are Billionaires in Silicon Valley Minute". Retrieved 23 July 2018.
- ^ "The founders of Robinhood, a no-fee stock-trading app, were initially rejected by 75 venture capitalists — now their startup is worth $1.3 billion". Retrieved 23 July 2018.
- ^ a b "Vlad Tenev, 28". Forbes. Retrieved 23 July 2018.
- ^ Thomas Jefferson HS. "Thomas Jefferson HS". Twitter.
- ^ Ongchoco, David (12 August 2015). "Startup Insider: The Story Behind Stock Trading App Robinhood and Its One Million-Person Waitlist". Retrieved 23 July 2018.
- ^ "Win the Stock Market with Crowd Sourced Advice from New App Robinhood".
- ^ "Meet the 11 new tech billionaires that emerged in 2018". Retrieved 23 July 2018.
- ^ Reuters Staff (2021-01-29). "Robinhood CEO says limited trade to protect firm and customers". Reuters. Retrieved 2021-01-29.
- ^ "Robinhood CEO Vlad Tenev speaks out on decision to restrict trading on GameStop and other stocks". CNBC. 2021-01-29. Retrieved 2021-01-29.
- ^ "Robinhood CEO Says Trading Limits Will Protect Firm, Customers". Bloomberg.com. 2021-01-29. Retrieved 2021-01-29.
- ^ Robinhood CEO speaks on controversy after GameStop stock chaos - CNN Video, retrieved 2021-01-29
- ^ "Robinhood founder Vlad Tenev says app blocked GameStop buys to "protect investors"". Newsweek. 2021-01-28. Retrieved 2021-01-29.
- ^ Popper, Nathaniel. "Grilled in the hearing, Robinhood's chief apologizes for limiting GameStop trades". The New York Times. Retrieved February 18, 2021.
- ^ Collins, Eliza (February 18, 2021). "Who Are Keith Gill and Other Key Players at the GameStop Hearing?". The Wall Street Journal. Retrieved February 18, 2021.
- ^ Popper, Nathaniel; Phillips, Matt (2021-02-18). "In GameStop Saga, Robinhood Is Cast as the Villain". The New York Times. ISSN 0362-4331. Retrieved 2021-02-19.
- ^ "Under fire, Robinhood CEO apologizes to Congress for restricting trading". NBC News. Retrieved 2021-02-19.
- ^ Sorkin, Andrew Ross; Karaian, Jason; Merced, Michael J. de la; Hirsch, Lauren; Livni, Ephrat (2021-02-19). "'Something Very Wrong Happened Here'". The New York Times. ISSN 0362-4331. Retrieved 2021-02-19.
- ^ Kay, Grace. "Robinhood's IPO filing reveals the US Attorney's Office executed a search warrant for CEO Vlad Tenev's cell phone". Business Insider. Retrieved 2021-07-05.
- ^ Sigalos, MacKenzie (2021-07-01). "Feds seized Robinhood CEO's phone as part of GameStop trading probe". CNBC. Retrieved 2021-07-05.
- ^ Westbrook, Jesse (July 1, 2021). "Robinhood Says U.S. Demanded Access to CEO Tenev's Phone Records". Bloomberg.
{{cite web}}
: CS1 maint: url-status (link) - ^ Vardi, Nathan. "30 Under 30 Finance: The Top Young Traders, Bankers And Dealmakers". Forbes. Retrieved 2021-07-12.
- ^ "2019 Math Commencement Keynote Speaker: Vladimir Tenev". UCLA. Retrieved 7 April 2020.
External links[]
- Media related to Vladimir Tenev at Wikimedia Commons
- Living people
- American company founders
- American billionaires
- 1980s births
- Stanford University alumni
- Robinhood (company)
- Bulgarian emigrants to the United States
- People from Varna, Bulgaria
- Bulgarian billionaires