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> That growth has kept the money flowing in from venture capitalists. Sequoia Capital and New Enterprise Associates are among those that have poured $1.3 billio
by KKKKkkkk1 6y ago
> That growth has kept the money flowing in from venture capitalists. Sequoia Capital and New Enterprise Associates are among those that have poured $1.3 billion into Robinhood. In May, the company received a fresh $280 million.
What does a trading app do with $1.5 bn? Isn't trading a commodity technology?
- wmf 6y agoMarketing?
- pathseeker 6y ago>Isn't trading a commodity technology? The rapid consumption RH has of younger retail market seems to imply the answer is firmly "no". The backend of sending orders to exchanges without caring much about latency is surely simple, but the UI and UX clearly had plenty of room for improvement.
- omarchowdhury 6y agoAt the minimum, capture market share.