09/11/2024
ScottDog
Investing writer.
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tenev: no, i had no formal engineering background and no prior work experience, really, in consumer companies. and we actually had a couple of experimental apps while waiting for the regulatory approval for robinhood that we launched and we actually tried to get some traction on, and it was very difficult for us to get customers because ultimately we made a lot of mistakes that first-time developers of mobile products make, like packing a ton of features into apps and not really addressing a really deep customer pain point. so the last thing from our minds when we launched robinhood, the initial website, was that it would blow up overnight, so we were kind of cavalier in the way we approached it.
for entrepreneurs, vc capital and support represent a lifeline during the later phases of the ideation-invention-innovation life cycle when they are taking a product or service to market. often, it is the first institutional capital that a startup takes once it has gained initial traction from its customer base.
how to secure vc funding.
what is a vc model?
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