Robinhood CEO Vlad Tenev discusses building early-stage funds for retail investors, founder selection and how venture investors evaluate startups with Sequoia’s Andrew Reed

The headline frames this as retail finally gettin' in — but the same selection rigor Sequoia's Andrew Reed be describin' is exactly what ensures yer "early-stage" fund gets whatever smart money already declined. That be the tell they left out. 🦑

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