Robinhood is like Google for Financial Services

Robinhood logoRobinhood announced recently that it would be raising a new funding round of $350M led by DST Global on a $5.6B valuation. They also announced that Josh Elman, a general partner from Greylock, would be joining as VP Product.

The Wall Street Journal casually describes Robinhood as “Maker of App That Offers Free Stock Trades,” but these are very unusual events, even for the best of Silicon Valley startups.

Why is a general partner from one of the top Silicon Valley VCs joining a startup? And why is this startup all of a sudden worth so much?

 

Robinhood is reshaping financial services into a winner-take-all opportunity

There is a small group of companies that include Google, Facebook, Uber, Airbnb and Netflix that exhibit exceptional, winner-take-all dynamics. Ben Thompson of Stratechery calls them aggregators.

Never before Robinhood has a financial services company had all three characteristics of an aggregator:
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5 Things Lady Gaga Can Teach Us About Creating a Remarkable Product

Like her or not, Lady Gaga is a Remarkable Product

Have you ever worked for months on a product that achieved no success?

I know I have. And it’s incredibly frustrating.

What does it take to really succeed?

To build a product that is truly remarkable?

A product with raving fans?

A product with 25,000,000 Twitter followers and 50,000,000 Facebook fans?

As the most followed person on Twitter…

…with more than twice the number of followers as Oprah and 50% more followers than the president of the United States…

Lady Gaga can tell you.

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The Ultimate Guide to Product Manager Interview Questions

Great product management isn't easy

Great product managers score off the charts in listening, learning, leading, analyzing, anticipating and re-imagining. Among other things.

How do you interview for that?

Get it wrong and your new hire might be shifting your business into neutral. Or worse yet, reverse.

Problem is, there are no standard best practices for interviewing product managers.

You might have developed your own approach. But is it coordinated with the rest of the interview team? Or does each interviewer ask his or her personal favorite questions?

Are you sure your team is covering all the key areas with enough depth?

Or are you rolling the dice?

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Warning: Don’t Hire a Product Manager Without These Key Leadership Skills


Steve Jobs said that “no matter how smart you are, to be successful you need a team of great people“.

Do you surround yourself with great people?

The difference between a good hire and a great hire usually boils down to leadership.

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What Everybody Ought To Know About The Product Manager Case Interview


What does it take to be the best?

The best product strategist? The best product designer? The best technical innovator? The best product manager?

Malcolm Gladwell would tell you it takes 10,000 hours of deliberate practice.

Problem is, no one tells you their “hours” in an interview. You have to figure out a candidate’s skills for yourself.
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Do Your Product Manager Interview Questions Always Get The Real Story?


Okay, show of hands.

Who else is tired of resumes that overstate accomplishments?
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Do Your Product Manager Interviews Miss These Critical Analytical Skills?


You’ve always heard that you should hire the smartest product managers you can.

Some even say you should only hire people that are smarter than you.

But what does all this really mean?
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Give Me 3 Minutes and I’ll Make You a Better Interviewer

Sherlock Holmes

Ever notice that some people are better at getting a job than actually doing it?

These are the candidates who excel at interviewing, presentation and polish.

With their exceptional sales and communication skills, they present slick resumes and seem to say all the right things.

But when you hire them, they don’t produce. Not even a little. And sometimes you need to fire them.

How do you protect yourself against this?

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7 Warning Signs That Your Hiring Process Sucks

Admit it … you’ve wondered.

You’re hiring steadily, and it seems like you do what other companies do, but you’re just not getting results. Incoming resumes are at a trickle, the last offer you extended was turned down, and you’re having management issues with several new hires.

And you can’t help wondering …

Do you just need to be patient, and wait for the right candidates?

Or could it be possible that, in reality, your hiring process really sucks, and no one wants to say anything—or knows any better?

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The George S. Patton Guide to Winning the Talent War

Franklin D. Roosevelt called George S. Patton America’s “greatest fighting general.”

Hitler called Patton “the most dangerous man [the Allies] have.”

Though controversial, Patton achieved some astonishing and unsurpassed achievements in his day.

If you want to win the talent war…when sometimes it feels like it’s just impossible to compete…then look at Patton to see how he did things no one else thought could be done.

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