Three Arcs
The flywheel

Robinhood · Long-term strategy

The Three Arcs

Vlad Tenev's framework for the next decade — three overlapping arcs that compound like interest, each one amplifying the next.

Trace the arcs What is this?
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The idea

One strategy,
three horizons.

The Three Arcs aren't sequential steps. They advance in parallel and reinforce one another — the first generates fuel, the second deepens loyalty, the third scales it worldwide.

Like compound interest, the overlap is the point. Each arc makes the next one bigger.

Arc 01 · Now — the fuel arc

Be the #1 platform for active traders.

Win the most sophisticated, high-frequency traders with best-in-class tools and relentless product velocity. This is the fuel arc — it generates the revenue and resources that power everything after it.

  • 24/7 Trading
  • Options
  • Futures
  • Event Contracts
  • Robinhood Legend
  • Advanced Orders

Peaking now — fastest arc to show results.

Arc 02 · ~5 years

Win the next generation's wallet share.

Move beyond trading to become the one-stop platform for every financial need of Millennials, Gen Z and beyond — capturing the multi-trillion-dollar wealth transfer between generations.

  • Wealth Management
  • Banking
  • Credit Card
  • Lending
  • IRAs
  • Advisory
  • Robinhood Gold

Stickiness through Gold — a subscription that compounds retention.

Arc 03 · ~10 years

Become the #1 global financial ecosystem.

Expand from U.S. retail to the world, and from retail to institutions. Build the underlying infrastructure for global finance itself.

  • International · EU · UK · APAC · SG
  • Institutional / B2B
  • Blockchain & Tokenization
  • Owned Infrastructure

Retail → institutional. Domestic → global.

The compounding

Overlapping,
not sequential.

The arcs run at once and strengthen each other. Arc I funds. Arc II retains. Arc III scales. Together they compound — the flywheel of Robinhood's next decade.

  • Arc IFuels
  • Arc IIRetains
  • Arc IIIScales

The horizons

Three arcs, advancing together.

  1. Now

    Active Traders

    The fuel arc generates revenue and resources at its peak.

  2. ~5 years

    Wallet Share

    Depth across banking, wealth and credit locks in loyalty.

  3. ~10 years

    Global Ecosystem

    Retail and institutional, worldwide, on owned infrastructure.

Three arcs. One compounding future.

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