The Wall Street Journal
7/1/2026
The original title is about Robinhood co-founder Baiju Bhatt losing $1B and his journey. Let me rewrite it concisely.
Original: Robinhood Co-Founder Opens Up About Losing $1B in Months | The WSJ Money Interview
Short summary
Baiju Bhatt, Robinhood's co-founder, shares his entrepreneurial journey from early failures through building Robinhood to launching Cowboy Space Corp., a space-based data center startup, after experiencing $1B in losses. The WSJ interview covers resilience through rejection, rapid growth challenges, COVID's impact, and his strategic pivot to unconventional ventures. His narrative offers lessons in handling failure, fundraising, and market transitions.
- •Founder journeyed from failed ventures to Robinhood, then lost $1B before pivoting to space data centers
- •Interview structured around key business inflection points: fundraising, scaling, COVID, and strategic exits
- •Core themes: resilience, learning from setbacks, and pursuing unconventional high-risk opportunities
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