Dub, an app at the intersection of TikTok and Wall Street, has teens talking

In this episode, hosts Connie and Alex sit down with Steven Wang, the 23-year-old founder of Dub, a rapidly growing copy trading platform. Wang shares how Dub is revolutionizing retail investing by allowing users to automatically mirror the portfolios of top traders, hedge fund managers, and even politicians like Nancy Pelosi. He also dives into the challenges of navigating financial regulations, his entrepreneurial journey from dropping out of Harvard, and his vision for reshaping the asset management industry.

Chapters:

00:00 - Introduction

01:57 - How Copy Trading Works

04:18 - User Demographics and Popular Portfolios

06:09 - Dub’s Growth and Fundraising

06:29 - Customer Acquisition and Marketing Strategies

07:37 - Influencers, Hedge Funds, and Monetization

12:39 - Regulation and Compliance Challenges

15:29 - Social Investing vs. Traditional Investing

17:56 - Risk, Education, and Investor Behavior

19:56 - Dub’s Business Model and Revenue Streams

22:50 - Expansion Plans and Future Innovations