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YouTube

The Startup Powering Billions In Trades Every Day

Y Combinator via YouTube

Overview

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Explore the entrepreneurial journey of Kelly Littlepage and Steven Johnson as they share how they transformed an obscure auction theory from their undergraduate studies into OneChronos, a revolutionary stock exchange that now processes billions of dollars in trades daily. Learn about their unconventional path from computer hacking in the suburbs through Caltech and hedge funds to building a trading venue that handles over 0.3% of all U.S. equity volume. Discover the technical and regulatory challenges they overcame during six years of development, including solving deep technology problems and navigating Wall Street's complex regulatory environment. Understand how modern trading actually works and what makes OneChronos's model fundamentally different from traditional exchanges. Gain insights into the decision-making process behind leaving high-paying jobs to pursue entrepreneurship, the experience of going through Y Combinator, and the persistence required to build infrastructure for Wall Street. Examine the future of financial markets and infrastructure while learning practical lessons about building technology companies in highly regulated industries.

Syllabus

00:00 - Intro: A New Kind of Stock Exchange
01:15 - The Origin Story
02:45 - From Auction Theory to Wall Street
04:30 - The Idea Behind OneChronos
06:00 - How Trading Actually Works Today
06:45 - Going All In: Quitting Jobs, Joining YC
08:45 - Solving Two Deep Tech Problems
10:00 - The Regulatory Gauntlet
14:00 - Launching: From 200 Shares to Billions
15:15 - Sticking With It for 6 Years
17:00 - What Makes the OneChronos Model Unique
23:45 - The Future of Markets & Infrastructure
27:00 - Should You Leave a High-Paying Job to Build?
30:45 - What It Takes to Build for Wall Street

Taught by

Y Combinator: The Vault

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