Andy Rachleff

Listen to Village Global: https://www.listennotes.com/podcasts/village-globals/andy-rachleff-on-investing-YaXZIM2WHuj/ (15 mins in) Don Valentine If a startup can screw something up it will only way it can succeed is if the market pulls the product out of its hands Steve Blank:  Value hypothesis (what are you building, for whom is it relevant, whats your business model) THEN Growth hypothesis (acquire customers cost effectively) Almost no company succeeds with its original value hypothesis - they succeed and then they revise history Great tech companies don't start by evaluating the market and coming up with solutionsThey observe an inflection point in tech that allows them to build a product, then figure out what they can do with that iterate on the who, don't iterate on the what most people change product - you lose insight on tech differentiation iterate on the customer base to find what you have to offer find desperate people - they dont say maybe, they say WHEN CAN I HAVE IT

This episode was produced remotely using the ListenDeck standardized audio production system.  If you’re looking to upgrade or jumpstart your podcast production please visit www.listendeck.com.  You can subscribe to this podcast and stay up to date on all the stories here on Apple Podcasts, Google Play, Stitcher, Spotify, Amazon and iHeartRadio. In this episode the host John Siracusa chats remotely with Andy Rachleff, Co-founder & Executive chairman of Wealthfront. Wealthfront is a next-gen banking service that helps in managing the money for both the short term and long term. Tune in and Listen. Subscribe now on Apple Podcasts, Google , Stitcher, Spotify, Amazon and iHeartRadio to hear Thursdays episode with Shawn Melamed from Spiral. About the host: John, is the host of the  ‘Bank On It’ podcast recorded onsite in Wall Street at OpenFin and the founder of the remotely recorded, studio quality standardized podcast production system ListenDeck. Follow John on LinkedIn, Twitter, Medium

Andy Rachleff (@arachleff), president and CEO of Wealthfront, joins Anne Dwane and Lucas Bagno to discuss:- What Andy learned from endowment investing and his quest to democratize excellent investing advice at Wealthfront.- Why you shouldn’t try to time the market and why in his opinion all-time highs are “absolutely irrelevant.”- Andy’s lessons from witnessing four day-trading frenzies in his career and why you should think about absolute return rather than relative returns.- How his position on crypto has evolved over time and why he’s optimistic about its ability to revolutionize commerce but skeptical about its place in an investment portfolio.- His learnings on product market fit from Don Valentine, and why Don said that if a startup can screw something up, it will. He also said that to succeed, it needs the market to pull the product out of the startup’s hands.- Why operating investors often make better investment decisions because operating experience is a proxy for network rather than because of the operating experience itself. - His top book recommendations.Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at www.villageglobal.vc or get in touch with us on Twitter @villageglobal.Want to get updates from us? Subscribe to get a peek inside the Village. We’ll send you reading recommendations, exclusive event invites, and commentary on the latest happenings in Silicon Valley. www.villageglobal.vc/signup

#19: Legendary investor Andy Rachleff joins Chris to chat about how you should be investing your money to build your wealth. They discuss the investing mistakes so many make, when it makes sense to pick stocks and why you might not want to max out your 401k.Andy Rachleff (@arachleff) is the co-founder and CEO of Wealthfront. He also serves as a the chairman of the endowment investment committee for University of Pennsylvania and as a member of the faculty at Stanford Graduate School of Business. Previously, Andy co-founded Benchmark Capital, one of the most successful venture capital firms of all time.Full show notes available at: https://allthehacks.com/investing-andy-rachleff Selected Links From The EpisodeGet $5k Managed for free at WealthfrontConnect with Andy: Twitter | LinkedInWealthfront: Website | Blog | Guide to Financial HealthWhy Angel Investors Don’t Make Money: TechCrunch ArticleWhy Rental Properties Are Not Good Investments: Wealthfront ArticleBurt Malkiel's Book: A Random Walk Down Wall Street Full Show NotesWho is Andy Rachleff? (episode overview). (00:32)Andy's first investment. (01:58)Andy's path from Investment Banking to Venture Capital. (05:54)How great companies are started. (08:39)Why did Andy feel the need to start Wealthfront? (10:50)Can you be successful picking stocks? (14:36)Is an angel investment in a startup a good investment? (19:48)How can you make passive investing more exciting? (21:42)What about investing in alternatives like art? (23:17)Is real estate or a rental property a good investment? (24:09)Investing hacks to save money on taxes. (27:19)How to make changes to your investment portfolio. (33:39)Does it make sense to invest when markets are at all-time highs? (34:56)When should you speculate with your investments? (39:02)Don't always evaluate your investment decisions by how much you made or lost. (40:46)How should you change your investing strategy when you have more money? (41:38)Are wealth managers worth their fee? (42:40)Why a good tax advisor is better than a wealth manager. (45:01)Andy's winning tactics for negotiating. (46:10)Why you should always be pareto optimal. (48:35)The value of liquidity and why you might not want to max out your 401(k). (50:06)How to connect with Andy Rachleff. (55:24) Connect with All the HacksAll the Hacks: Newsletter | Website | Facebook | EmailChris Hutchins: Twitter | Instagram | Website | LinkedIn

Andy is Wealthfront's co-founder and CEO. He serves as chairman of the UPenn endowment investment committee and teaches technology entrepreneurship at Stanford GSB. Previously Andy co-founded and was general partner of Benchmark Capital. Top 3 Value Bombs: 1. Not every business is meant to be mission-driven. If you build a commodity product, it’s hard to be mission-driven. You have to have an element of changing the world to be mission-driven. 2. You don’t find the idea. They find you from your authenticity to the opportunity because you will recognize that inflection point well before someone else might. 3. Don’t focus on the percentage of times that you’re right. Focus on the magnitude of when you are. Get data-driven, actionable finance advise - Wealthfront Sponsors: Klaviyo: Customers want more from brands. Delivering more means owning the customer experience. Klaviyo calls this “owned marketing” and they believe it’s the best path to growth. For more, visit Klaviyo.com/fire! LaunchMyBiz: With complete end- to- end training & support LaunchMyBiz guarantees your success and revenue! Apply today at LaunchMyBiz.com!

Wealthfront CEO Andy Rachleff joins Fintech Beat to explain the operational mechanics and economics of roboadvising, and how the technology in the industry differs from the rest of the fintech ecosystem. Learn more about your ad choices. Visit megaphone.fm/adchoices

Wealthfront CEO Andy Rachleff joins Fintech Beat to explain the operational mechanics and economics of roboadvising, and how the technology in the industry differs from the rest of the fintech ecosystem. Learn more about your ad choices. Visit megaphone.fm/adchoices

Former podcast host, Daniel McAuley, is joined by former podcast guest, Andy Rachleff — Co-Founder & CEO of Wealthfront, the only company that integrates banking and investing to automate your savings.We discuss:- Andy’s storied and career as both an investor and entrepreneur- His experience coming out of retirement to found Wealthfront- The ride of day trading app such as Robinhood- Whether payment for order flow is good for retail investors- The current crypto bull run- Market bubbles and what investors can do in today’s environment- Self-Driving Money™ and Wealthfront’s futureAndy Rachleff Andy is Wealthfront’s co-founder and CEO. He serves as a member of the board of trustees and chairman of the endowment investment committee for University of Pennsylvania and as a member of the faculty at Stanford Graduate School of Business, where he teaches courses on technology entrepreneurship. Prior to Wealthfront, Andy co-founded and was general partner of Benchmark Capital, where he was responsible for investing in a number of successful companies including Equinix, Juniper Networks, and Opsware. He also spent ten years as a general partner with Merrill, Pickard, Anderson & Eyre (MPAE). Andy earned his BS from University of Pennsylvania and his MBA from Stanford Graduate School of Business. About Wealthfront Wealthfront is the only company that integrates banking and investing to automate your savings. They provide all of the financial services you need like high-interest checking that offers an ATM/debit card, low-cost investment portfolios managed for you, one-click loans and free advice and planning tools all through a five-star rated mobile app. The company recently began implementing the first of its Self-Driving Money™ services to automate your savings plan so you don’t need to worry about monitoring accounts and moving money around. To learn more please visit wealthfront.com or download the app on the App Store or Google Play.

Check out Wealthfront: https://www.wealthfront.com FOLLOW Andy: https://twitter.com/arachleff FOLLOW Jason: https://linktr.ee/calacanis

Check out Wealthfront: https://www.wealthfront.com FOLLOW Andy: https://twitter.com/arachleff FOLLOW Jason: https://linktr.ee/calacanis