214: Nailing Product-Market Fit and Building a Successful Startup, With Legendary VC and Wealthfront CEO Andy Rachleff

214: Nailing Product-Market Fit and Building a Successful Startup, With Legendary VC and Wealthfront CEO Andy Rachleff

Andy Rachleff is not just a product expert; he literally coined the term “product-market fit.” Wealthfront CEO, former VC backing companies such as eBay, Uber, and Twitter, and technology entrepreneurship instructor at the Stanford Graduate School of Business, Rachleff has a wealth of knowledge on creating and scaling powerful companies. I was excited to have the chance to pick his brain on everything from product-market fit, to how he started his company Wealthfront, to how he hires the best of the best to join his team. In this interview, you will gain access to a true master, who has enjoyed a long career of investing in legendary companies and now gives back to today’s entrepreneurs and investors. Rachleff started his company Wealthfront, an automated investment service that manages $11 billion in assets, as a way to perform a social good by democratizing sophisticated financial advice. In our discussion, he was kind enough to divulge some of his wins and losses and top lessons learned in his storied entrepreneurial career. Enjoy! Key Takeaways How to know when you’ve reached product-market fit The process Rachleff follows every time he builds a new product How to know when it’s the right time to launch a new product (or let go of a failing one) How to maintain a close-knit startup culture as the company grows Why perseverance does not lead to success in technology (and what does) What type of people he looks for and the three biggest things that make people to want to join his team Key Resources From Our Interview With Andy Rachleff Follow Andy on Twitter Learn more about Wealthfront here

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463: Why Small Customers Matter with ​​Immad Akhund of Mercury

463: Why Small Customers Matter with ​​Immad Akhund of Mercury

Since 2006, Immad Akhund has been investing in and building startups. But he always struggled with working with traditional banks to run his startups, especially as a non-US resident. He figured someo...

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462: Why Subscription Products Need Purpose with Jessica Rolph of Lovevery

462: Why Subscription Products Need Purpose with Jessica Rolph of Lovevery

Your first product won’t always be your best seller. Jessica Rolph’s organic baby food business Happy Family Organics failed twice before finding product market fit and scaling from $0 to $63M in sale...

2 Kesä 202358min

461: Adrian Grenier’s Evolution from Movie Star to Social-Impact Entrepreneur

461: Adrian Grenier’s Evolution from Movie Star to Social-Impact Entrepreneur

Adrian Grenier was a rebellious artist before he was known for his acting roles in Entourage, Devil Wears Prada, and Clickbait. Now he’s a rebellious entrepreneur, investor, and activist. Learn how Gr...

26 Touko 202340min

460: 4 Stories. 4 Founders. 4 Lives Changed.

460: 4 Stories. 4 Founders. 4 Lives Changed.

For ten years, we've interviewed hundreds of elite entrepreneurs who’ve started and grown the world's most successful businesses. The reason we connect with these dynamic founders is to break down the...

19 Touko 202340min

459: Forging Meaningful Business Partnerships with Jean Oelwang of Virgin Unite

459: Forging Meaningful Business Partnerships with Jean Oelwang of Virgin Unite

Partnerships can be tricky, especially when you’re starting a business. For ​​Jean Oelwang, creating meaningful partnerships has been her focus for nearly 30 years. Oelwang is the founding CEO and Pre...

12 Touko 202358min

458: Break One Rule and Break It Hard: David Lester of OLIPOP PBC

458: Break One Rule and Break It Hard: David Lester of OLIPOP PBC

David Lester learned a lot from his first venture. After spending a decade in the beverage marketing industry, he teamed up with his co-founder Ben Goodwin to work on formulating a soda that’s good fo...

5 Touko 202352min

457: Why This Generation Will Be the Strongest Founders with David Shein of OHF Ventures

457: Why This Generation Will Be the Strongest Founders with David Shein of OHF Ventures

David Shein was an entrepreneur before it was in vogue. For over three decades, he’s founded, mentored, and invested in exceptional startups. He sold his first company, COMTECH, for over $1 billion–ar...

28 Huhti 20231h 8min

456: How to Build an Unbeatable Business with Square Co-Founder Jim McKelvey

456: How to Build an Unbeatable Business with Square Co-Founder Jim McKelvey

Jim McKelvey was a glassblower when he created the idea for the payment platform Square (now Block, Inc.). He was furious that he couldn’t accept certain credit cards as an artist and contacted a form...

21 Huhti 20231h 4min

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