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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400: From $700K in Debt to $100M in Revenue with Mary Ruth Ghiyam of MaryRuth Organics

400: From $700K in Debt to $100M in Revenue with Mary Ruth Ghiyam of MaryRuth Organics

After her family's failed business left her in $700K in debt, Mary Ruth Ghiyam used client feedback from her private nutrition practice to develop a liquid morning multivitamin.    8 years and 130 pro...

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399: Billionaire Marc Lore Chats Diapers, Buying the Timberwolves, and Creating the Next Generation of Restaurants

399: Billionaire Marc Lore Chats Diapers, Buying the Timberwolves, and Creating the Next Generation of Restaurants

Marc Lore has been a successful entrepreneur since he sold baseball cards as a kid. Now he’s tackling society’s biggest challenges using the skill sets and vision forged in his business career.    Pre...

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398: Advanced Email and SMS Strategies with Dylan Kelley of Wavebreak

398: Advanced Email and SMS Strategies with Dylan Kelley of Wavebreak

Ready to learn how email and SMS can grow your business?    Dylan Kelley started his career cold calling and building landing pages for direct-to-consumer brands. Then, in 2016, he saw the changes in ...

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397: Backed by Mark Cuban and Taking on Banks with Jason Wilk of Dave

397: Backed by Mark Cuban and Taking on Banks with Jason Wilk of Dave

After 125 failed pitch meetings in 6 months, Jason Wilk was almost out of funding and running on fumes. Then one investor wrote him a $10 million check because he believed Jason's team.    Jason Wilk ...

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396: How Erik Huberman Built the Fastest-Growing Marketing Agency in America

396: How Erik Huberman Built the Fastest-Growing Marketing Agency in America

After working years as an entrepreneur and consultant, Erik Huberman realized that the entire marketing ecosystem was broken. So he started his agency called Hawke Media with a few of his most trusted...

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395: Building a Ten-Figure Brand Empire with Emma Grede of Good American, Safely, and SKIMS.

395: Building a Ten-Figure Brand Empire with Emma Grede of Good American, Safely, and SKIMS.

Emma Grede is the marketing and business mind behind a global fashion and lifestyle brand empire. She’s the CEO and cofounder of the first fully inclusive fashion brand Good American, founding partner...

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394: Treating Businesses as Machines with Karl Alomar of M13

394: Treating Businesses as Machines with Karl Alomar of M13

Success seems to follow Karl Alomar wherever he goes. He doesn’t attribute this to magic or luck but to identifying repeatable business patterns that lead to financial growth. After selling his second...

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393: How to Start a Digital Agency with Dee Deng of Right Hook

393: How to Start a Digital Agency with Dee Deng of Right Hook

Dee Deng believes that there's no better time to start a digital agency than now. After a failed startup sent him on a journey of discovery, Dee met his future cofounder in a Neil Patel Facebook group...

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