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

Episoder(587)

368: The Billion Dollar Blueprint: Ray Dalio

368: The Billion Dollar Blueprint: Ray Dalio

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367: How to Hire Brilliant People & Other Rules for Business | Kayak’s Paul English

367: How to Hire Brilliant People & Other Rules for Business | Kayak’s Paul English

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366: Sock It to Me: How the Cofounders of Bombas Became eCommerce Millionaires

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What do you get when you mix Daymond John, cozy toes, and a charitable mission?    Bombas.    That's right, you get the world's best sock company.    Foundr CEO Nathan Chan recently sat down with Rand...

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365: How to Build a Community of Raving Fans with Radha Agrawal of Daybreaker

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364: The $100B Cereal Entrepreneur: Joe Gebbia of Airbnb

364: The $100B Cereal Entrepreneur: Joe Gebbia of Airbnb

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363: Everything I've Learned Spending $30M on YouTube Ads | Tommie Powers Interview

363: Everything I've Learned Spending $30M on YouTube Ads | Tommie Powers Interview

Tommie Powers is a legend in digital paid advertising. He's consulted on $100+ million in ad spend, including $30 million on YouTube ads alone.    So when Tommie talks about paid YouTube ad strategies...

22 Jun 202153min

362: How to Build a Brand People Love: Red Antler

362: How to Build a Brand People Love: Red Antler

Inc. Magazine called her the most important entrepreneur on the planet. Fast Company called her the "brand whisperer." Emily Heyward of Red Antler is a master at helping a brand stand out from the cro...

15 Jun 202139min

361: The Near-Death Experience That Fuelled Omaze’s Matt Pohlson

361: The Near-Death Experience That Fuelled Omaze’s Matt Pohlson

In this episode of the Foundr podcast, we speak with Omaze’s Matt Pohlson to discuss how a near-death experience taught him a powerful lesson about optimism—and how it changed his perspective on busin...

8 Jun 202153min

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