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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376: $1 Billion in Exits and Still Hungry with Catch of the Day’s Gabby Leibovich

376: $1 Billion in Exits and Still Hungry with Catch of the Day’s Gabby Leibovich

Gabby started Catch of the Day in a garage with his brother in 2011. Within 4 years they were Australia’s most viewed online shopping site. Since then, Gabby and his brother have invested in 20 startu...

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375: How to Get a Million YouTube Subscribers with Alpha M’s Aaron Marino

375: How to Get a Million YouTube Subscribers with Alpha M’s Aaron Marino

After going bankrupt and losing his business, Aaron Marino launched a men’s lifestyle YouTube channel in 2008. Now he has over 6 million subscribers and is building his channel through sponsorships an...

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374: Finding the Glam “Gap” for Magnetic Eyelashes with Glamnetic’s Cofounders

374: Finding the Glam “Gap” for Magnetic Eyelashes with Glamnetic’s Cofounders

Ann McFerran met Kevin Gould at a photoshoot in LA and immediately connected on his shared passion to start a brand. Together they launched Glamnetic in 2019, which sells magnetic and fake eyelash ext...

8 Sep 202159min

373: Unlocking YouTube’s Audience with Ad Pro Tom Breeze

373: Unlocking YouTube’s Audience with Ad Pro Tom Breeze

Want to create successful YouTube ad campaigns? Of course you do!  YouTube boasts an audience of two billion (yes, billion) monthly users. The right ads can help you reach a big audience, build relati...

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372: Biotech Billionaire Anne Wojcicki, Cofounder and CEO of 23andMe

372: Biotech Billionaire Anne Wojcicki, Cofounder and CEO of 23andMe

You’ve heard data has the power to make or break a business. Nobody knows this more than Anne Wojcicki, co-founder of biotech giant 23andMe. After 15 years of leveraging data to build a game-changing ...

25 Aug 202153min

371: Straight Talk on Selling via Amazon with BuyBoxer’s Scott Needham

371: Straight Talk on Selling via Amazon with BuyBoxer’s Scott Needham

It’s time to get the facts straight on how you can make money selling on Amazon. Scott Needham, founder of SmartScout and co-founder of BuyBoxer, shares how he built a top 25 worldwide Amazon seller a...

18 Aug 202148min

370: How to Build a Billion-User App

370: How to Build a Billion-User App

Prerna Gupta is a serial entrepreneur who entered the tech spotlight when her Songify app hit #1 in the app store. She’s gone on to co-found several startups focused on music, dating, and short storie...

11 Aug 202152min

369: How Deputy is Scaling to Reach 1 Million Workplaces Spending $30k on a Website Domain: Ashik Ahmed of Deputy

369: How Deputy is Scaling to Reach 1 Million Workplaces Spending $30k on a Website Domain: Ashik Ahmed of Deputy

Ashik Ahmed doesn’t like the term “tech unicorn.” As the CEO and cofounder of Deputy, a homegrown workforce management solution, Ashik’s priority is creating impact for their customers. To date, the c...

4 Aug 202143min

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