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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336: Starting a Business During a Crisis with the founder of Alpha and Strata, Thor Ernstsson

336: Starting a Business During a Crisis with the founder of Alpha and Strata, Thor Ernstsson

Meet Thor Ernstsson. The founder of global giants such as Alpha, Strata, and lead architect for Zygna responsible for Farmville, Ernstsson knows business and products.  In this interview, Nathan sits ...

8 Dec 202053min

335: From 0 to $65m: With Farmgirl Flowers' Christina Stembel

335: From 0 to $65m: With Farmgirl Flowers' Christina Stembel

Faced with 104 rejections, zero-funding, and the prospect of launching a new business during an economic downturn, Christina Stembel has not only grown her company Farmgirl Flowers to a $65m empire, s...

1 Dec 202058min

334: What This Tech Pioneer Is Betting On Next | Matt Mullenweg Of Wordpress

334: What This Tech Pioneer Is Betting On Next | Matt Mullenweg Of Wordpress

As someone who has pioneered the tech industry with his open-source software, and boasts 38% of the internet using his product, Matt Mullenweg is still one of the most humble and inspiring entrepreneu...

24 Nov 202046min

333: The Top Mistakes to Avoid when Managing Remote Teams  with Fibre HR Foundr Lisa Spiden

333: The Top Mistakes to Avoid when Managing Remote Teams with Fibre HR Foundr Lisa Spiden

In this week’s Foundr podcast interview, Nathan Chan sits down with Lisa Spiden, CEO of Workforce Analytics and Foundr of Fibre HR to discuss everything a team leader needs to embody in order to help ...

17 Nov 202041min

332: $16 million a month: The Secret To Success Using Facebook Ads with Nick Shackelford

332: $16 million a month: The Secret To Success Using Facebook Ads with Nick Shackelford

Ever wondered how the elite pros do Facebook ads? This week’s interview with course instructor Nick Shackelford is just that: a no-holding back, all inclusive, step-by-step discussion on running succe...

10 Nov 20201h 4min

331: Mastering Your Mindset and Achieving Success with Andy Frisella of 1st Phorm

331: Mastering Your Mindset and Achieving Success with Andy Frisella of 1st Phorm

Mental toughness isn’t something you’re born with, it’s something you learn and practice and develop over time. And Andy Frisella is living proof of that.  The Founder of 1st Phorm, the “Real AF podca...

3 Nov 20201h 6min

330: The 4 Questions You Need To Be Asking To Make Better Decisions: Kickstarter Co-Founder and Author Yancey Strickler

330: The 4 Questions You Need To Be Asking To Make Better Decisions: Kickstarter Co-Founder and Author Yancey Strickler

Yancey Strickler, Author and Kickstarter Co-Founder In this inspiring podcast interview, Nathan Chan sits down with Kickstarter co-founder and author Yancey Strickler to discuss his 'Bento Box' method...

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329: Why You Don't Need a Mentor & Key Traits EVERY Successful Founder Should Have with Kamal Ravikant

329: Why You Don't Need a Mentor & Key Traits EVERY Successful Founder Should Have with Kamal Ravikant

Kamal Ravikant, Author and Founder, Venture Capitalist In this special podcast interview, Nathan Chan sits down with renowned author and founder Kamal Ravikant to discuss his thoughts on mentorship, e...

20 Okt 20201h 1min

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