20VC: Andy Rachleff, Founder @ Benchmark & Wealthfront on What Makes The Best CEO & Board Member & Why Ivy League Endowments Are The Best Managed Capital In The World

20VC: Andy Rachleff, Founder @ Benchmark & Wealthfront on What Makes The Best CEO & Board Member & Why Ivy League Endowments Are The Best Managed Capital In The World

From 1995 until 2004 Andy Rachleff was a co-founder and General Partner of Benchmark Capital, who have backed the likes of Twitter, Snapchat, Dropbox, Uber and Instagram. Upon his retirement from Benchmark, Andy joined the faculty of the Stanford Graduate School of Business to teach a variety of courses on entrepreneurship. In 2008 he co-founded Wealthfront Inc, the online financial advisor and investment management solution, where he now serves as Executive Chairman. In just 3 years, Wealthfront now have over $2bn AUM. In Today's Episode You Will Learn:

1.) How Andy made his way into the world of VC and what was the origin story behind the founding of Benchmark?

2.) Andy took the opposite route to most having been a VC and then founding Wealthfront. So what does Andy make of doing VC first and then becoming an operator?

3.) Why does Andy believe Ivy League endowments are the best managed pools of capital? What do they do well and what separates the good from the great?

4.) Andy has worked with some of the world's best CEO's and board members, so what makes the best board member and what makes the best CEO?

5.) How has Andy seen the VC industry evolve and develop over the last 20 years? How has Andy seen his own investment decision making process and patter recognition alter over that time?

Items Mentioned In Today's Episode:

Andy's Fave Book: The Innovator's Dilemma

As always you can follow The Twenty Minute VC, Harry and Andy on Twitter here! The Twenty Minute VC is brought to you by Leesa, the Warby Parker or TOMS shoes of the mattress industry. Lees have done away with the terrible mattress showroom buying experience by creating a luxury premium foam mattress that is order completely online and ships for free to your doorstep. The 10 inch mattress comes in all sizes and is engineered with 3 unique foam layers for a universal, adaptive feel, including 2 inches of memory foam and 2 inches of a really cool latex foam called Avena, design to keep you cool. All Leesa mattresses are 100% US or UK made and for every 10 mattresses they sell, they donate one to a shelter. Go to Leesa.com/VC and enter the promo code VC75 to get $75 off!

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20 VC 016: Y Combinator, Twitch.TV and Socialcam with Mike Seibel

20 VC 016: Y Combinator, Twitch.TV and Socialcam with Mike Seibel

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20 VC 015: Marketplaces, IPOs and the NY Startup Scene with Lisa Wu

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26 Feb 201517min

20 VC 014: Acquired by Salesforce turned VC with Kyle Lui

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20 VC 013: Frank Meehan Series A, Spark Labs and The Future of The Asian Tech Market

20 VC 013: Frank Meehan Series A, Spark Labs and The Future of The Asian Tech Market

Frank is Co-Founder and General Partner at Spark Labs Global seed fund where he has invested in 40 companies in the US, UK and Asia. Previously, Frank was part of Horizon Ventures where he represented...

20 Feb 201519min

20 VC 012: Angel Investing, Accelerators and AdTech with Clark Landry

20 VC 012: Angel Investing, Accelerators and AdTech with Clark Landry

Clark Landry is Founder and Chairman at Shift, the leading social advertising network for brands. He is also Executive Chairman of GraphEffect, a prominent social media marketing firm. In recent years...

18 Feb 201526min

20 VC 011: London's Early Stage Funding Scene with Thomas Jones

20 VC 011: London's Early Stage Funding Scene with Thomas Jones

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9 Feb 201525min

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20 VC: Niko Bonatsos on Startup Valuations

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20 VC 009: Red Flags, Saas and becoming a VC with Joe Floyd

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2 Feb 201515min

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