E1002: Wealthfront CEO & Co-founder Andy Rachleff on hitting escape velocity at Wealthfront, pioneering “self-driving money” for consumers, shares insights on product-building in 1980’s vs. today, best investor attributes, & the future of NextGen banking

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 19 November 2019

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

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Summary

1:08 Jason intros Andy Rachleff
2:20 Where is Wealthfront at currently?
4:44 How are traditional money managers allowed to get away with so much?
10:19 How has Andy dealt with becoming the elder statesmen at his company?
14:15 What are Wealthfront Cash Accounts?
18:27 Wealthfront's long term vision
23:49 What is high-revenue retention? How does Wealthfront maintain it?
27:44 How has Silicon Valley changed since Andy started at Benchmark?
32:10 Andy describes his greatest skill as an investor
35:30 What were the 1980's like in Venture Capital?
40:05 What do you call a VC who's never lost money?
55:01 Jason & Andy discuss how Silicon Valley is viewed in the present day

Transcript

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1:07.0	Okay everybody welcome to an amazing episode of this week in startups.
1:11.0	Sometimes in the program I bring a world-class
1:14.9	investor, somebody who has invested and defined the industry. Other times I'll
1:20.8	bring a world-class founder onto the podcast.
1:23.7	And once in a blue moon, I find somebody
1:26.6	who has been a world-class investor
1:29.6	and a world-class entrepreneur and CEO.
1:34.3	Andy Radcliffe is one of those individuals having been one of the, I believe you were a founding
1:39.9	partner of Benchmark? Correct. And obviously the president CEO and
1:45.2	co-founder of Wealth Front, which I'm lucky enough to have just weasel my
	...

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