Quotes

"Live every day like it’s your last. "

Unknown

Read More...
Personal tools

Sign in with

Follow Us On...
NEWS FEED
More News...
Namespaces

Variants
Actions

Andy Rachleff

From EntrepreneurWiki
Jump to: navigation, search
Image

Andy Rachleff's Social Links

Profile

Andy Rachleff received his MBA from the Stanford Graduate School of Business and was awarded his BS from the University of Pennsylvania. Andy Rachleff, along with Dan Carroll founded Wealthfront, an investment company that is easy to use and has low charges and fees.

In 2004, after leaving Venture Capital, which he co-founded, Rachleff joined the teaching staff of the Stanford Graduate School of Business to instruct entrepreneurship classes. Additionally, Andy acts as a trustee of the University of Pennsylvania, the Chairman of the board of overseers for its School of Engineering and Applied Science and a vice chairman of its endowment investment committee. Rachleff has a place on the board of the Damon Runyon Cancer Research Foundation. There he helped create a new award he partnered which awards and provides funds for early career investigators to perform high risk/high reward research to impact the diagnosis, prevention, and treatment of cancer.

In January of 2014, Rachleff left the CEO position of Wealthfront and Adam Nash replaced him. Rachleff felt with Nash as CEO the company could better obtain the short-term goal of having a 100 million in company assets.

Companies and Investments

Wealthfront (co-founder), CapitalVenture (co-founder)

Lessons Learned

I have learned that instead of starting with a market and then frantically searching for a product, it is much better to start with a product you believe in and to then find your niche market.

Another lesson learned is that people want returns, but they do not want to step out and make the big risk to get the rewards. They may say they want the risk, but are not always willing to follow through with the actual action.

Inspiring Quotes

The single biggest thing that you can do as CEO is not quit.

Ben Horowitz

Andy Rachleff's Quotes

So I would say of the… You know there’s a two tiered market in venture. 2% of the firms generate 95% of the industry’s returns.

Andy Rachleff

What most people don’t realize is if you’re right and consensus you don’t make money.

Andy Rachleff

You have to take risks.

Andy Rachleff

Influential Books

Eric Ries - The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses

Steve Blank - The Four Steps to the Epiphany

Mentors

Howard Marks, Bruce Dunlevie

References


Technical

0.00
Share/Save/Bookmark