Andy Rachleff's Social Links
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)
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.
|“||The single biggest thing that you can do as CEO is not quit.||”|
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.||”|
|“||What most people don’t realize is if you’re right and consensus you don’t make money.||”|
|“||You have to take risks.||”|
Howard Marks, Bruce Dunlevie