Andy Rachleff on Investing, Company-Building & Product Market Fit… Lessons from Wealthfront & Benchmark

Summary: Andy Rachleff (@arachleff), president and CEO of Wealthfront, joins Anne Dwane and Lucas Bagno to discuss:<br><br>- What Andy learned from endowment investing and his quest to democratize excellent investing advice at Wealthfront.<br><br>- Why you shouldn’t try to time the market and why in his opinion all-time highs are “absolutely irrelevant.”<br><br>- Andy’s lessons from witnessing four day-trading frenzies in his career and why you should think about absolute return rather than relative returns.<br><br>- How his position on crypto has evolved over time and why he’s optimistic about its ability to revolutionize commerce but skeptical about its place in an investment portfolio.<br><br>- His learnings on product market fit from Don Valentine, and why Don said that if a startup can screw something up, it will. He also said that to succeed, it needs the market to pull the product out of the startup’s hands.<br><br>- Why operating investors often make better investment decisions because operating experience is a proxy for network rather than because of the operating experience itself. <br><br>- His top book recommendations.<br><br>Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. <br><br>Check us out on the web at <a href="http://www.villageglobal.vc" rel="noopener">www.villageglobal.vc</a> or get in touch with us on Twitter @villageglobal.<br><br>Want to get updates from us? Subscribe to get a peek inside the Village. We’ll send you reading recommendations, exclusive event invites, and commentary on the latest happenings in Silicon Valley. <a href="http://www.villageglobal.vc/signup" rel="noopener">www.villageglobal.vc/signup</a>