In May 2020, we had a very interesting discussion with Andy Rachleff, co-founder and CEO of Wealthfront, co-founder of Benchmark Capital, and a Penn alumnus.
We explored some of the most important questions a founder needs to answer: How do you find product-market fit? How do you know when your company has found it? And, how do you do this in today’s crisis.
We also discussed Andy’s Wealthfront journey and Wealthfront’s current direction of becoming the next generation banking service. We talked about about how he navigates this crisis that directly affects his customers and personal finances during a down market.
About Andy Rachleff
From 1995 until 2004 Andy was a co-founder and General Partner of Benchmark Capital. Upon his retirement from Benchmark, Andy joined the faculty of the Stanford Graduate School of Business to teach a variety of courses on technology entrepreneurship. In 2011 he co-founded Wealthfront Inc. where he now serves as President & CEO. Prior to his 10 years at Benchmark Capital, Andy spent 10 years with Merrill, Pickard, Anderson & Eyre.
Andy serves as a trustee of the University of Pennsylvania, a member of its executive committee and Chairman of its endowment investment committee. He also sits on the board of the Damon Runyon Cancer Research Foundation with whom he and his wife partnered to provide funding for early-career investigators to conduct high risk/high reward research to significantly impact the prevention, diagnosis, and treatment of cancer.
Andy earned his BS from the University of Pennsylvania in 1980 and MBA from the Stanford University Graduate School of Business in 1984.
About our sponsor
The Silicon Valley office and DigitalBCG Immersion Center opened in January 2019 to serve BCG’s local clients while providing the valley with a state-of-the-art office and events center. The unique space enables us to showcase our digital capabilities and build on our strong connections to Silicon Valley’s innovation ecosystem.
The Wharton Alumnae Founders & Funders Association (WAFFA) is a 501c3 non-profit organization. Our mission is to accelerate the success of Penn Wharton female founders and investors. Today, 13% of Penn founders are women but they raise just 6% of venture capital. WAFFA harnesses the power of the Penn Wharton network to educate, support, and foster connections for female founders and funders.