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Andy Rachleff shares insights on transitioning from investor to entrepreneur, emphasizing authenticity in seizing opportunities and the significance of aiming for substantial success over constant correctness. The episode concludes with a sponsorship shoutout for Success Story, a podcast highlighting business leaders' discussions on AI and content creation.

From the archive: This episode was originally recorded and published in 2021. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL's in these archive episodes are still relevant.

Andy is Wealthfront's co-founder and CEO. He serves as chairman of the UPenn endowment investment committee and teaches technology entrepreneurship at Stanford GSB. Previously, Andy co-founded and was general partner of Benchmark Capital.

Top 3 Value Bombs

1. Not every business is meant to be mission-driven. If you build a commodity product, it’s hard to be mission-driven. You have to have an element of changing the world to be mission-driven.

2. You don’t find the idea. They find you from your authenticity to the opportunity because you will recognize that inflection point well before someone else might.

3. Don’t focus on the percentage of times that you’re right. Focus on the magnitude of when you are.

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