Exploration of the changing landscape in Silicon Valley, from company support strategies to founder-CEO relationships, work ethics, and the correlation between hard work and success. The chapter addresses governance, concerns of greed, attribution errors in associating success with founders, and the value of work ethic over entitlement in the pursuit of extraordinary results.
1:08 Jason intros Andy Rachleff
2:20 Where is Wealthfront at currently?
4:44 How are traditional money managers allowed to get away with so much?
10:19 How has Andy dealt with becoming the elder statesmen at his company?
14:15 What are Wealthfront Cash Accounts?
18:27 Wealthfront's long term vision
23:49 What is high-revenue retention? How does Wealthfront maintain it?
27:44 How has Silicon Valley changed since Andy started at Benchmark?
32:10 Andy describes his greatest skill as an investor
35:30 What were the 1980's like in Venture Capital?
40:05 What do you call a VC who's never lost money?
55:01 Jason & Andy discuss how Silicon Valley is viewed in the present day