Adam Nash is the founder and CEO of Daffy, a donor-advised fund platform that's democratizing charitable giving for everyday Americans. Previously, he served as CEO of Wealthfront, where he helped grow the robo-advisor from $80 million to over $80 billion in assets under management. Before that, he held senior product roles at LinkedIn, eBay, and Apple.
What you'll learn:
- How donor-advised funds represent a $557 billion market that most people have never heard of
- Wealthfront's counterintuitive strategy for building trust by targeting tech workers first
- Why subscription business models create better customer relationships than transactional ones
- The three key metrics that subscription businesses should obsess over: acquisition, retention, and churn
- How to design organic network effects that make customers want to share your product
- Why emotional connection is the hidden driver behind every successful scaled product
- The importance of finding the "humanity underneath" when building financial products
- How to turn a financial task into something people genuinely care about
- The behavioral finance insight that separates "how much to give" from "who to give to"
- Why putting money aside for charity (even without knowing the recipient) is the most important first step
- The trust-building power of getting one prestigious customer in B2B sales
- How geographic restrictions can actually help remote companies maintain culture and reduce fraud risk
In this episode, we cover:
(00:00) Introduction to Adam Nash and Daffy
(04:19) What donor-advised funds are and why they matter
(06:32) How Daffy is democratizing charitable giving
(12:23) The emotional connection behind successful products
(15:05) Wealthfront's journey from $80M to $80B
(21:14) The trust-building strategy that worked for fintech
(28:12) Subscription vs. transactional business models
(34:08) Designing organic network effects
(38:20) Adam's giving philosophy and approach
(44:18) The remote work fraud problem and trust issues
(52:00) Building ownership culture in startups
