The chapter explores disruption theory, emphasizing the need for companies to simplify and cut costs to stay competitive. It discusses the innovator's dilemma where companies struggle to adapt to disruptive technologies, using examples like eBay and Google ads. Additionally, the chapter delves into the progress of automating bill payments, managing funds, and the upcoming features of a financial product focusing on direct deposit, auto bill pay, and debit cards.
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