Andy Rachleff is the co-founder of Benchmark, one of the most-respected venture capital funds. He also founded and is now the chairman of Wealthfront, a personal finance tool used by millions of customers.
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Andy is the rare case of a person that has achieved the top 1% of success in both the investing world and the startup world, and he has loads of wisdom to share with the world.
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Here are some of the top takeaways from studying Andy and his career.
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โI believe the market is always right, and the market knows a lot better than any of us.โ
Andy Rachleff
"Always put the gun in the other personโs hand. If they shoot you, just donโt work with them anymore."
Andy Rachleff
"Create a fear of loss because fear of loss is a much greater motivator than the joy of gain.โ
Andy Rachleff
"If the customers pull the product out of your hands, you don't have to be that great at operating."
Andy Rachleff
"It's better to amplify the things you're good at than fix the things you're bad at."
Andy Rachleff
"You learn more professionally from success. You learn more personally from failure."
Andy Rachleff
โWhat do you uniquely offer that people desperately want?โ
Andy Rachleff
We started our careers in venture. After about a week, we had a realization.
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We had no idea what we were doing.
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Turns out, we werenโt alone.
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Junior VCs donโt get training. Youโre forced to figure it out on your own.
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Learning the rules, tools, and players takes FOREVER to learn. Thatโs why we made the ultimate VC resource library to speed up the learning curve.
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