Andy Rachleff

Last updated
Andy Rachleff
Alma mater
Occupations
Known for
Board member of
SpouseDebra Rachleff

Andy Rachleff is a co-founder and Executive Chairman of Wealthfront. [1] [2] [3] He had previously been the executive chairman of the company after stepping down as the CEO, but then returned to the CEO role on October 31, 2016. [3] [1] [4] [5] [6] Rachleff co-founded Benchmark Capital in 1995 and was a general partner until 2004. [1] [5] Prior to Benchmark, Rachleff was a general partner with Merrill, Pickard, Anderson & Eyre. [1]

Career

Rachleff co-founded Benchmark Capital, a venture capital firm, in 1995. [7] The firm invested in companies including eBay, OpenTable, Snapchat, Twitter and Uber. [6] Rachleff led investments in Blue Coat Systems, Equinix and Juniper Networks. [8]

In 2000, Rachleff joined the University of Pennsylvania Board of Advisors for the school of engineering. [7] He retired from Benchmark Capital in late 2004 and began teaching technology entrepreneurship courses at Stanford Graduate School of Business in January 2005. [1] [9] In 2005, he also joined the University of Pennsylvania board of trustees where he is the Chairman of the university's endowment investment committee and a member of the executive committee. [10]

Rachleff and his wife, Debra, partnered with the Damon Runyon Cancer Research Foundation in 2007 to fund novel cancer research projects that did not receive funding from the National Institutes of Health. [8]

In 2008, Rachleff co-founded Wealthfront (formerly known as kaChing). [11] In December 2011, the company launched its automated investment service. [11] Rachleff was the CEO and president until Adam Nash succeeded him on January 1, 2014. He returned to the CEO role on October 31, 2016 [3] and is CEO and chairman of the company. [9] [12]

Rachleff teaches courses on technology entrepreneurship at Stanford Graduate School of Business. [1] [2] [6] [13] He is a trustee of the University of Pennsylvania, chairman of the board of overseers for its School of Engineering and Applied Science and vice chairman of its endowment investment committee. [1] [5] He is also a board member of the Damon Runyon Cancer Research Foundation. [1]

Rachleff has a BS from the University of Pennsylvania and a MBA from Stanford University. [1] [6]

Related Research Articles

<span class="mw-page-title-main">Craig Barrett (chief executive)</span> American business executive

Craig R. Barrett is an American business executive who served as the chairman of the board of Intel Corporation until May 2009. He became CEO of Intel in 1998, a position he held for seven years. After retiring from Intel, Barrett joined the faculty at Thunderbird School of Global Management in Phoenix.

<span class="mw-page-title-main">Jean Case</span> American businesswoman (born 1959)

Jean Case is an American businesswoman, author, and philanthropist who is chair of the board of National Geographic, CEO of Case Impact Network, and CEO of the Case Foundation. She is married to AOL co-founder Steve Case.

Mayo A. Shattuck III is an American businessman and philanthropist. He served as non-executive chairman of Chicago-based Exelon Corporation (2012-2022). He is currently Chairman of Gap INC., Board member of Capital One Financial and HUT8, and Chairman of the Board of Johns Hopkins Medical and Johns Hopkins Health System. Shattuck is involved in a number of philanthropic efforts, including those at the Johns Hopkins University, First Tee, and the University of Maryland Baltimore County and is a notable advocate for nuclear power.

Charles “Charley” D. Ellis is an American investment consultant. In 1972, Ellis founded Greenwich Associates, an international strategy consulting firm focused on financial institutions. Ellis is known for his philosophy of passive investing through index funds, as detailed in his book Winning the Loser’s Game.

Richard Barton is an American internet entrepreneur who is the co-executive chairman and a former two-time chief executive officer of Zillow Group, a company he co-founded in 2006. Barton founded online travel company Expedia, Inc., real-estate internet company Zillow, and job search engine and career community Glassdoor. He also founded the online travel photography sharing website and app Trover, which was acquired by Expedia in 2016. Barton was also a venture partner at Benchmark, and is on the board of directors for Netflix, Avvo, Nextdoor, and Artsy. He serves on the Stanford University Board of Trustees.

<span class="mw-page-title-main">Alan M. Leventhal</span> American businessman and diplomat (born 1952)

Alan M. Leventhal is an American businessman who has served as the United States ambassador to Denmark since July 2022. He is the founder, chairman and chief executive officer of Beacon Capital Partners. Leventhal served as president and chief executive officer of Beacon Properties Corporation, one of the largest real estate investment trusts (REIT) in the United States.

The Damon Runyon Cancer Research Foundation is an American not-for-profit cancer research organization focused on "discovering the talent to discover the cure". The organization states that its goals are to: "identify the best and brightest early career scientists in cancer research, accelerate the translation of scientific discoveries into new diagnostic tools and treatments, and to enable risk-taking on bold new ideas".

<span class="mw-page-title-main">Jim Breyer</span> American venture capitalist (born 1961)

James W. Breyer is an American venture capitalist, founder and chief executive officer of Breyer Capital, an investment and venture philanthropy firm, and a former managing partner at Accel Partners, a venture capital firm. Breyer has invested in over 40 companies that have gone public or completed a merger, with some of these investments, including Facebook, earning over 100 times cost and many others over 25 times cost. On the Forbes 2021 list of the 400 richest Americans, he was ranked #389, with a net worth of US$2.9 billion.

<span class="mw-page-title-main">David Morgenthaler</span> American businessman

David Turner Morgenthaler was an American businessman who founded the venture capital firm Morgenthaler Ventures. He was also instrumental in helping change the U.S. capital gains tax rate from 49% to 28% in 1978 and amending ERISA legislation to allow pension funds to invest in venture capital in 1979.

<span class="mw-page-title-main">Mike Schroepfer</span> American businessman

Mike Schroepfer is an entrepreneur, technical architect, climate investor, and philanthropist who was the chief technology officer (CTO) at Meta Platforms between March 2013 and March 2022. In 2022 he took a step back and transitioned to become Senior Fellow at Meta to focus on investing and philanthropic work related to addressing the climate crisis. Schroepfer's current focus is investing in tech and science to fight climate change through his VC firm Gigascale Capital, philanthropic entity Additional Ventures, and as board chair of the Carbon to Sea Initiative.

<span class="mw-page-title-main">Mike Volpi</span>

Michelangelo "Mike" Volpi is an Italian-American businessman and venture capitalist.

Paul G. Haaga, Jr. is an American businessman who was the acting CEO of NPR from 2013 to 2014. He is the former chairman and director of Capital Research and Management Company. He retired from Capital Group at the end of 2012. Haaga is also the chair of the Facebook Oversight Board.

Raymond J. Lane is an American business executive and strategist specializing in technology and finance. Lane is best known for assisting corporations with technology strategy, organizational development, team building, and sales and growth management.

Alexander Knaster is a British businessman. A billionaire, he is founder of Pamplona Capital Management. He is documented to giving large donations to the Conservative Party in The United Kingdom.

<span class="mw-page-title-main">Wealthfront</span> Automated investment service firm

Wealthfront Inc. is an automated investment service firm based in Palo Alto, California, founded by Andy Rachleff and Dan Carroll in 2008. As of October 2024, Wealthfront had over $75 billion AUM across more than 1,000,000 accounts.

Adam Nash is the CEO and co-founder of Daffy, a new fintech platform focused on charitable giving. Nash has been influential in fintech most notably as a serial angel investor, advisor, and board member in over 100 companies such as Acorns, Gusto, Figma, and Opendoor. His investments are geared towards making financial tools more accessible to the public via tech-enabled products. Nash’s interest in democratizing access to technology and its communities extends through his non-profit work starting in 2011 with Oshman Family JCC and most recently as the co-Chairman of ICON, a non-profit organization.

<span class="mw-page-title-main">Vinay Nair</span>

Vinay Nair is a serial entrepreneur and academic. He is involved as an advisor or board member in several companies in financial services, across investment management, venture capital and fintech. He is the founder and chairman of TIFIN, an AI platform to create and manage a portfolio of fintech brands and companies in areas of wealth management and asset management, as well as founder and chairman of 55ip, a fintech firm with offices in Boston and Mumbai, India that was acquired by J.P.Morgan.

<span class="mw-page-title-main">Russ Ramsey</span> American financier and philanthropist

W. Russell "Russ" Ramsey is an American financier and philanthropist, and the founder, chairman and CEO of asset management firm Ramsey Asset Management. He cofounded the Washington, D.C., investment firm Friedman, Billings, Ramsey Group in 1989, where he served as president, secretary and co-CEO through 2001. He also served as JV partner and a member of the Board of Directors until his retirement in 2007. He is also a founding investor in the non-profit investment organization Venture Philanthropy Partners.

<span class="mw-page-title-main">Mark Leslie (entrepreneur)</span>

Mark Leslie is an American billionaire entrepreneur, business executive, venture capitalist and educator. He is a lecturer in management at the Stanford Graduate School of Business, where he lectures on entrepreneurship, sales organization, and ethics. He is also the managing director of Leslie Ventures, a private investment company.

References

  1. 1 2 3 4 5 6 7 8 9 "Andrew S. Rachleff". Stanford Graduate School of Business. Retrieved 2014-08-23.
  2. 1 2 Marcus Wohlsen (2012-10-03). "You're Young and Rich, Now What? 10 Questions With Wealthfront CEO Andy Rachleff" . Retrieved 2014-08-23.
  3. 1 2 3 "Exclusive: Wealthfront's Founder Reclaims CEO Role as Current Chief Steps Down". Fortune. 2016-10-31. Retrieved 2016-11-11.
  4. ↑ Liz Gannes (2014-01-13). "Wealthfront Leaps Out in Online Financial Advising" . Retrieved 2014-08-23.
  5. 1 2 3 "Why Angel Investors Don't Make Money … And Advice For People Who Are Going To Become Angels Anyway". 2012-09-30. Retrieved 2014-08-23.
  6. 1 2 3 4 "Episode: 335: Andy Rachleff, CEO of Wealthfront -TWiST #E335" . Retrieved 2014-08-23.
  7. 1 2 Amy Biemiller. "Andy Rachleff: A Passion for Technology". Penn Engineering.
  8. 1 2 Bernadette Tansey (2008-01-15). "Silicon Valley venture capitalist backs offbeat cancer cure ideas" . Retrieved 2014-08-23.
  9. 1 2 Brooke Southall (2014-01-30). "Andy Rachleff is out as CEO of Wealthfront as former LinkedIn star takes his place" . Retrieved 2014-08-23.
  10. ↑ "The Trustees" . Retrieved 2014-08-23.
  11. 1 2 Leena Rao (December 1, 2011). "Wealthfront Debuts Customized, Intelligent Online Investment Advisor For The Tech Community" . Retrieved 2014-08-23.
  12. ↑ Erika Brown Ekiel (2013-06-25). "Andy Rachleff: Democratizing the Investment Business" . Retrieved 2014-08-23.
  13. ↑ "Andy Rachleff: With Facebook, Valley unearths lost art of IPO". February 6, 2012. Retrieved 2014-08-23.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.