Andy Rachleff on management theory, Reed Hastings’ genius, lessons from passing on Netflix | E1158

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Show notes:

0:00 Start

1:08 Jason intros Andy Rachleff & they discuss the importance of optimism throughout down years

7:16 Correcting investment behavior

11:31 ChartHop - Get $600 in credits at https://charthop.com/twist

13:10 Maintaining sanity as an investor

16:02 Management theory, adding value, risk taking, Pareto principle

25:20 Odoo - Get your first app free & $1000 off your first implementation pack at https://odoo.com/twist

26:42 Succeeding against large incumbents, importance of word-of-mouth in exponential consumer growth, mistakes of paid growth

33:24 What made Don Valentine special

34:36 Squarespace - Go to https://squarespace.com/twist for a free trial, and use code TWIST for 10% off

36:31 Netflix's streaming MVP, Reed Hastings' genius & journey to Netflix

47:04 Why Benchmark passed on Netflix 3 times, Wealthfront's culture & Andy's management strategy

55:41 Jim Collins' impact on Benchmark & Wealthfront, how Wealthfront innovates in consumer finance vs. branch-based banks

1:09:14 Wealthfront's second decade, faking founder authority

1:18:32 Talent management philosophy

1:27:16 Learning from vengeful career actions, sharp-elbowed venture capital stories

1:41:53 Thoughts on legacy, advice for new investors joining the markets

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