Tag Archives: tech recruiting

The Two Types of Job Offers

In the past we have written numerous posts to help you evaluate specific job offers, but recently we realized we neglected a critical piece of information. There are two distinct job-offer approaches companies take; each can provide you some real insight into how they operate. Some companies believe in starting with a low offer to see if you will negotiate, while others offer fair market value and usually are not willing to negotiate. There isn’t a correct answer but you do need to recognize which type of company you’re dealing with and decide which type of company you want to work for. The Low-Ball Approach Unfortunately, a common characteristic of very successful entrepreneurs is they are often very cheap when […]

The Automated Investment Service for Everyone

Wealthfront is the world’s largest and fastest-growing automated investment service (AIS). With more than $800 million in client assets under management, Wealthfront offers the most tax-efficient and low-cost index fund-based solution for long-term investors on the market. Having grown more than 700% since the start of 2013, Wealthfront now provides service to clients across all 50 states and Washington, D.C., with client accounts ranging in size from $5,000 to over $10,000,000. Wealthfront is on the leading edge of a much larger trend, one catalyzed by a new generation of younger investors. There are 90 million people in the millennial generation with an aggregate net worth of more than $2 Trillion. They have grown up with software and lived through two […]

The 14 Crucial Questions About Stock Options

Ask These 12 Questions About Your Options

In April 2012 I wrote a blog post titled The 12 Crucial Questions About Stock Options. It was meant to be a comprehensive list of option-related questions you need to ask when you receive an offer to join a private company. Based on the outstanding feedback I received from our readers on this and subsequent posts about options, I’m now expanding the original post a bit. I’ve done just a little updating and posed two new questions – hence the slight title change: The 14 Crucial Questions About Stock Options. Next time someone offers you 100,000 options to join their company, don’t get too excited. Over my 30-year career in Silicon Valley, I’ve watched many employees fall into the trap […]

Introducing Avery Moon, VP of Engineering

Wealthfront is an example of how, as Marc Andreessen says, software is eating the world. More and more major businesses and industries are being run on software and delivered as online services, often at lower cost and to the greater benefit of consumers. This is the part I love. Wealthfront is one of the first companies to embody this trend in the investment world: investing and software are finally converging at Internet scale. I joined the company as Vice President of Engineering to drive this convergence. We deliver automated financial advice as an online service. We put our clients first, rely on rigorous financial research, and harness the power of software to improve our services. As thousands of investors discover […]

Introducing Elliot Shmukler, VP of Product & Growth

Today I am happy to blog for the first time as Wealthfront’s Vice President of Product & Growth. As you may imagine, I am tremendously excited about the Wealthfront product and its potential, especially as the company enters a new phase of growth. But this product has even greater personal relevance for me – I searched for a product like it for more than 10 years to manage my own money. Lessons from the 1990s It all started during the heady days of the late ‘90s – the Web 1.0 boom. With the excitement around us, some of my friends and I interrupted our careers and our college educations to take a shot at Web entrepreneurship. The experience of running a […]

Everyone Deserves Sophisticated Investment Advice

At Wealthfront, our mission is to provide the high-quality financial advice offered by the best financial institutions and private wealth managers, without the high account minimums or costs. Our assets under management have grown more than 70% just since the beginning of 2013. When we launched our flagship service in December 2011, we hoped investors would love our extremely simple, transparent service informed by top academic research. Since that launch, we’ve relentlessly improved the product with features like automatic rebalancing, continuous tax-loss harvesting, differentiated asset location for tax-efficiency and a broadened set of diversified asset classes. Judging by the growth in our assets under management (AUM), our clients really seem to like what we’re doing. In the little more than […]

How To Dig Out From A Career Failure

When I entered the venture capital business in 1982, Route 128 in Boston was as much a breeding ground for startups as Silicon Valley. That is no longer the case. I believe the Valley’s tolerance for failure allowed it to overtake Boston as the world’s technology center. In the Valley, you’re respected for taking a risk even when you fail. In Boston, like most everywhere else in the world, you’re thought to be stupid if you fail. Unfortunately many young people have misinterpreted the Valley’s tolerance for failure as a desire for it. I think of this when former students come by my home office to ask for advice after their startups have failed. First step on the ladder I […]

Adam Nash Joins Wealthfront As COO

Adam Nash, Wealthfront COO

Wealthfront is pleased to announce Adam Nash as our Chief Operating Officer. Adam played a critical role in driving growth and product innovation at LinkedIn and eBay, two of the most successful consumer Internet companies in Silicon Valley. Most recently, he has been Executive in Residence at Greylock Partners. At Wealthfront, he will direct the product, engineering and marketing teams, focusing immediately on adding about 30% to the company’s staff. He will oversee the majority of Wealthfront’s employees. “Adam brings an incredible set of skills to help make our client experience the most delightful in finance. His experience in mobile platforms and social networks and his deep understanding of design will help us better serve our clients,” said Andy Rachleff, […]

48 Hot Tech Companies To Build A Career

Every year, my students at Stanford GSB who want to work for startups ask me for advice on where they should work. I disappoint them by recommending that they not to go work for a startup at all. I tell them three words I know it’s hard for them to hear: You’re not ready. I prefer to see them take their first jobs after graduation at midsized companies with momentum, not startups, because they are the companies most likely to be big successes. Why is success so important? You get more credit than you deserve for being part of a successful company, and less credit than you deserve for being part of an unsuccessful company. Success will help propel your career. […]

How Do I Choose Where To Work?

When it comes to deciding where you’re going to work, the quality of the company trumps everything else. After Wealthfront developed a Startup Compensation Tool allowing people to compare their salary and equity compensation packages against the market, our clients and readers asked us how they could identify a great company to work for. My students at the Stanford Graduate School of Business frequently ask me this question, too. The Patina of Success My answer is: You should most focus on success. You get more credit than you deserve for being part of a successful company, and less credit than you deserve for being part of an unsuccessful company. Success will help propel your career, whether you want to join the […]