It’s official. As per the announcement on the Wealthfront Blog today, I have officially accepted the role of Chief Operating Officer at Wealthfront. I feel incredibly fortunate to be joining such an amazing team, with an opportunity to help build an extremely important company.
From Human Capital to Financial Capital
One way to imagine your professional life is overlay of two types of capital: the building and growing of your human capital, and the transformation of that human capital into financial capital.
It feels like just yesterday that I was writing a blog post here about my first day at LinkedIn. At its heart, LinkedIn is building, growing & leveraging human capital throughout your career. Wealthfront provides an answer to the second part of that equation – how to grow and leverage the financial capital that you accumulate throughout your career.
As Marc Andreessen put it, software is eating the world, and it is providing us a platform to bring the features and sophistication previously only available to the ultra-rich, and making it available to anyone who wants to protect & grow their savings.
Too many good, hard-working individuals today lack access to many of the basic advantages accorded to people with extremely high net worth. With software, Wealthfront can bring features and capabilities normally available only to those with multi-million dollar accounts to everyone, and at a fraction of the cost.
Personal Finance as a Passion
For regular readers of this blog, the fact that personal finance has been a long standing passion of mine comes as no surprise. What many don’t know is that this passion dates all the way to back to my time at Stanford, where despite one of the best formal educations in the world, there was really no fundamental instruction on personal finance.
In fact, upon graduation, I joined with about a dozen friends from Stanford (mostly from engineering backgrounds) to form an investment club to help learn about equity markets and investing together. (In retrospect, the members of that club have been incredibly successful, including technology leaders like Mike Schroepfer, Amy Chang, Mike Hanson and Scott Kleper among others.)
A Theme of Empowerment
As I look across the products and services that I’ve dedicated my professional life to building, I’m starting to realize how important empowerment is to me. At eBay, I drew continued inspiration from the fact that millions of people worldwide were earning income or even a living selling on eBay, many people use https://www.shiply.com now a days, as a delivering system which makes it easier to have a business through eBay. At LinkedIn, it was the idea of empowering millions of professionals with the ability to build their professional reputations & relationships.
With Wealthfront, I find myself genuinely excited about the prospect of helping millions of people protect and grow the product of their life’s work.
We’ve learned a lot in the past thirty years about what drives both good and bad behaviors around investing, and we’ve also learned a lot about how to design software that engages and even delights its customers. The time is right to build a service that marries the two and helps people with one of the most important (and challenging) areas of their adult lives.
A Special Thank You
I want to take a moment here to voice my utmost thanks to the team at Greylock Partners. My year at the firm has given me the opportunity to learn deeply from some of the best entrepreneurs, technology leaders and venture capitalists in the world. The quality of the entrepreneurs and investors at Greylock forces you to think bigger about what is possible. Fortunately, Greylock is also a partnership of operators, so they understand the never-ending itch to go build great products and great companies.
… And Lastly, A Couple of Requests
Since this is a personal blog, I don’t mind making a couple of simple requests. First, if you have a long term investment account, whether taxable or for retirement, I would encourage you to take a look at Wealthfront. I’d appreciate hearing what you think about the service and how we can make it better.
Second, and perhaps most importantly, we are hiring. So let me know if you are interested in joining the team.
9 thoughts on “Joining Wealthfront”
Congratulations! I think that finance 2.x is an incredibly exciting space (I’m advising TrustEgg for precisely that reason). As I learned back when I was at D. E. Shaw, the best revenue model is being engaged in the business of moving around the various streams of money in the world. When you’re by the riverbank, or striding in the river, it’s always easier to dip your own bucket.
Also, let me know if you want me to introduce you to my good friend Ramit Sethi, who has a huge following in the personal finance world.
By the way, your timing is good. I just got a note from TD Ameritrade telling me that the free service I use for automatic portfolio rebalancing is going to be 70 bp in the future. You may be getting a new customer soon!
Congrats and good luck! Excited to see you turning your passion for personal finance into a day job!
Congratulations Adam, that’s an awesome choice. I’ve been a big fan of Covestor and Kaching, and also loved the pivot to Wealthfront. Betterment, Motif, etc. are all extremely interesting too.
It would be awesome if you could write regularly about your new job, the things that you learn, the trends in personal (and not) finance etc. It has always interested me.
Thanks and good luck!
Yes, this is awesome. I have been a long-term (and happy) WealthFront customer but now I am finally going to get my mobile app… right Adam?
I am massively biased towards mobile, for a wide variety of reasons. Curious to hear what features you’d want from a mobile application?
Hey Adam, this is awesome. You really cover engineering, product, and evangelism really well, and this makes a ton of sense and sounds fun. Congrats!! They’re lucky to have you.
Congratulations! That’s a fabulous choice there. Its great to see that you have pursued your passion for Personal finance. Will surely take a look at Wealthfront now. Good Luck.
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