Rachleff: Automated investing lacks network effects and won't be winner-take-all
Andy Rachleff · 20VC: Andy Rachleff, Founder @ Benchmark & Wealthfront on What Makes The Best CEO & Board Member & Why Ivy League Endowments Are The Best Managed Capital In The World · Jun 20, 2016 · at 23:46
Andy Rachleff, co-founder of Benchmark Capital and Wealthfront, analyzes the market structure and competitive dynamics of automated wealth management.
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“I don't think it's a winner take all business because it's not a network effect based business, but I think that there's an opportunity to build a really big business if you can really do a great job serving your clients.”
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