Rachleff: 90% of a VC's value creation comes purely from stock selection
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 11:58
Andy Rachleff is a co-founder of Benchmark Capital and Wealthfront. He is reflecting on the role of VCs and whether operational involvement or board work meaningfully drives firm returns.
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“90% of the value added of a venture capitalist is finding and choosing the right investments.”
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