Wealthfront, a startup that has been disrupting the investing and personal finance space, is debuting a new video tonight that is definitely worth a look. The video features content from Google executive chairman Eric Schmidt, Andreessen Horowitz co-founder Ben Horowitz, Qatalyst CEO Frank Quattrone, and Benchmark Capital partner Bill Gurley and features their perspectives on recent tech IPOs and their significance to the industry. You can access the video below or here.
Some of the highlights include lessons learned from the last bubble, what to expect from this new wave of tech IPOs and why going public is great for companies. For example, Schmidt gives his advice for employees of companies going public: he recommends taking your time and being careful about selling stock so that you actually make money and don’t just incur a heavy tax liability.
Horowitz comments on the whole bubble question, “There’s no way that people would consider this a bubble unless they aren’t paying attention. I get asked the bubble question all the time…if we were in a bubble no one would ask me this.”
As we’ve written in the past, Wealthfront brings the quality investment theories of a fund manager online, at a much lower fee, essentially democratizing private wealth management to the masses. The startup is the brainchild of Andy Rachleff, who was formerly a founder of Benchmark Capital. The startup has raised over $10 million from DAG Ventures and individual investors including Marc Andreessen, Jeff Jordan and partners from Benchmark Capital, Index Ventures and Kleiner Perkins Caufield & Byers.