Chapter
Wealth management and software growth
30:54 - 35:36 (04:41)
The founder of Wealthfront could have amassed great wealth by creating software firms similar to the robo-advisor startup by investing in the low fee index fund strategy. There are many versions of the same tool, and opting to monetize products valued as software companies instead of platforms can maximize profits, as seen in the case of Optin Monster.
Clips
The speaker discusses the opportunities missed in the personal finance space, such as building a robo-advisor like Wealthfront, and instead focused on software companies as a source of revenue, which can lead to varying degrees of success.
30:54 - 35:36 (04:41)
Personal Finance
Summary
The speaker discusses the opportunities missed in the personal finance space, such as building a robo-advisor like Wealthfront, and instead focused on software companies as a source of revenue, which can lead to varying degrees of success.