FutureAdvisor Raises $5 Million to Help People Invest More Wisely

FutureAdvisor has raised $5 million in a first round to help provide financial advice using algorithms. In addition, the Seattle company said it is launching a new service that will analyize fees and provide recommendations to help people save money on their 401(k) plans. The company’s investors include Sequoia Capital, former PayPal exec and Square COO Keith Rabois and Yelp founder Jeremy Stoppelman.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik