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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald