FutureAdvisor

http://www.futureadvisor.com

Y Combinator // YC S10 starting 2010-06-01

Exited

Key notes: FutureAdvisor is a registered investment advisory firm that manages a user's existing IRA, 401(k), and other investment accounts.

Office address: 580 Market Street, San Francisco, California, United States

Description: FutureAdvisor was founded in 2010 on the premise that investing for your future does not have to be difficult or expensive. Members of the founding finance team have been actively investing and worked in finance for years, and so have always been the ones friends asked for advice. They eventually realized that most of their friends were asking the same questions (how should I allocate my money?), making some of the same mistakes (buying high-fee funds), and that the best way for us to help everyone was implement the wisdom of index investing in software. History has shown that most professional mutual fund managers cannot match the long-term performance of index funds, much less beat them. In addition, many funds charge high fees and generate massive turnover, such that the average fund under performs the S&P 500 Index by 3% per year. Yet less than 1/5th of investors' portfolios are in index funds because many don't know where to start or how to manage it over time: they're here to help. If you agree luminaries such as Jack Bogle, founder of Vanguard, or David Swensen, head of the Yale Endowment, that low-cost index investing is the key, then FutureAdvisor is for you.

View details on Crunchbase:

http://www.crunchbase.com/organization/futureadvisor

$ 21,500,000 over 4 funding rounds.

Exit value: $ 150,000,000

Seed-DB Exit data:

Exit value = $ 150,000,000. (Confidence = )

Angellist Page:

https://angel.co/futureadvisor

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Funding Rounds

Date	Name	$ Invested	Crunchbase link
2010-01-01	seed	$ 1,000,000	Detailed data
2012-03-20	undisclosed		Detailed data
2014-05-21	venture	$ 15,500,000	Detailed data
2012-08-22	venture	$ 5,000,000	Detailed data

Investors

Round Date	Round Name	Investor	Crunchbase Link
2012-08-22	venture	Sequoia Capital	Investor Profile
2010-01-01	seed	Raymond Tonsing	Investor Profile
2014-05-21	venture	Canvas Venture Fund	Investor Profile
2010-01-01	seed	Madison Angels	Investor Profile
2010-01-01	seed	Raj Sandhu	Investor Profile
2014-05-21	venture	Y Combinator	Investor Profile
2010-01-01	seed	Great Oaks Venture Capital	Investor Profile
2010-01-01	seed	Y Combinator	Investor Profile
2014-05-21	venture	Sequoia Capital	Investor Profile
2010-01-01	seed	Benjamin Ling	Investor Profile
2014-05-21	venture	Devonshire Investors	Investor Profile
2010-01-01	seed	Andrew Boszhardt, Jr.	Investor Profile