News, Vision & Voice for the Advisory Community


Sequoia Capital bet and won big on FutureAdvisor; now it's wagering $14.5 million on Vise and its 'extreme value proposition' for RIAs

The legendary VC sold FA to BlackRock for $150 million , cooled its heels, then re-upped in Robo 2.0 wave with TD, Schwab, Riskalyze and Jon Xu playing roles

Author Oisin Breen July 6, 2020 at 7:16 PM
no description available
Friends for a decade, Runik Mehrotra and Samir Vasavada have raised $18 million in VC funds, largely on the promise that they can take on -- and beat -- current B2B robos like Betterment.






Brian Murphy

Brian Murphy

July 7, 2020 — 5:35 AM
Best wishes to Samir, Runik, Robert and the extended team at Vise. The industry certainly needs a shake-up! Let's see what you can do with $18MM.


July 7, 2020 — 2:07 PM
I always enjoy reading stuff by Brooks because it always provides a fresh take on our industry. Did he even read this smoke and mirrors article before it was posted? Sequoia is a great VC but lacks the understanding of advisors. To to say you have 1 BN in committed assets while only managing 4mm is a bit foolish. Shows a real lack of understanding of me and my peers to say that money is definitely coming from established managers to them. I'd be shocked if this firm had more than over 50mm by the end of the year. Looking forward to seeing how it shakes out with a follow up article in December.
J. L. Livermore

J. L. Livermore

May 24, 2023 — 10:23 PM
I am borrowing from my contemporaries Freud and Einstein with my added opinion. What we have here is the belief that if we keep doing the same thing over and over again we will eventually get a different result. Fund, fail, pivot. Fund, fail, pivot ad infinitum. Freud calls this repetition compulsion. Einstein calls it insanity. And I call it fatuity. JLL

Related Moves

June 8, 2021 at 2:56 AM

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings

Common Tags

Recent Articles

Popular Writers

RIABiz logo


About Us




RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.