Betterment CEO hangs it up

[mickeyd]

Pretty impressive from $0 to $25B in ten years.

Betterment made its debut at TechCrunch Disrupt conference in 2010. With its launch, Stein helped shape a new sector of the wealth management industry aimed at giving more retail clients access to the markets by making investing easier to understand and more affordable.

Clients pay 0.25% per year for Betterment’s robo product, according to the company. Phone access to CFPs cost 0.40% per year.

https://www.financial-planning.com/...39iyMeukkyy27lgdJ1uWO5dhX&bt_ts=1607457734780

 

[thefinancebuff]

After 10 years:

The company is still not profitable, a spokesman told the Journal.

 

[armor99]

After 10 years:

Hmmm... I would think if there is no profit in 10 years, that is what is known as a business fail!!!

 

[G8tr]

But there WAS profit for the CEO.

Hmmm... I would think if there is no profit in 10 years, that is what is known as a business fail!!!

 

[Midpack]

Hmmm... I would think if there is no profit in 10 years, that is what is known as a business fail!!!

You would think so, Tesla, Amazon and a few others might not...being an entrepreneur isn't for the faint of heart (or poorly capitalized).