035: How Grove Founder is Making Online Financial Advisory Easier than Ever with Chris Hutchins *

Like many people, Chris Hutchins was laid off during the financial crisis of 2008. However, instead of simply looking for work, he set out to make a name for himself. He founded LaidOffCamp, where others like him explored founding companies, freelancing, and new ways to find jobs during that tough time.

Next, he co-founded Milk, which was acquired by Google Ventures, where he spent three years investing in early stage companies. Now, as the founder of Grove, he’s on a mission to build the first comprehensive financial planning service that is accessible and affordable for young professionals.

Today, Chris joins the podcast to share the story of how he went from being laid off, to the CEO and founder of Grove. We also discuss how he discovered the transformative power of edtech, and how he’s making it easier than ever to get honest, real advice in the financial field.

In this podcast interview, you’ll learn:

  • Why getting laid off in 2008 was the best thing that happened to Chris – even though it didn’t feel like it at the time.
  • The reasons Chris sees investing in venture capital and investing in stocks as drastically different – and how this informs his personal investing, which is far more normal than you might imagine.
  • The common problems that so many people face working with robo advisors – and how Grove is working to fix these problems for his clients.
  • Why Chris relies on experts – and not just technology – to get the edge over his competitors.
  • How Chris secures customer data and reassures clients that their most sensitive information is safe.
  • Why so many individuals who are part of the FIRE movement are becoming Grove clients – and why Chris considers himself to be semi-retired despite working 80+ hours a week.

Inspiring Quotes

“There is a really easy way to double your net worth — instead of earning twice as much, cut your expenses in half. I can tell you, that your expenses are much more in your control than the market.” – Chris Hutchins

Interview Resources

LaidOffCamp Wiki
Retirement Researcher


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