Finance App Albert Raises $5 Million To Help You Solve Your Money ProblemsAlbert, a financial service startup, raised $5 million in Series A funding from investors including QED, American Express Ventures, and Portag3. This brings its total funding to approximately $7.5 million. Read the full story here. Here’s how it works: It’s an app that tracks finances and makes personalized recommendations to help users take action. It’s similar to other personal finance apps like Mint or Digit in that it aggregates financial data into a single portal. [ Fortune ] Eric Schmidt says Elon Musk is ‘exactly wrong’ about AIWhen former Google CEO Eric Schmidt was asked about Elon Musk’s warnings about AI, he had a succinct answer: “I think Elon is exactly wrong.” “He doesn’t understand the benefits that this technology will provide to making every human being smarter,” Schmidt said. “The fact of the matter is that AI and machine learning are so fundamentally good for humanity.” [ Tech Crunch ] Want to Make Money Like a C.E.O.? Work for 275 YearsA Walmart employee earning the company’s median salary of $19,177 would have to work for more than a thousand years to earn the $22.2 million that Doug McMillon, the company’s chief executive, was awarded in 2017. At Live Nation Entertainment, the concert and ticketing company, an employee earning the median pay of $24,406 would need to work for 2,893 years to earn the $70.6 million that its chief executive, Michael Rapino, made last year. [ NY Times ] Dutch Payment Unicorn Adyen Plans IPO On Euronext Amsterdam The author (right) is balder now than he was in the above 2015 picture, But he is also in better shape (and apparently quite vain). Adyen, the payments unicorn based in Holland, intends to list on the Euronext Amsterdam exchange it announced today. In releases detailing its financial performance, Adyen reported huge transaction volume, growing net revenue, and material net income. All of that makes its offering quite interesting. [ CrunchBase ] Revolut adds Ripple and Bitcoin Cash support Fintech startup Revolut is adding Bitcoin Cash and Ripple to its cryptocurrency feature. While cryptocurrency isn’t really Revolut’s focus point, it’s a good way to get started with cryptocurrencies. If you have a Revolut account, you can now buy and hold Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash. Behind the scene, the startup has partnered with Bitstamp to process the transactions. Revolut currently charges a 1.5 percent fee for cryptocurrency transactions. There are currently 100,000 cryptocurrency transactions per day. [ TechCrunch ] Reltio raises $45 million for enterprises to gain insights from their dataBrent Hoberman (LastMinute.com, Made.com & Founders Forum) at Startup Grind LondonTruStory, a new startup, just raised $3 million to identify ICO scams before they happenThe 2 biggest things Silicon Valley misunderstands about China, according to a top Alibaba execDog-sitting startup Rover just raised $155M Go-Jek officially announces Southeast Asia expansion to fill void left by Uber’s exitHow to Build Sustainable Business Models for Conscious Tech w/ Investor Tim ChangIt’s clear to everyone that Silicon Valley has to change—except the people who live thereGetMarketFit CEO: On Getting Fired, Founder's Grief And A New Rent-An-Entrepreneur StartupAI and robotics fair attracts outside venture capital firms to Pittsburgh Macron to Silicon Valley: Embrace Europe’s RegulationsSecrets of wooing venture capitalistsSwamped by Growth, Silicon Valley Weighs Taxing Big EmployersDoing Capitalism in the Innovation EconomyWhy startups need to put brand design at the core of their business thinking |