#Clockwise nabs $11M Series A to make your calendar smarter https://tcrn.ch/2WMd5Du

Almost every organization, regardless of size, is inundated with meetings, so much so it’s often hard to find dedicated time do actual work. Clockwise wants to change that by bringing machine learning to the calendar to help employees free up time. Today, it announced an $11 million Series A investment, and made the product, which had been in Beta, generally available.

The round was co-led led by Greylock and Accel . Other investors included Slack Fund, Michael Ovitz, Ellen Levy, George Hu, Soraya Darabi, SV Angel and Jay Simons. The company has raised a total of $13 million.

Matt Martin, CEO and co-founder at Clockwise says the company’s mission is to help employees make time for what matters, and they are doing that by applying machine learning to the calendar to free up blocks of time to concentrate on work. Calendars have tended to be pretty static and this provides a way to bring a level of intelligence to automatically shift meetings to a better time when it makes sense.

You download Clockwise and then you can set parameters for which meetings can be moved and which are set in stone and other preferences. As Martin wrote in a blog post announcing the new tool, this gives employees “uninterrupted blocks of time to focus, think and innovate.” For now, it’s available for G Suite users.

Gif: Clockwise

You may think that this is a one-trick pony that will be hard to scale, but Martin says in the past few months, Clockwise has recovered 1000 of hours, and as they gain more data, the tool will get even more intelligent about meeting shifting.

Certainly his investors see the potential. John Lilly, who is leading the investment at Greylock believes Clockwise filling a huge unfilled need inside organizations. “Clockwise is focused on helping individuals and teams retake ownership of their time. This is not an easy feat — building the Clockwise product requires a sophisticated understanding of machine learning, user interaction, and systems design breakthrough,” Lilly said.

Clockwise founders were part of the team at RelateIQ, a company Salesforce bought for $390 million in 2014. Since leaving, RelateIQ they decided to put that experience to work on making the calendar more efficient.

https://tcrn.ch/2WMd5Du

#After Loot runs out of cash, founder and 17 team members join RBS’ digital bank Bó https://tcrn.ch/31CqVHg

Ollie Purdue, the founder of Loot, the current account aimed at millenials that went into administration last month after running out of cash, is joining Bó, the digital bank being developed by RBS-owned Natwest, TechCrunch as learned.

He’ll take up the position of Chief Product Officer and will lead product development for the new brand, reporting to Bó CEO Mark Bailie. I understand that Purdue is also to be joined by 17 other ex-Loot team members, spanning product, marketing and design functions.

Echoing a crop of fast-growing independent U.K. challenger banks, the yet-to-launch Bó is being built on a new technology stack, operating as a separate unit and tech platform from RBS’ legacy operations. In other words, a startup within but supported by an incumbent bank. I’m hearing from my own sources that the digital bank is already up and running and is almost ready to go live, with around 1,000 RBS employees actively testing the product before a public launch this year.

Meanwhile, that Purdue and almost one third of the Loot team is joining the RBS venture is particularly intriguing given that RBS was an investor in Loot and was thought to be close to acquiring the startup before ultimately pulling out of the deal. This led to Loot scrambling for additional funding, which it was unable to do in time before running out of cash entirely after existing investors decided not to follow on.

Specifically, Royal Bank of Scotland Group indirectly owned a 25% stake in Loot via an investment by Bó! In January this year, RBS announced that Bó had invested £2 million in Loot following an initial investment of £3 million in July 2018.

It was also presumed by many fintech insiders that Loot had been white-labeled and was powering the Bó product. Clearly that was never the case, leaving questions unanswered around why RBS/Natwest would invest in a competitor, only to sees its demise six months later. Now we know that it wasn’t for a lack of talent at Loot, while there appears to be little bad blood between Purdue and RBS. There are always multiple parties and dynamics involved in an acquisition.

To that end, one source tells me that Bailie was the main champion for Loot within RBS and that he was likely a draw for the Loot founder and other members of the Loot team. I also understand that Purdue and team feel they have unfinished business within the consumer digital banking space and that with the full resources of RBS they’ll have an opportunity to continue what they started at Loot.

https://tcrn.ch/31CqVHg

#Happy Money: Transforming Your Relationship with Money http://bit.ly/2WOorqr

improve your relationship with money

Ken Honda is the author of Happy Money: The Japanese Art of Making Peace with Your MoneyHe is a bestselling author of self-development books and has sold more than seven million copies worldwide.

Ken HondaWhile his financial expertise comes from owning and managing several businesses, his writing spans topics that include finance and self-help, focusing on creating and generating personal wealth and happiness through deeper self-honesty.

Ken recently shared a sneak peek of his philosophy behind achieving “happy money.” 

What is the difference between money IQ and money EQ? How do the two work together to create “happy money”?

After running my own businesses for over 20 years, I know there are two types of intelligence that every entrepreneur needs—money IQ and money EQ. If you only have one, your business is sure to suffer.

Every entrepreneur needs a basic level of money IQ. This is about making smart choices in how you make, spend and invest your money. Money IQ helps you create great strategies for generating and protecting your money.

But the true mastery of your business comes from understanding your money EQ—your emotional relationship to money. No matter how smart you are with money until you understand how your unconscious mind works around money you will make expensive decisions, bad choices and miss opportunities.

If your money EQ is low, you could very well end up losing money. That is why there is a long list of extremely intelligent individuals who have allowed their businesses to take over their life, have made bad choices and gone bankrupt.

In order to achieve a happy money life, you need to have both a healthy money IQ and a healthy money EQ. Once you know about the intelligent and emotional aspects of making money, you will have a great relationship with it.

What is the most unhealthy type of relationship a person can have with money? How does that impact a person’s life?

Most people have a difficult relationship with money because of the ways they earn and spend it are unhealthy. Which is to say, a lot of entrepreneurs tend to take on projects or clients just for the paycheck, and the stress adds up quickly. Suffering is embedded in the act of getting money. Without realizing it, feelings of stress, pain, or irritation come up every time they use or think about money.

“Most people have a difficult relationship with money because of the ways they earn and spend it are unhealthy.”

We also tend to live with the delusion that continually expanding our business just to become rich, will make us happy, solve all our problems, and put our worries to rest. The truth is actually completely the opposite. The more money we earn, the larger our work or business grows. When companies get bigger, expenses and payrolls get bigger, too.

If you want to be free of money worries, you may need to examine your relationship with money. Ask yourself: What are your fears? How and why does money control you? What have you been brainwashed to believe? While it can be painful and somewhat traumatic to look back, by understanding where you are today in regard to your relationship to money and your unconscious beliefs about money, you’ll be better able to see how it controls your life.

In your book, you write, “People who are confident aren’t that way because they are rich. They are rich because they are confident!” Will you please explain this idea further?

To fully realize your potential as a business owner, keep in mind that it isn’t just money and abundance that is important; confidence in your own abilities matters as well. Even when your supply of money is low, confidence and self-esteem lead to the heart of abundance.

Yet it wouldn’t be a stretch to say that many people are overpowered by doubt. And the road of self-doubt leads to only one place: fear. Fear of trying new things. Fear of doing anything. Fear of sharing your skills and talents.

You need to trust before you get money. All success is an outgrowth of confidence. And when we are able to trust the flow of money, both in and out of our lives, being confident comes naturally.

“All success is an outgrowth of confidence. And when we are able to trust the flow of money, both in and out of our lives, being confident comes naturally.”

A big cause of money stress is that people don’t trust the flow of money. They are worried that the money they make will not be enough to support their future. They worry that their ideas and projects won’t be worth all the time and energy spent. But if we are going to be decisive and act with confidence, we have to accept that money is a fluctuating thing.

If you want to be happy and successful, you have to muster the confidence in yourself and your abilities.

What are your tips to help someone with an unhappy relationship with money develop a more positive relationship with money?

I believe that “thank you” are the two most powerful words to help you to start to transform your relationship with money.

Take a look at your relationship with money. Make a plan to change your attitude to one of gratitude toward money. By appreciating money as it both enters and leaves your life, you will find a more fulfilling life.

When we talk about increasing money, most people automatically imagine business investments and other techniques. However, for me, it means finding a purpose that you believe in from the heart and then aiding that purpose with money.

As an entrepreneur, you should seek to create a flow of money that you feel happy about by doing what you love.

The post Happy Money: Transforming Your Relationship with Money appeared first on Octane Blog – The official blog of the Entrepreneurs' Organization.

http://bit.ly/2WOorqr