Betaworks Studios, a subsidiary of New York seed fund Betaworks, has raised $4.4M.View More WeWork backs New York tech clubhouse Betaworks Studios
The direct-to-consumer mattress business has reportedly raised $100 million from Target, NEA and Norwest Venture Partners.View More Mattress startup Casper said to be valued at $1.1B with new funding
Blade, backed by Lerer Hippeau and Airbus, has begun chauffering the Bay Area’s elite.View More Flying taxi startup Blade is helping Silicon Valley CEOs bypass traffic
As Lyft gears up to list its stock on the NASDAQ, the transportation company is facing ongoing litigation regarding driver wages in New York City. Today, a judge denied Lyft’s motion for an injunction blocking the recent ruling that sets a minimum wage for drivers. Still, the judge said she’ll think it over and file […]View More Lyft’s driver wage lawsuit in NYC continues
Including a meal kit for authentic gourmet ramen, a millennial-focused platform for buying affordable fine-art and a benefits platform for gig workers.View More Meet the 19 startups in AngelPad’s 12th batch
Celebrated director Ava DuVernay has released a harrowing first teaser trailer for her highly anticipated Netflix series about the Central Park rape case from the 1980s. The true story of the five African American and Hispanic teens who were wrongfully accused and convicted of the rape of a jogger in Central Park made headlines in […]View More Ava Duvernay releases the first trailer for her Netflix series about the Central Park Five
There is a deep dilemma facing startup founders that I think just isn’t brought to light often enough. On one hand, almost all (and I do mean almost all) founders are reasonably ethical people. They can be over-optimistic, they can over-promise, they can be inexperienced around management, but at their core, they want to improve […]View More How far are you willing to go for growth?
NYC and Boston were handed huge setbacks this week when Amazon and GE decided to bail on their commitments to build headquarters in the respective cities on the same day. But it’s worth pointing out that while these large tech organizations were pulling out, Google was expanding in both locations. Yesterday upon hearing about Amazon’s decision […]View More As GE and Amazon move on, Google expands presence in Boston and NYC
After months of pushback since the original plan was announced, Amazon has finally called it quits on their move to build a headquarters in Long Island City, New York. The e-commerce giant will now entertain 20 other finalists who were in the mix for…View More Amazon abandons HQ2 plan in New York City
There is likely no one more distraught over Amazon’s decision to cancel its plans to build a second headquarters in Long Island City, Queens than New York Governor Andrew Cuomo.
“Amazon chose to come to New York because we are the capital of the world and the best place to do business,” said Governor Cuomo in a statement after Amazon’s announcement on Thursday. “However, a small group [of] politicians put their own narrow political interests above their community.”View More New York Governor ‘Amazon Cuomo’ is furious over canceled HQ2
Now that Amazon has said that it’s taking its ball and going home rather than deal with mean, pushy New Yorkers, outside observers are giving off the sense that the city (and its local politicians) are losing out for their recalcitrance. They’re wrong. New York City is running at about a 4.3% unemployment rate — […]View More Did New York lose anything with Amazon’s rejection? It’s complicated.
While local opposition celebrated the unexpected announcement, one supporter of the project — Mayor Bill de Blasio — was less than thrilled.
You have to be tough to make it in New York City. We gave Amazon the opportunity to be a good neighbor and do business in the greatest city in the world. Instead of working with the community, Amazon threw away that opportunity.
— Mayor Bill de Blasio (@NYCMayor) February 14, 2019
In a statement, Mayor de Blasio shared his disappointment in Amazon for its change of plans, in which the company essentially backed out of a $3 billion dollar tax incentive deal made with New York. The mayor puts the blame squarely on the e-commerce giant for failing to address locals’ concerns and taking the easy way out by dropping the move altogether. Read more…View More New York Mayor blames Amazon: ’You have to be tough to make it here’