SideCar Defends Its NYC Ride Sharing Business, Says TLC Protects Taxi Industry
"The TLC protects the taxi industry. And I don’t think anyone in their right mind can deny that fact,” Sidecar co-founder Sunil Paul said to applause at Disrupy NY today. Paul argued back and forth with New York Taxi and Limousine Commission (TLC) Deputy Commisioner of Policy and Programs Ashwini Chhabra, with Hailo's Jay Bregman hopping in to discuss innovation in the New York taxi industry.
David Tisch Is Bored With His Smartphone's Apps
David Tisch has made quite the name for himself as an investor based in NYC. Most notably, Tisch spent years at TechStars as the Managing Director, and has since left to co-found another investment fund called BoxGroup. We sat the man down backstage at Disrupt today to chat out his thoughts on the NY tech scene, trends he's excited about and his transition to BoxGroup.
NYC Angels Grab Market Share
Looking forward to this week’s Disrupt NY 2013, we used the CrunchBase dataset to surface regional trends in US angel funding. Not surprisingly, we found relatively few metros with a substantial number of angel funded companies and the San Francisco Bay Area continues to be a formidable presence. But take a look at NYC (in red) – they’ve gone from 12% of the angel deals in 2008 to 20% in 2013. In fact, NYC appears to the only region with growing market share. What’s more surprising about NYC’s angel activity is that it is not reflected in its general share of venture rounds. When we looked at non-angel investments we found NYC’s share of activity to be relatively flat since 2008. It’s not clear to us what’s driving this, but we suspect others will have some good theories and that bring’s us to the data behind the graphs. To avoid our own Reinhart and Rogoff debacle, we’re publishing all of the data behind these charts. In fact, we’re publishing a significant ...
With Plans For SF Expansion, 500 Startups Promotes George Kellerman To Partner, Adds Parker Thompson As Venture Partner
500 Startups has had a bit of personnel shuffling, with the promotion of George Kellerman to partner, the addition of Pivotal Labs' Parker Thompson as a venture partner, and the unfortunate departure of Paul Singh, who's running off to do his own startup. The firm now has 22 employees stationed all around the globe, in Silicon Valley, NYC, China, India, and Latin America.
Zynga Closes Baltimore Office, Consolidates in Texas, New York
Zynga is cutting costs further by closing its Baltimore studio and consolidating its presence in New York City and Texas. The moves follow a series of cost-cutting efforts that saw the closure of the Boston and Tokyo offices along with layoffs for about 5 percent of the company’s workforce. Those moves allowed the company to save $25 million last quarter. In today’s changes, Zynga is consolidating the McKinney, Texas, office, which came out of the very successful Newtoy acquisition back in 2010. The company is moving the 30 or so employees there to Dallas, which is an hour away. The studio’s leaders and Newtoy’s founders Paul and David Bettner left in the last year as their “With Friends” line of games had a strong run under Zynga. Zynga is also closing the Baltimore studio, which was behind CityVille 2. Zynga recently shut that game down after it didn’t live up to expectations as a follow-up to the original CityVille. The company is also closing down one of its Austin offices ...