Tag: NYC
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Shares of New York Community Bank are plummeting, down 24% today so far. NYCB is in serious trouble, but it’s highly unlikely to spark another banking crisis. The stock is tanking because NYCB discovered “material weaknesses” in tracking loan risks and replaced its CEO late last night. It’s been a…
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+ Banking, Banks, Finance, Investing, Money, New York, New York City, NYC, NYCB, Startups, Stock Market, Stocks, Tech, Venture Capital+
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When I first started investing, I dreamed of seeing one of my companies on a billboard in Times Square. I thought it would take 10 years. Turns out, it only took 2. Micro1, a startup I invested in last year, was just featured on the Nasdaq billboard in Times Square!…
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+ Angel Investing, Entrepreneurship, Investing, Money, NASDAQ, NYC, Stock Market, Tech, Times Square, Venture Capital+
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We gazed on the glass case, transfixed by pepperoni and heaps of ricotta. Would this be the perfect counter slice? Fancy pizzerias are great. Wood fired ovens, shaved truffle, love all that. But sometimes, you need a Jersey classic. You need a counter slice. I’ve been going past Quality Pizza…
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The aroma of cardamom and cloves wafted up at me. I rolled up a piece of bread, dipped it in, and tasted heaven. This is Karma Kafe in Hoboken, NJ. For 24 years, Karma has produced fragrant curries and spicy biryanis, and today they’re better than ever. I perused the…
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A big ball of gooey mozzarella hit the table, drizzled with olive oil. “We’ve got to come to Jersey City more often.” This is Porta, an excellent pizzeria on Downtown Jersey City’s lively Newark Avenue. I strolled down the pretty, pedestrianized street and ducked into the restaurant, grateful for the…
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WeWork filed for bankruptcy last night as the weak office market led to huge losses. From Bloomberg: WeWork Inc. filed for bankruptcy, capping a tumultuous period that saw the once high-flying startup navigate a failed initial public offering, Covid-19 lockdowns, a blank-check merger and slow return-to-office trends. The company —…
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+ CRE, Finance, Investing, Money, NYC, Real estate, Startups, Stock Market, Stocks, Tech, Venture Capital+
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A Goldman Sachs banker is headed to federal prison after being found guilty of insider trading. Brijesh Goel was convicted in federal court in Manhattan yesterday and sentenced to three years behind bars. The Squash Court Conspiracy The scheme played out at the tony New York Health and Racquet Club…
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As skyscrapers stand empty, a crisis is brewing in commercial real estate. The amount of distressed CRE hit the highest level in 10 years, according to a new report from Bloomberg. The value of distressed US commercial real estate neared $80 billion in the third quarter, its highest level in…
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New York pulled neck and neck with the Bay Area as a startup hub in Q3. The Big Apple inked venture deals at a blistering pace, closing 403 to the Bay Area’s 515, according to a new report from Pitchbook. The Beast from the East Before COVID, running a startup…
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+ Bay Area, Finance, Investing, Money, New York, New York City, NYC, SF, Silicon Valley, Startups, Tech, Venture Capital+
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Early stage startups in New York continued to slog through the downturn in Q3. Average seed round size fell 16% from Q2, according to a new report from Primary Venture Partners. It’s Not the Summer Slump The funding market is highly seasonal. There are two big fundraising seasons — spring…
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+ Entrepreneur, Finance, Investing, Money, New York, New York City, NYC, Small Business, Startups, Tech, Venture Capital+
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Tremendous 