VC Scene
SEC Eases Crowdfunding Rules [Prediction: To be reversed in a few years, but only after a large number of fraud cases and a much larger number of disappointing investments; In the meantime, I think this will enhance our returns by having unwitting others fund less-than-mature ideas]
Fred Wilson: Where is the Value in the Tech Stack? Great insights on a topic we've been debating.
More on the bull/bear debate: Bill Gurley Sees Silicon Valley on a Dangerous Path; says companies hurt themselves by trying to delay going public
A new model! Startup giving away stock to consumers (i.e., pricing itself at zero). Huh?
Newark / NJ / NY Area News
Tech Real Estate
NYC revealed plans to create tech, science and manufacturing jobs including an advanced manufacturing hub in Sunset Park, Brooklyn, reopening a maritime industrial facility, the South Brooklyn Marine Terminal by year end 2016, developing three biotech centers, and a new tech/creative hub at the PC Richards location near Union Square. [However, demand is still likely to outpace supply in NY: "a study commissioned by the EDC projected that in the next 10 years the city will need 60 million square feet of additional commercial space, including 3 million for the life-sciences and biotech industries" while all three biotech projects total just 750,000 sq ft (and the Union Square location is zoned to less than 100,000 sq ft).
Lowenstein Sandler signed a 15-year 170k sq ft lease in Roseland, NJ [right next to ADP]...in the near-term, third quarter results indicate a significant deceleration in cord-cutting, suggesting "it may have been premature to mark the second quarter as a cord-cutting inflection point."
Technology Focus (3): Transportation Tech
In the Ironbound section near Avenue L
where the Portuguese women come to see what you sell
the clouds so low the morning so slow
as the wires cut through the sky
The beams and bridges cut the light on the ground
into little triangles and the rails run round
through the rust and the heat
the light and sweet coffee color of her skin
Bound up in wire and fate
watching her walk him up to the gate
in front of the Ironbound school yard.
Kids will grow like weeds on a fence
She says they look for the light they try to make sense.
They come up through the cracks
Like grass on the tracks
She touches him goodbye.
Steps off the curb and into the street
the blood and feathers near her feet
into the Ironbound market
In the Ironbound section near Avenue L
where the Portuguese women come to see what you sell
the clouds so low the morning so slow
as the wires cut through the sky
She stops at the stall
fingers the ring
opens her purse
feels a longing
away from the Ironbound border
