New York City Taxi Drivers Rally for Limits on Uber

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“The New York City Council’s Committee on For-Hire Vehicles is considering a raft of bills aimed at helping all taxi drivers, including legislation that would limit the number of for-hire vehicle licenses in the city with the hope of boosting drivers’ earnings.”

To read more, click here.

Williamsburg’s Encouraging New Food Hall Springs Open Today

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“The new food hall in Williamsburg with a slew of surprisingly promising vendors is now open to the public with limited hours, with more hours and some of the bigger name vendors coming next week.”

To read more click here.

Megyn Kelly Is Worried Starbucks Customers Will Have to ‘Deal With Homeless People’

“Megyn Kelly, anchor of Megyn Kelly Today, an hour-long segment part of NBC’s Today show, is against Starbucks’s new bathroom and purchase policies.

Earlier this month, the Seattle-based coffee behemoth officially granted restroom access to customers and non-customers alike. It then announced purchasing food or drink is no longer required to spend time at a Starbucks. Kelly, who made a high-profile move to NBC after leaving Fox News in 2017, is afraid of who customers might meet at the company’s cafes.”

 

Read more here.

Pret A Manger to be acquired by Panera owner JAB

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“The owner of Panera Bread on Tuesday added yet another name to its growing collection of coffee and fast-casual chains with the acquisition of a majority stake in the British concept Pret A Manger from the private equity firm Bridgepoint.”

“About three quarters of Pret’s shops are in the U.K. There are 90 stores in U.S. cities, the majority of which are in New York. The deal is expected to close later this summer.”

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Why Do Some Parts of New York Have So Many Subways While Others Have None?

The New York City Subway is the lifeblood of the city, yet it seems perpetually embroiled in crisis; though it’s currently caught in a terrible backlog of deferred maintenance, the city can’t function without it, as the mounting panic over next year’s L train shutdown makes clear. Yet as a circulatory system, it leaves certain limbs significantly undernourished.

Why was there only one line for the whole East Side of Manhattan until the Second Avenue line finally opened last year? Why does the G train wind so lonely and awkwardly from Brooklyn to Queens? Why are the downtown Brooklyn lines such a chaotic thicket of difficult transfers, while other densely populated parts of the borough, like East Flatbush, are devoid of service?

Read more here.

NYC’s New Restaurant Openings – May

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“The Arlo Soho hotel just updated their outdoor spaces for the summer. On the indoor-outdoor rooftop, you’ll find large-batch cocktails and bar snacks. On their summer-camp-themed patio, they have backyard games and daily hot dog specials named after different national parks.

If you tried to keep track of every brand new restaurant in New York City, you might go a little bit crazy. So just read this list instead. These are the new restaurant openings that seem like they have the most potential.”

To read more click here.

When to Raise a Series A

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“Founders often want clean and concrete answers as to when they’re ready to raise. This is why the idea that VCs filter exclusively on metrics is attractive.
For instance: Saas companies are ready for an A when they cross $1m in ARR. This sounds good, but we’ve seen As happen for Saas companies with ARR between $200k and $9m with plenty of companies failing all along that range. Clearly VCs don’t care that much about this rule.”

To read more click here.