Parts of New York and New Jersey are still without power from the last major news event and yet here we are, in the throes of election day. And with cleanup efforts still ongoing, there’s really no excuse for anyone who forgets one of the lessons we just learned about the rapid speed at which misinformation courses through social media in general and Twitter in particular.
For the love of God, as you go about your day for the next several hours, please take almost everything you read on Twitter with a grain of salt. No, a barrel. Maybe an entire salt lick.
Apparently Boston wasn’t the only town a little put off by the AP’s flattering article about New York’s burgeoning tech scene. Take this response, which appeared earlier this week in the Houston Business Journal. Upon hearing about our fair city’s recent investments, the reporter couldn’t help wonder: “Does this mean Houston has more competition in terms of trying to be the next Silicon Valley?”
The Journal spoke to Brad Burke, the managing director of the Rice Alliance for Technology and Entrepreneurship, who promptly attempted to set the minds of Houston’s techie citizens at rest:
This weekend, several outlets ran an AP story about New York’s startup scene, hitting all the high points–CornellNYC, the river of VC money, the local outposts of national companies like Google and Facebook. BostInno, however, has a quibble:
It’s that time again: CB Insights has released its quarterly VC report. The money’s still big, though with a focus on seed deals. Quarter three closed with 835 deals totaling $7.5 billion invested. But CB Insights is quick to dispel any bubble talk, pointing out that unless Q4 brings $9.2 billion in funding, 2012 will show an overall drop in VC investments.
Yahoo for Yahoos
Marissa Mayer has long been a familiar name in the tech world. But with her ascendence to the role of Yahoo CEO, she’s become one of the most visible people in business, period. That means it’s time for a flurry of profiles digging into every facet of her personality, from her geek bona fides to her there-is-no-such-thing-as-burnout work ethic.
Stepping up to the plate this week: New York, with a long, thorough look at whether Ms. Mayer–who’s long stayed a little aloof from the “women-in-tech” fray–can quote-unquote “have it all.” (Tl;dr answer: We’ll see!)
Any self-respecting New Yorker can effortlessly call to mind a host of complaints about the subway system, that dingy portal between work and home that we grudgingly wade into day in and day out. While the train certainly gets you from points A to B faster and cheaper than a cab, rat-infested stations, painfully long wait times and people who decide to pee and then take a shower in the middle of the car can add up to a pretty unpleasant riding experience. Not to mention all those fare hikes.
Still, the MTA–an institution as beloved as ConEd or even Time Warner–is doing its best to make hurdling through that century-old series of tubes worth your $2.25. And for its next act, the MTA has begun to install “high-tech Help Point intercoms” in stations around the city.
Apple is reportedly attempting to poach members of the Google Maps team. You know what they say: If you can’t beat ‘em, steal ‘em. [TechCrunch]
The latest boat lifted by the rising tide of the New York tech boom: accounting firms. [Crain's New York]
Apparently NYPD officers were stationed outside Apple’s Fifth Avenue flagship, asking new iPhone 5 owners to register their serial numbers in case of theft. [Yahoo]
Meanwhile, in New Zealand: A court has ordered an investigation into whether Kim Dotcom was the victim of “unlawful spying.” [BBC News]
Ever hop and a cab to get from A to B and feel like it ended up costing way more than it actually should have? Perhaps your driver is surreptitiously tacking on unfair charges to your bill, hoping you’re too stupid to notice. Luckily, that’s where the new taxi tvs come in.
Aside from running rah-rah programming about how many tech companies are hiring and that annoying On the Stoop show, some taxi TVs can now alert you to fare changes and additional charges your cabbie has added on.
Internet Wants to Be Free
These days, newspapers will seemingly stop at nothing to boost their bottom line. Those Weekender ads are notoriously obnoxious, and we’re getting awfully tired of deleting the identification key at the end of a New York Times URL to get around the paywall. But the Wall Street Journal has finally devised a marketing scheme that we can get behind: instituting free wifi throughout our fine city (oh, and in San Francisco).
Alley vs. Valley
The latest CB Insights report on venture capital investment just dropped, and we’ve spent the morning digging into the data. Local entrepreneurs might want to sit down, because this is gonna sting a little.
Overall the quarter was a big one, with 812 deals adding up to $8.1 billion. The report points out that’s the biggest single quarter since the dot com days. (And what with Digg and Yahoo dominating the headlines, you’d be forgiven for getting a little confused on the year.) Seed stage investments made up 22 percent of those deals, which fits with our anecdotal sense that startups are springing up like mushrooms after a rainstorm.
In terms of deal volume, New York held onto the number-two spot for the second quarter in a row. A big part of that is digital: The report calls California and New York a “two-headed monster on the internet front,” and points out that “larger funding deals enable Florida and Washington to challenge Massachusetts for the #3 spot.”