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How Brooklyn crushed Manhattan in battle for startups

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Innovative tech companies are increasingly choosing the trendy Brooklyn over Manhattan. A recent report found employment in Brooklyn’s creative industries soared by 155% over the past decade—almost 10 times the growth in Manhattan.

This has led to Brooklyn gaining a reputation as a hip new paradise for the tech community. So how did Manhattan, the onetime pinnacle of American innovation, lose so much ground to the once quiet Brooklyn?

Entrepreneurs need to live in affordable areas while they work for sweat equity. Rents are modest in the Yorkville section of the Upper East Side, for example, but it has only one coworking space, The Commons. Compare this to Brooklyn, which welcomes the startup culture by providing myriad coworking spaces for companies of various sizes.

Then there are the new taxes on luxury real estate. These drive away rich foreign investors from Manhattan to more fruitful pastures. While framed as a means for the rich to pay their dues, the only people that truly benefit from these taxes are politicians. These levies end up hurting the people they’re supposed to support: the middle class. Rich foreign investors back New York City entrepreneurs, who create startups, which create jobs.

Even modern fashion works against Manhattan. Simply put, the “sweatshirt aesthetic” of startups doesn’t fit with the fashion culture of Manhattan, where dressing to impress is essentially mandatory. Startup workers spend the majority of their time attempting to figure out error messages in a dark room. The last thing they want to worry about is what to wear. On the other hand, Brooklyn, with its long association with the working and middle class, welcomes this aesthetic.

Lastly, most tech companies in Manhattan serve niche industries such as finance, media and advertising, publishing, fashion and real estate. But startups today typically develop products in more modern tech industries, and thus turn to Brooklyn, where they are able to connect with similar companies.

To help Manhattan regain some ground, lawmakers should offer some sort of relief for investors who start businesses and employ people. Don’t tax our wonderful angel investors. The message should be: “We’re so glad you’re here!”

Everyone knows about the notorious Manhattan rent, which now averages more than $2,900 per month for a one-bedroom apartment. To counter this, policymakers need to promote middle income housing—in Manhattan.

And employers in Manhattan, for their part, could rethink their dress codes, as many have on the West Coast in response to the tech sector’s ascension there.

Manhattan has historically been a symbol of American innovation, but it has some room to adapt to the ascending tech culture that will shape American business for years to come.

Source: https://www.crainsnewyork.com/op-ed/how-brooklyn-crushed-manhattan-battle-startups

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Paris tests new bubble-shaped water taxi

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Paris is testing out a new form of travel: an eco-friendly bubble-shaped taxi that zips along the water up and down the Seine River.

Organizers are holding test runs this week on one white, oval-shaped electric hydrofoil boat that resemble tiny space shuttles gliding past Paris monuments.

The boats can fit four passengers, and if they get approved, can be ordered on an app like land taxis, shared bikes or other forms of transport.

Its designers hope to run the so-called Seabubbles commercially in Paris and other cities starting next year.

Anders Bringdal, SeaBubbles CEO, told The Associated Press that “the most important for us is no noise, no waves, no pollution. And bring them into cities that are congested.”

Bringdal said the water taxi will “not only be fun” but also makes economic sense.

“If you compare a similar size boat with an engine, you are going to run 30, 40, 50 euros an hour in fuel cost when this one costs you 3 dollars or 3 euros,” he said.

Proponents see the vehicle as a new model for the fast-changing landscape of urban mobility.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: https://www.nydailynews.com/news/sns-bc-eu–france-water-taxi-20190918-story.html

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Google Fi launches a more traditional unlimited plan

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Google is announcing a new plan for its MVNO Fi cell service: Unlimited. Like the big four carriers in the US, Google apparently feels the need to use the word “Unlimited” next to its service, whether or not it means what you think it means.

For Google, it means that a single line costs $70 for everything, two are $60 apiece, three are $50 apiece, and you can have four to six at $45 per line. The caveats — and there are always caveats with unlimited plans — is that Google “may optimize” video streaming down to 480p and will also throttle data for any single user that goes over 22GB per month. (You can pay $10 per GB if you want un-throttled data over 22GB.)

Google is also tying its new Unlimited plan to Google One, another service that hasn’t taken off in the popular imagination. Google says that the Unlimited plan comes with a Google One membership, which would save you the $1.99 per month it costs for the 100GB cloud storage tier.

But though that sounds complicated, it’s conceptually easier (at least in the US) than Google Fi’s previous plan — which is still sticking around but is now called “Flex.” Under that plan, it is $20 for the phone line, $15 for each additional line, and $10/GB for any and all data used. For a lot of customers, it could end up being much cheaper than other plans — though heavy data users could sometimes run into higher costs. Still, Google capped data costs at $60 per month.

The Flex plan is actually a really great deal for certain customers, but it meant that their bill could have wild swings from month to month depending on data usage. Google wanted something conceptually easier for US customers, the ones who have been seeing every other carrier offer Unlimited plans.

Both the Unlimited and Flex plans will allow customers to order free “data-only” SIM cards that draw from the same data buckets with no additional monthly charge. Most other US carriers charge a monthly fee for adding such devices, which makes Google Fi one of the best choices for people who love using LTE-enabled version of gadgets.

Fi also is popular with international travelers, as it doesn’t charge any extra fees for data when roaming, though it does $0.20 per minute for calls. Fi also offers a free VPN to Android users, to protect them on sketchy Wi-Fi networks.

Add all that up and Google Fi is one of the better deals in wireless, with bonus features that are actually relevant to wireless service instead of corporate media TV tie-ins. That hasn’t been enough to get it widespread usage, but maybe the new, easier-to-understand unlimited plans will give Fi a boost.

Source: https://www.theverge.com/2019/9/17/20869599/google-fi-launches-a-more-traditional-unlimited-plan

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Voyage Auto raises $31 million to expand self-driving technology

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Voyage Auto Inc, the self-driving-car start-up, has just completed $31 million in Series B fundraising, which brings its total capital raised to $52 million.

Founded in 2017 by MacCallister Higgins and Oliver Cameron, Voyage’s mission to “build technology that brings self-driving cars to those that need it most” has attracted financial partnerships with Chevron Technology Venture, Jaguar Land-Rover’s InMotion Ventures, and Khosla Ventures. Franklin Templeton Investments led the Series B round of fundraising.

“Since investing in the company’s Series A in 2018, it’s been fantastic to watch the business go from strength to strength. They’ve shown us that they have the capability to quickly make self-driving, autonomous taxis in residential communities a reality, sooner than anyone would have thought,” said Sebastian Peck, Managing Director of Jaguar Land-Rover’s InMotion Ventures.

The Palo Alto, California-based start-up known for its self-driving taxi services in retirement communities has expanded its presence to Florida, where the cars navigate complex communities and deliver passengers to their doors at a maximum of 25 mph. While retirement communities have provided a controlled baseline to deploy their services, Voyage does not plan to stop there.

Voyage will use the funds to grow its talent base, expand the fleet of G2 model (Chrysler Pacifica Hybrid minivan), prepare to introduce the G3 model, and further develop its technology towards commercialization. Also, with this additional support, Voyage cars will be able to increase its speed in neighborhoods with a progressively more complex network of streets.

Voyage engineers have made significant strides in the safe-critical middleware, prediction systems, as well as its high-definition map navigation.

Since 2018, Voyage’s talent base has grown 300 percent. Voyage hired former Uber and Tesla employee Drew Gray as its Chief Technology Officer. David Bacchet, the company’s new Director of Autonomy, brings experience from Apple SPG and Tesla. Voyage has begun hiring for engineering, operations and leadership positions to maximize its expertise base.

The robo-taxi industry is projected to be worth $2 trillion by 2030, based on a thorough New York City simulation conducted by UBS Evidence Lab.

“The current number of taxis operating in New York alone could be cut by two-thirds once cars are fully autonomous,” the report said.

Source: https://www.freightwaves.com/news/voyage-auto-raises-31-million-to-expand-self-driving-technology

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