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New York’s “ecommerce” companies are more fashion than tech. But that’s a good thing


Ecommerce is a fickle bitch. It seems so easy with its clear cut business model. At times the budding Web ecosystems of San Francisco, New York, and LA have all been lulled by the ecommerce siren song, only to see a wasteland of once-hyped companies that couldn’t scale or come up with a customer acquisition cost that didn’t make Wall Street want to barf.

So is it a worry that some of the more promising New York companies are still in the ecommerce category in the wake of Gilt and Fab’s struggles? Not necessarily, said Bessemer’s Jeremy Levine at last night’s PandoMonthly.

Companies like Warby Parker and Bonobos are more fashion than anything else– and there’s some good news in that as he explains in the clip below. (He just doesn’t want to back it.)

Huge thanks to Jeremy for a fantastic conversation and a great evening.



This Scientist Helped Save New York’s Subway From Superstorm Sandy




The water just kept flowing. It streamed through the streets of lower Manhattan, pouring into subway entrances, cascading into ventilation grates and pooling inside tunnels.

When Superstorm Sandy hit New York a year ago, it caused a massive, 14-foot storm surge, the likes of which the city had never seen. Nine out of the 14 subway tunnels beneath rivers around the city flooded, and the subway was shut down for days. But the Metropolitan Transit Authority took precautions to head off the worst impacts, experts say.

Before the storm hit, the MTA moved its trains out of flood-prone areas, and took out the electric signals in the tunnels. The tunnels flooded. Afterward, subway workers pumped the water out, and replaced the electric signals. Within a week, 80% of subway service had been restored, newspapers reported Read more…

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