Expanding Manhattan & Boston’s Landfill History

There was an interesting piece in yesterday’s NYT outlining a proposed expansion of lower Manhattan: LoLo, which stands for Lower Lower Manhattan, is one of the first proposals from the Center for Urban Real Estate, a new research group at Columbia University. The neighborhood would be created by connecting Lower Manhattan and Governors Island with millions of cubic yards of landfill, similar to how Battery Park City was born in the 1970s. Over 20 to 30 years, the center estimates, LoLo would create 88 million square feet of development and generate $16.7 billion in revenue for the city. Here’s what the proposed project would look like: On a somewhat related note, this reminded me that a while back I picked up

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Eric-Schmidt Backed “Slice”

Via Techcrunch, Eric Schmidt is backing a new start-up, Slice, that aims to organize and track your online purchases by querying purchase data from your inbox. I gave it a shot earlier this week, and found it to be surprisingly accurate and useful. I generally don’t use online life organization tools (e.g., Mint), but I found this to be a bit different. Instead of simply helping you to analyze your own purchasing behavior, it helps you anticipate and track outstanding items that are either en route or have been held up for some reason. So rather than log onto various sites to track your orders, you can just log into Slice, which has already identified the tracking numbers for shipped

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How to Value an Early-Stage Start-Up Company

I’m taking a class on early stage capital. It’s primarily focused on finding angel and venture funding for a start-up company, and structuring subsequent investment agreements. When a start-up receives funding, it’s pretty important to “know” what the start-up was worth before the funding was received. Otherwise there’s no way to determine what portion of the company is owned by the founders, and what portion now belongs to the new investors. Since most start-ups fail, and the one’s that are successful often blow through their financial projections, traditional discounted cash flow approaches are pretty meaningless. So how do you value an idea? I’ve always wondered about this. It’s a subjective process, but start-ups are valued often, so I knew there must be some

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