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Five common misconceptions about building a startup in New York City

This is going to be BIG.

I grew up here, went to school here, and have worked hard over the last 5+ years to help build up the NYC innovation community. It’s often some combination of the idea not being big enough to sustain a venture exit or the company just not being appropriate for venture financing. I was there, too. They’re not “dumb Wall Street money”.

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Holey Grail Donuts bites into $9M for Los Angeles retail expansion

TechCrunch

Four years and hundreds of long lines later, the truck is still there, but the company is taking on what co-founder Nile Dreiling calls “a stale $40 billion donut industry ” by expanding its presence into brick-and-mortar locations in Los Angeles after raising $9 million in financing. It’s quite novel. It works.”.

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