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Maria Teresa Cornetto

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Monday, May 11, 2020 - 5:38pm
Is the coronavirus economic crisis similar to those triggered by the terrorist attack of 9/11 and the financial collapse 2008?If true, it should inspire us a pinch of optimism: from those crises new ideas emerged, startups that became a great success, because they responded to real needs and had to focus their resources well in […]
Tuesday, May 5, 2020 - 9:40am
Happy birthday to Kickstarter that has just turned 10! In ten years this NYC company has helped bring 160,000 creative projects to life together with 16 million backers and creators. Among the projects that were funded on Kickstarter: the game Cards against humanity; Beryl, a bike light laser that makes cyclists more visible at night; […]
Saturday, April 25, 2020 - 8:39am
Our friend Paolo Merialdo, professor at the Engineering Department of the Roma 3 University, is the co-founder of InnovAction Lab, a program for college students who are interested in becoming entrepreneurs: in 4 years more than 800 students have been part of this program and more than 40 startups have been founded thanks of it. […]
Wednesday, April 22, 2020 - 9:36am

Manufacturing is alive in NYC, it’s smart and helping fight Covid-19. A new type of low-cost ventilator – priced at $3,300 vs standard ventilators, which typically cost more than $30,000 – has been developed in only one month thanks to two New York based entrepreneursScott Cohen, co-founder of the technology center New Lab, which is in the Brooklyn Navy Yard, and Marcel Botha, founder and CEO of 10XBeta, a “product development firm creating future-shifting products where speed-to-market is paramount,” which is in the New Lab.

Tuesday, April 7, 2020 - 12:37pm
Its worldwide headquarters are in Brooklyn, New York and its heart is in Italy: Fluidmesh – that was founded in 2005 by four Italian engineers, the brothers Umberto and Cosimo Malesci with their friends Torquato Bertani and Andrea Orioli – is being acquired by US tech giant Cisco.“Our goal was to reliably deliver fiber-like performance […]
Thursday, April 2, 2020 - 6:38pm

Data are so important to understand and fight coronavirus. The NYC based startup Cuebiq is helping thanks to its “COVID-19 Mobility Insights“: “We understand this is a tough time for businesses as well as consumers. As part of our commitment to sharing data for the greater good, Cuebiq is providing free access to mobility and store visitation patterns during the COVID-19 crisis to help businesses as they look to adjust their strategies to meet this new and uncertain market.”

Friday, March 6, 2020 - 10:36am
<<“Last year, when I was raising my seed, this guy was like, ‘It must be really difficult for you to raise money, Shannon, because men dissociate intelligence from attractiveness,’” said Shannon McLay, 40, who has started a chain of financial coaching centers called Financial Gym. (…) “I’ve heard, ‘I really love you, Chanel, I think […]
Monday, March 2, 2020 - 9:39am

With this single investment I’m done. As soon as I get my liquidity event I will party like there’s no tomorrow.” This is what Brian Cohen told us in 2012, when Alessandro and I interviewed him for “Tech and the City”. The investment was in Pinterest, the popular social network used to share photos, organized as collections of pictures on a pin board. Founded in Palo Alto, Silicon Valley, by three youngsters under 30, and launched in March 2010, Pinterest has become one of the most visited sites. “I helped them start and guided them as a mentor to become what they are,” said Cohen, who is Chairman of the New York Angels since October 2011. He was one of the very first investors in Pinterest.

Now Pinterest is valued $12 billion or more and has just confidentially filed paperwork with the Securities and Exchange Commission for an initial public offering that should happen in the next few months.

Saturday, February 8, 2020 - 1:41pm

Another exit for a NYC startup: Authorea, co-founded by the Italian astrophysics Alberto Pepe, has been acquired by Atypon, the leading online scholarly publishing technology company. “I want to bring sexy back to science”, Pepe said when he launch his startup in 2012 with Nathan Jenkins. “Our mission – Pepe now explains – has been the same from day one: to improve the ways in which researchers write and publish their work. We’ve felt that science writing and publishing are not as modern as they could be, which is why we built Authorea, so that research documents can exist on an open, online, data-driven, interactive platform.”

Wednesday, January 29, 2020 - 12:36pm

Did you know that Amazon.com is Staten Island’s largest private sector employer? Since 2017 Jeff Bezos’s company operates a $100 million, 855,000-square-foot fulfillment center that employs a 4,500 full-time workforce. Now Amazon.com has leased a second warehouse in the borough for distribution purposes. The new 450,000-square-foot building will be on Staten Island’s West Shore in Matrix Global Logistics Park, next to the first one.

Last year, Amazon abandoned its plans to locate a second headquarters in the Queens neighborhood of Long Island City after facing a backlash over a state and city package of up to $3 billion in financial incentives. Although the company pulled the plug on that project, it said it would continue to add jobs in New York City, writes the WSJ.

Tuesday, December 10, 2019 - 12:37pm
“Cornell Tech Welcomes Amazon to NYC”: I totally agree with them! and totally disagree with criticism against Amazon’s decision to bring their new headquarters to Long Island City, Queens. Some activists even proposed to boycott last Amazon’s Black Friday: it was ridiculous and failed, of course.  I think that the more the better. A great […]
Tuesday, October 1, 2019 - 5:32pm
Congrats to the Italian startups Avatr, Caracol, Criptalia, Cydera, Doralia , GardenStuff concluding 3 month training at Entrepreneurs Roundtable Accelerator led by Murat Aktihanoglu and Iynna Halilou with #GlobalStartupProgram launched by Michele Geraci at Ministero dello Sviluppo Economico, and managed in NYC by ITAtradeagency. They are ready to grow business in America with support by […]
Friday, September 27, 2019 - 5:33pm
“State and city officials, along with business leaders, have for years pushed to take advantage of the expertise at hospitals and universities in the area and diversify the local economy with biotech.”, write the Wall Street Journal today. “Yet efforts have faced barriers including scarce, costly real estate and a laboratory’s specialized ventilation and other […]
Maria Teresa Cometto is an Italian journalist with more than 25 years in the media industry. Since 2000 she has been based in New York, covering business, financial markets and high-tech, and writing for some of the most important Italian papers such as Corriere della Sera, which is the daily with the largest circulation in Italy, and Il Mondo, the most authoritative Italian business magazine.