VENTURE CAPITAL POST

Melania Trump and son Barron will not be joining President-elect Donald Trump in the White House. They will be staying in New York City until Barron finishes his school year.

After an incident of overspeeding when a train travelling more than twice the speed limit crashed killing a woman and injured more than a hundred passengers less than two weeks ago, the rail service at a New Jersey transit station resumed, Monday.

A startup is getting ready to launch a ride-sharing app that could compete against Uber. The startup claimed that they would aim to form a better relationship with drivers and pay the drivers better with lower commission. As for now, the company is still gathering data, with the help of Uber drivers paid $25 per week to carry Juno devices while doing their job.

New York's first micro-units apartment building will be launched in March. Smaller apartments are getting more popular as a living alternative because of the lower cost. New York City ranked second in a list of cities with the highest rents.

New York City gets a $176 million federal funding to clean up the natural disaster scene, specially after Hurricane Sandy. The fund was raised through a national contest organized by the Department of Housing and Urban Development, to better prepare the citizens for any forthcoming natural disaster. Additionally, the city now has the $100 million from Mayor de Blasio to build their large-scale flood protection system around Lower Manhattan.

A three-year-old law in New York City created to keep tabs on their social efforts to meet the needs of their low-income neighbors was deemed unconstitutional, according to a US federal judge.

New Yorkers see no problem in paying more for fast food items just so fast food workers can earn more. Last month, the New York State's wage board approved the much controversial $15 per hour minimum wage for fast food workers and such wage increase would mean an increase of 4.3% in fast food prices.

It is getting cheaper to rent an apartment in North Dakota's oil patch. Prices, which only last year rivaled levels in New York City and Geneva, have slipped about 15 to 20 percent in the past two months as dozens of new apartment buildings opened in Williston, Watford City and other oil hub cities.

New York City regained its top position among global commercial real estate buyers, unseating London and highlighting the appeal of U.S. properties in general, according to a survey of international investors released Tuesday.

New York City, US-based online legal staffing startup Hire an Esquire closed $350,000 in its seed funding round from investors 37 Angels, 645 Ventures, and Ulu Ventures to expand its client base.

New York, US-based web performance monitoring firm Catchpoint Systems will be foraying into China and Russia, based on the pathway provided by their clients, indicating that Asia Pacific and Russia are the emerging markets in the industry.

Moveline has raised $5.9 million Series A funding round from multiple investors including Tony Hsieh, Quotidien Ventures and ff Ventures Capital and the VegasTechFund.

New York City, US-based online food ordering and delivery site Delivery.com launched in Hong Kong to take advantage of the lucrative food market and the busy corporate environment of the Asian country.

San Francisco, US-based food delivery startup Caviar bagged a total of $15 million in its seed and Series A funding led by Winklevoss Capital and Tiger Global to expand into new cities.

Hospitality startup Airbnb has increased its service arm to Los Angeles through a partnership with Homejoy and Handybook, reported TechCrunch.