Free house, anyone?
Adam Weitsman, whose network of scrap recycling operations includes the Ben Weitsman of Albany scrapyard at the Port of Albany, has a house to get rid of.
The house, on the Skaneateles property where he has another much larger home, is being offered for free. The catch: The new owner will have to move it from the spot.
Weitsman wants to build a pool, pool house and cabana on the site, according to syracuse.com. He initially proposed demolishing the house, but no doubt appreciates the optics that recycling it instead would provide.
The house is in fairly rough shape and would need some work, Weitsman told the Syracuse Post Standard. So he’s offering $25,000 to help cover the costs of removal and preservation.
Friends and family
Like they say, every oak started as an acorn.
The same is true for Sinclair Schuller’s new company Nuvalence.
Schuller started the Troy software company Apprenda and turned it into one of the fastest-growing tech companies in the Capital Region, with a $24 million investment from Safeguard Scientifics, a Philadelphia venture capital firm.
But after Safeguard Scientific unexpectedly pulled its support for Apprenda last summer, Apprenda was suddenly shut down. Its assets were sold for a mere $1.55 million in a fire sale.
Schuller vowed in the aftermath that he wouldn’t go the venture capital route this time around when he started his new firm.
But that doesn’t mean he won’t raise capital. In fact, Schuller and his management team at Nuvalence have raised nearly $1 million to launch the new company, according to a recent regulatory filing.
But with just eight equity investors, it’s likely they are all employees, friends or family, which is a lot different than a cut-throat VC firm.
Where the action is
Is it our imagination or do most of the developments in retail these days seem to be happening in downtown areas?
The latest news: Angela’s Bridals last week announced on its Facebook page that it would be relocating from downtown Albany to downtown Troy.
A few months ago, Bluebird home decor moved from downtown Troy to downtown Schenectady. And downtown Albany is expecting to see new retail as historic buildings are restored on Pearl Street.
It wasn’t so long ago that all the action was in the suburbs. And it’s local entrepreneurs driving the change.
Published at Sat, 06 Apr 2019 18:57:59 +0000