New York Gets a New Ratings Service for Restaurants

A new service for rating restaurants has released its first results for New York City, and the winners are: Eleven Madison Park, Atera and a host of similar restaurants that often end up on such lists.

The system is called Renzell. Created by Bo Peabody, an entrepreneur who owns restaurants in Massachusetts, it claims to report the experience of high-end diners more accurately than professional critics, books like the Michelin Guides, collected ratings on Yelp and in the Zagat guides or rankings like the World’s 50 Best Restaurants do.

Renzell’s rating panel consists of more than 2,000 members, many of whom answered the company’s call for people who dine out frequently at upscale restaurants; word of mouth attracted many participants. They dine at a selected group of restaurants at their own expense, anonymously, then use an app to complete a lengthy questionnaire about the experience. The data they submit is run through an algorithm that the company has developed to determine the rankings.

Read the full text from The New York Times.

This one-person startup that sells pizza is so profitable, the founder has hired over 100 people in less than a year with hardly any investors

Ilir Sela's friends and family learned to get used to his ring tone. When it went off, they knew they had to quiet down and turn off the music so Sela could take care of business. 

That business was turning an online pizza order into a real-life delivery to someone's home. Sela was doing it manually: He'd get an email with an order and call it in himself. 

"I remember going to switch from Verizon to AT&T, because AT&T allowed you to browse the internet and take phone calls at the same time," Sela told Business Insider. "At the time, I was getting orders once every few hours. I didn’t have a staff to transmit the order, I didn’t even have the technology to transmit the order."

Read the full article at Business Insider.

Meet the Fast-Growing Company That Wants to Make the Web More Polite

You visit a website for the first time and right away you get a request for your email address. You're tempted to flee. After all, do you really want to give some random site your information? You've only just met.

New York's Bounce Exchange wants to give you a reason to stick around. The behavioral automation software and analytics provider is on a mission to make the internet more polite. By analyzing user behavior--for instance, from where someone enters a site and the amount of time he or she spends there--Bounce Exchange wants to maximize conversion. In other words, it wants to help you turn consumers into customers.

The company's strategy is starting to pay off. The company's revenue ballooned to more than $15.7 million last year, up from $107,216 in 2012. By 2018, it expects to bring in more than $100 million in annual revenue.

Read more.

Wal-Mart to Acquire for $3.3 Billion

Wal-Mart to Acquire for $3.3 Billion

Wal-Mart Stores Inc. signed a $3.3 billion deal to buy web retailer Inc., bringing in some outside help to jump-start growth at the retail giant’s e-commerce operations.

The deal is the largest-ever purchase of a U.S. e-commerce startup and a sign Wal-Mart Chief Executive Doug McMillon sees the shift to online shopping and the expansion Inc. as existential threats to the company’s five decades of growth.

Healthify Raises $2.5 Million to Improve Community Health

Healthify, whose mission is to change the way healthcare addresses community health, today announced the close of a $2.5 million seed round led by a syndicate of investors including Primary Venture Partners (PVP), Milestone Venture Partners (MVP), Acumen, Kapor Capital, and Blue Cross and Blue Shield of Kansas. Healthify works with managed care organizations and healthcare providers to better connect patients with community services to resolve unmet social needs. The company already provides services in 24 states and raised the money to expand its coordination feature set into a nationwide network of insurers, healthcare providers, and community agencies. 

Farelogix and Routehappy Join Forces in Platform Integration

Routehappy Hub and Farelogix’s FLX Merchandise are joining forces to deliver integrated platforms that will enable airlines to more effectively and dynamically merchandise their flights, differentiate their products and make offers across a variety of channels – worldwide and in any language. The platforms will combine Farelogix’s dynamic pricing and Routehappy’s rich content to create a more informative flight-booking experience. 

This $5 Billion Startup Is Filling Amazon's Void In South Korea

Coupang, South Korea’s fastest-growing e-commerce site of all time. It’s the closest thing the country has to AMZN +1.27%–and in several key ways it’s better. Coupang and its founder, Kim, are a big reason Jeff Bezos will continue to avoid the country and its 51 million people. The six-year-old startup grossed about $300 million in 2014, a figure that will likely quadruple for 2015 when full-year numbers are reported later this month. 

How Maple Built An Insanely Efficient, Chipotle-Crushing Food Delivery Machine

Maple, a David Chang-backed restaurant in New York City, doesn’t have any tables, cash registers, or waiters. Instead, its customers order meals through its website or mobile app, and a fleet of bike couriers deliver them.