TiE NJ Leadership Chat, Kearny Point, Jumpstart NJ Angel News And Audible Bucks

[This article was taken from NJTW News, an NJTechWeekly.com newsletter. Sign up for it here.]

  • We wish all the veterans in the New Jersey technology community a belated Happy Veterans Day.

TiE NJ Leadership Chat

  • On Wednesday, the TiE NJ group held a leadership chat with Bhaskar Sambasivan, the new CEO of Princeton-based CitiusTech, in conversation with Anjan Lahiri, the group’s chairman.
  • Sambasivan explored how new leadership can make changes without disrupting the company, by framing those changes as a continuation of current policy.
  • He also spoke about establishing an “outside-in” culture, putting the customer first.
  • If you put the customer first, then you are encouraged to have arguments internally.
  • “You can pick fights with even senior management just to ensure that the client is served in the best possible manner.”

Kearny Point

Shihab Kuran, CEO of Power Edison | Courtesy Power Edison

  • Kearny Point, an industrial park that is home to many innovative companies, will soon be the site of an electric vehicle charging hub.
  • Power Edison of Watchung and Hugo Neu realty managementbased in New York will work together on creating the hub.
  • This project will be comprised of more than 200 high-power fast chargers sited at Kearny Point Industrial Park
  • The Park is 10 minutes from the Port Newark-Elizabeth Marine Terminal, and 10 minutes from New York City.

Jumpstart New Jersey Angels

Stephen Dyer, chairman of Jumpstart New Jersey Angel Network | Courtesy Stephen Dyer

  • Westchester Angels and the Jumpstart New Jersey Angel Network have formed a strategic partnership.
  • The two angel groups will cooperate on deals and pool their due diligence efforts.
  • Stephen Dyer, chairman of JumpStart, said that the partnership will accelerate deal flow significantly, raising more capital for startups across the tri-state area.

Audible Bucks

A view of the Audible Innovation Cathedral, in Newark | Esther Surden
  • Audible, the Newark-based audiobook and tech company owned by Amazon, known for subsidizing lunches for its employees at local Newark restaurants, has extended that idea into the community.
  • The company launched “Audible Bucks” a six-month pilot program in collaboration with Rutgers University-Newark, NJIT, FOCUS Hispanic Center for Community Development and the Newark YMCA.
  • Powered by Newark Venture Partners portfolio company Mobility Capital Finance (MoCaFi), the program will provide a weekly $75 stipend to provide discretionary income to help offset students’ cost of living.
  • The intention is to drive spending at local businesses to support Newark’s economic recovery and overall financial wellness in the community.

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