BMW iVentures officially opened the doors to its New York office this week, and inaugurated its new space with a panel discussion on digital technology and mobility.
The $100 million fund has already seeded U.K.-based Parkatmyhouse.com and MyCityWay, which will lease space in BMW's trendy West Village office. The firm plans to invest primarily in urban mobility technologies to solve the transportation needs of the future. But the hot topic of the evening was, of all things, parking.
Speaking in front of an audience made up mostly of VC groupies and techies angling for a free drink and an introduction to fund managers, panelists seemed to unanimously agree that the practice of finding a place to park your car was 20 years behind the times. In an industry where advanced technology is considered a gate or the capability to take a credit card, there is obviously a lot of room for improvement. … Read more