Many of the subjects of Streetsblog's "criminal mischief" (defaced or obscured plates) are vehicles displaying NYPD parking permits. This problem won't get solved until someone besides the police is tasked with fixing it, at least in NYC.
OP expressed a concern about prison capacity, and I think the intent in referencing the 90s crime rate was to point out that Rikers has seen much higher crime rates that what we're currently seeing.
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No, that's incorrect (speaking as a founder who's raised $35mm and sold shares on the private market). Private financings will trigger a new 409a valuation but won't influence it. 409A valuations are typically based on Black Scholes and have no connection to private funding valuations. Secondary sales only affect fair market if there's a functioning secondary market, and AFAIK there are no private startups with a FUNCTIONING secondary market.
This article is wrong. Option strike prices and taxation are based on the 409A "fair market" valuation, not private valuations achieved during fundraising. Move the decimal one place to the left and the numbers in the article get a bit more realistic.
> Isn't the whole point of "going public" to raise money?
It used to be. Regulations introduced in the past decade have made it very expensive to be a public company - there's a lot of accounting and legal overhead. These days it's easier to raise large sums of money privately and only IPO when those investors want to cash out.