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Shake Shack debuts on NYSE, on its way to being a $1 billion company

A burger, fries, and beverage are arranged for a photograph at a Shake Shack restaurant in New York, U.S., on Wednesday, Sept. 10, 2014. Shake Shack, the burger chain started by restauranteur Danny Meyer as a kiosk in a New York City park, is preparing fo

In three days, the estimated selling price of Shake Shack's IPO went from $14-$16 per share to $21. That was before it started trading this morning at nearly $50 a share. Read more »

Slideshows

Everything you need to know about Shake Shack as goes public

by Upstart Business Journal editors

S hake Shack began in 2001 when Danny Meyer, who had a restaurant next to New York's Madison Square Park, listened to an idea his business partner Randy Garutti had to set up a hot dog cart in the park. The wildly popular cart set up shop for three summers and sold Chicago-style hotdogs in the middle of Manhattan. It was replaced by a permanent structure in 2004 that expanded the menu to include  ...

23 minutes ago
Hot Shots

Google's arch nemesis on the verge of $70M round with help from Microsoft

by Michael del Castillo Google's founders

A lmost overnight Google rose to mobile phone dominance back in 2012 when it acquired operating system startup Android for an estimated$50 million.

So it only makes sense that a company founded by a man whose singular focus is to make Android obsolete would be a hot asset to any of the search giant's competitors.

CyanogenMod co-founder and CEO Kirt McMaster is in discussions with Microsoft to  ...

25 minutes ago
Interactives

SUPER BOWL ADS: Internet trolls meet their match in... Coca-Cola?

by Alex Dalenberg

While some brands go for laughs at the Super Bowl, Coca-Cola goes all in on earnestness. The Atlanta-based soft drink colossus is following up last year's memorable "It's Beautiful" spot—featuring "America the Beautiful" sung in eight different languages—with a campaign against online negativity. Maybe the Coca-Cola social media managers are tired of trolls in their YouTube comments?  ...

48 minutes ago
Startups

Synek’s ‘Keurig for beer’ dispenser nears public launch

by Brian Feldt Synek draft system

The Synek Draft System, a crowd-sourced draft beer dispenser that seeks to allow users to drink any beer — at any time — from their kitchen countertop, has settled on a final dispenser design as it nears its public launch.

 ...

1 hour ago
Executive Forum

How to become multiculturally savvy and close a deal in a foreign land

by Gayle Cotton Gayle Cotton

I n today's global business marketplace, the ability to sell to and communicate effectively with different cultures cannot be underestimated.

I found this out very quickly when I lived and worked in Switzerland. I didn't expect that there would be specific things about me that would have a negative impact when promoting my company's Cross-Cultural Training Seminars. However, I found out very  ...

2 hours ago
Loot

Houston design firm hopes to spark city's startup scene by launching VC fund

by Joe Martin Bouncing Pixel

B ouncing Pixel, a Houston-based interactive design studio, plans to launch a new startup venture firm, Pixatronic Ventures, with the hope of generating more Web and technology companies in the Houston market.

President Jerald Reichstein, his brother Bruce Reichstein and their partner Jackson Lau want to create a test lab for different projects that, if successful, will lead to new tech companies  ...

3 hours ago
Hot Shots

Rap mogul Suge Knight charged with murder in hit-and-run

by Teresa Novellino Suge Knight

H ip-hop mogul Marion "Suge" Knight, who co-founded Death Row Records and has already spent time in prison, is facing a murder charge in a hit-and-run in Los Angeles.

The Los Angeles County Sheriff's office said Knight was arrested at about 3 a.m. this morning and is being held on $2 million bail. He turned himself in to police with his attorney saying the rap mogul accidentally ran over and  ...

3 hours ago
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