About 30% of city traffic is caused by people driving around looking for parking.
That’s an estimate by the San Francisco Municipal Transit Agency (SFMTA). As a car-owning San Franciscan, I have to say it sounds about right.
It’s also a favorite statistic of Zia Yusuf, newly hired CEO of Streetline, a Silicon Valley-based startup that has a vested interest in the plight of urbanites and their parking issues. Streetline, which sells a sensor-based system to track parking space information, has raised $3.7 million since 2006 from Sutter Hill Ventures and other backers, according to Thomson Reuters (publisher of peHUB).
To read the full, original article click on this link: peHUB » VCs Find Space to Park Capital
Author: Joanna Glasner
