Restaurant Reflection, a Swiss Heiress Sues Michael Porter, too Many Startups: Sept. 30

Illustration by André da Loba

The heiress to a Swiss pharmaceutical fortune is suing Harvard economist Michael Porter, former MIT administrator John Preston, and other prominent figures over an investment in a Boston-area startup, writes Shirley Leung. [Boston Globe]

TechStars London’s demo day included presentations from mobile payments company PayMins and Peerby, which touts itself as the “next step” in the sharing economy. [TechCrunch]

Maybe there is a such thing as too many startups, says Reddit co-founder Alexis Ohanian. [Inc.]

Samuel Guzik speculates that the U.S. Securities and Exchange Commission will extend the comment period on unpopular amendments to JOBS Act rules on general solicitation. [Crowdfund Insider]

The restaurant business is harder than banking, says BofA Merrill Lynch’s former co-president and chief operating officer, Ahmass Fakahany (video). [Bloomberg Television]

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