Inside San Francisco - May 10th, 2019

Inside San Francisco (May 10th, 2019)

Bountiful Billionaires / Bike Lane Tickets / BART Use Drops

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On Saturday expect partly cloudy skies, with a high/low of 64/54. On Sunday, expect more clouds, with a high/low of 64/53.

1. One out of every 11,600 SF residents is a billionaire. So says a widely-reported study by Wealth-X, a company that claims to have "the world’s most extensive collection of records on wealthy individuals." With 75 billionaires living within the 7x7, SF ranks third worldwide in total count (number one is NY, with 105, followed by 87 in Hong Kong), but it's number one in billionaires per capita (New York, Dubai and Hong Kong trail with one for every 81,000-85,000 or so). - SFIST

2. Mayor London Breed has vowed to start ticketing drivers who block the bike lane. If you obeyed one of my previous Follow Fridays and keep an eye on 311's feed, you'll see a multitude of blocked bike lane reports responded to with "no immediate action will be taken." But in a statement emailed yesterday to coincide with Bike to Work Day, Mayor London Breed said that she's pressuring the SFMTA to issue more citations to drivers who park in the verboten lanes by 10 percent. A ticket for blocking the bike lane currently clocks in at $132 and the SFMTA says it wrote 27,000 bike tickets during the second half of 2018, so - cyclist protection aside - it's an effort that arguably comes close to paying for itself. - CURBED SF

3. Follow Friday: Big Sur Hates You. Part of a wave of social media accounts dedicated to mocking those who do dumb or illegal things outdoors and post the proof to social media (other examples include Public Lands Hate You, Joshua Tree Hates You, and You Did Not Sleep There), Big Sur Hates you is a fresh voice on the scene, since April 10 re-posting 66 or so Instagram entries that depict potentially risky or illegal behavior in the coastal community. Recent posts chide backcountry visitors who might be without fire pit permits, folks posing in the middle of an active highway, and people molesting marine life. If, like me, you are a not-so-secret hall monitor, you will get a great deal of satisfaction from a follow of this account.

4. BART's ridership continues to drop, and an upcoming fake hike is likely to make things worse. During a meeting of BART's board Thursday, members said that its three-year slide (128.5 million riders in 2016, 124.2 million in 2017, 120.6 million in 2018) could be aggravated by a planned 5.4 percent fare hike in 2020. "If you’re not happy with your cable service, and then they come at you and raise the bill by 5 percent, the cable company is going to lose customers," director Debora Allen said, while others bemoaned the agency's approval rating, which hit a record low this year. Fewer riders (and therefore less fare money) isn't the only way the agency's coffers are shrinking, as advertising revenue has dropped by 51 percent, from $20.7 million generated this year to only $10.1 million expected next year. - SF CHRONICLE

5. A San Francisco mansion once inhabited by an alleged art-stealing squatter has gone on the market. The Presidio Heights replica of Le Petit Trianon was built in the 1900s, was purchased and abandoned during the baller-to squalor fall of Salesforce and CNET co-founder Halsey Minor, and has now been staged for a potential $30 million sale. - BUSINESS INSIDER

6. A 30-year-old senior accountant at an unnamed tech firm pays $700 in rent a month, and pulls down $118,000 a year. In a week-in-the-life money diary, she admits to a $175/month gym membership, which makes me suddenly grateful for my $39.95/month deal at my Outer Avenues (I'm trying it out, guys) joint. - REFINERY 29

7. On May 17-19, Bay Area Maker Faire returns for another weekend of tech-driven innovation and art. The fest, which will be held at the San Mateo County Event Center, will feature over 800 exhibits, hand-on activities, and robots galore. - SAN FRANCISCO MAGAZINE

8. San Francisco-based Uber surprised industry watchers when it priced its IPO at $45 a share at a valuation of $82.2 billion, which is far lower than the $120 billion expected just a few months before. Meanwhile. Harvard Business School prof Mihir A. Desai says we should root for the ride hail company's IPO to fail, as its investors "have helped to debase the entrepreneurial system that is so important to the global economy." Do you agree? Hit reply to this email and let us know what you think! - NEW YORK TIMES

9. Collapsed meal-delivery startup Munchery hasn't managed to pay any of the small local vendors it stiffed, but found the dough to award its CEO $250,000 for successfully selling its company headquarters. James Beriker, who is also being paid $36,000 a month, collected the "success fee" for unloading company assets to caterer Gate Gourmet. - EATER SF

10. Today's SF in Pictures: Instagram user teddy_theminipoodle

Eve Batey, who pens Inside San Francisco and Inside Media for you five days a week, is a writer, editor, and consultant based in San Francisco. You can find her on Instagram at @evelb, or email her at

Editing team: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside); Susmita Baral (senior editor at Inside, who runs the biggest mac and cheese account on Instagram); and David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).

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