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Alumni startup ‘Parking Bee’ works to make parking more affordable

November 22, 2016 by ips_admin

While interning with Merrill Lynch two summers ago, Mike Black found his weekly commute into New York City was costing him $45 a day in parking fees alone. “That’s when it hit me,” said Black, who graduated from Penn State in 2016 with a degree in finance. “I would have happily paid $30 a day to rent my friend’s space. And he was gone for a whole week — he could have made $150 on his spot.” With help from Lion LaunchPad, Black took that idea and transformed it into the startup Parking Bee.

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