“Leap, the luxury bus service that rolled out in March, has temporarily suspended its service today after facing a new regulatory challenge. The venture-backed private service had set out to improve San Francisco residents’ daily commute by offering an alternative to public transit. But regulators have stepped in to stop it. Like many startups that have jumped into heavily regulated industries with the hope of improving a service that already exists, Leap has run headlong into authorities who by now are well-practiced at wrangling with ‘disruptive’ startups. The company said it has received a cease and desist notice from the California Public Utilities Commission.”
http://www.wired.com/2015/05/leap-suspension-shows-regulators-are-watching-startups/
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