Accelerators · Cpg

Is there an opportunity for a YC for restaurants?

Bill Wade Software Engineer at Cloudflow

February 1st, 2016

It's become much much cheaper to test restaurant and food concepts (farmers markets, pop ups etc).  Is there a good option for food entrepreneurs to go through an accelerator for them and/or is there room for one? It strikes me that there is but a bigger issue might be that there aren't a lot of liquidity events in the restaurant space. Would love other's thoughts on this.

Vijay MD Founder Chefalytics, Co-owner Bite Catering Couture, Independent consultant (ex-McKinsey)

February 1st, 2016

I think accelerator is the wrong option unless you're Joe Bastianich or some other person who's figured out a restaurant playbook and looking to deploy it in new locations.

Why would a VC based financial model built on 100X returns (angel level) be applied to a space where those returns tend to be much less distributed and smaller (unless you're shooting for chain QSR)?

Restaurant tech would be a different animal...but restaurants themselves?  Premise seems a bit hard to see all the way through to the finish line.

Daniel Karsevar SOLUTIONTOPIA - Effective Scaling Strategies

February 1st, 2016

There are so many facets to a restaurant that it is challenging to truly test them out prior to opening.  The combination of cuisine, consistency of execution, location, décor, ambiance, training, service, management etc. is all too much I believe to truly test out.   My friend is involved in Feastly an app based platform for PopUp restaurants that allow certain aspects to be tested from cuisine, style of service and even ambiance to a point.  I believe this type of concept is the best way to get consumer feedback and a small scale proof of "partial" concept.

Steve Simitzis Founder and CEO at Treat

February 1st, 2016

La Cocina in SF has an incubator program that's worth checking out. http://www.lacocinasf.org/incubatorprogram/

Michael Brill Technology startup exec focused on AI-driven products

February 1st, 2016

This strikes me as something a Title III class funding portal should support. Most of these companies have limited exit opportunities but they have product and lifestyle benefits that are very appealing to local investors. 

While this thread: http://members.founderdating.com/discuss/4571/What-is-the-opportunity-with-Title-III-crowdfunding got a bit too focused on wine, the principle is the same for restaurants. 

A restaurant can't compete on pure financial returns vs. most classes of investment, but it does have an unfair advantage in the form of products, experiences and general lifestyle enhancement it can offer to investors.