Tag Archives: EquityEats

$100 Can Now Make You An Equity Investor in a DC Distillery

Source: Washingtonian Food

Beginning this week, crowdfunding platform Indiegogo is letting businesses offer equity stakes to the public—not just perks like T-shirts or free food. The change follows new regulations that allow people of all income levels to become investors. Previously, only “accredited investors”—individuals who make $200,000 a year or have a net worth of at least $1 million—could financially back and potentially get profits from private companies.

Among the first four businesses worldwide to launch on the new equity platform is Ivy City distillery Republic Restoratives. Before it opened in May, founders Pia Carusone and Rachel Gardner raised $119,643 from over 600 ...

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EquityEats Encourages Prequel Investors to Give Up Equity for Food and Drink Credits

Source: Washington City Paper Young & Hungry

D.C.-based crowdfunding platform EquityEats is turning away from its founding mission to allow anyone to become an equity investor in a restaurant. The company is now encouraging investors in its pop-up hub Prequel to convert their equity investments into food and drink credits.

Those who choose to cash out will get double their initial investment in food and drink credits toward Prequel’s rotating restaurants and house bar. So if they put in $100 and choose to divest, they get $200 in credit. If Prequel is profitable enough to make distributions that would exceed that amount, they’ll continue to earn profits in the form of additional credit.

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EquityEats Revamps Its Crowdfunding Model Again

Source: Washington City Paper Young & Hungry

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D.C.-based crowdfunding platform EquityEats is changing the way to raises money for restaurants for the second time since it launched last October.

Now, restaurants using the service will no longer offer equity in their businesses to non-accredited investors. Instead, individuals who don’t make $200,000 a year or have a net worth of at least $1 million to qualify as accredited investors will receive food and beverage credit for the full amount of their investments, which can range between $100 to $5,000. They’ll also get a 20 percent return each year in the form of dining credit, regardless of how profitable the restaurant is.

So, for example, if someone invests ...

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Prequel Founder’s Mom Will Cook Sri Lankan Dinners at the Pop-Up Hub

Source: Washington City Paper Young & Hungry

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Whenever EquityEats CEO Johann Moonesinghe‘s mom Ruth visits D.C., she always cooks a Sri Lankan meal for him and his friends.

“All his friends have told him him, ‘Johann, if your mom’s going to start a restaurant, we’ll invest,'” says Ruth. She has no plans to actually open a restaurant at this point, but she will be taking over the kitchen at her son’s pop-up venture, Prequel, which hosts a rotation of restaurant and bar concepts in Penn Quarter. Tickets for the Sri Lankan feast on July 31 and Aug. 1 are $50 per person.

Ruth, a high school calculus teacher in Pasadena, Calif., ...

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Lighthouse Pops Up at Prequel With Burgers and Lobster

Source: Washington City Paper Young & Hungry



Pop-up hub Prequel launched with a bakery in early April and introduced its house bar, Brick & Mortar, a couple weeks ago. Tonight, the venue at 918 F St. NW will host its first restaurant pop-up for a burger and lobster concept called Lighthouse.

Lighthouse is operated by EquityEats, the equity crowdfunding platform that’s also behind Prequel. The $57 prix-fixe menu will include half a poached Maine lobster with garlic butter and a salad; a six-ounce house-ground burger with tomato jam, maple-smoked cheddar, and a side of fries; and a small-bite dessert. Proof and Estadio Wine Director Max Kuller will curate drink pairings, including a ...

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With the Launch of “Pop-Up Megaplex” Prequel, EquityEats Rethinks Its Business

Source: Washington City Paper Young & Hungry

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The dark red stone building at 918 F St. NW has remained fairly quiet since LivingSocial stopped using it as a hub for cheesemaking, bellydancing, vodka tasting, and terrarium-building classes. But last week, the shuttered event space became home to a pop-up once again. Bluebird Bakery, from two of the city’s top pastry chefs, has taken over the first floor atrium with a spread of croissants, fruit tarts, macarons, and other baked goods displayed on wooden boards and turquoise cake stands. A coffee bar serves La Colombe, while an upstairs seating area provides a home for anyone who ...

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“Pop-Up Megaplex” Prequel Opens a Bakery This Week, Bar Coming Soon

Source: Washington City Paper Young & Hungry

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Prequel—the “pop-up megaplex” at 918 F St. NW that will eventually host as many as five rotating restaurants and bars at a time—opens to the public this Thursday with Bluebird Bakery taking over the ground floor. A bar called Brick & Mortar will open in Prequel’s basement in the coming weeks, as soon as it gets a liquor license. More pop-ups, including one from a lobster and burger concept called Lighthouse, will follow. Overseeing the whole thing as general manager will be DGS Delicatessen‘s Brian Zipin, who remains a partner in the Dupont deli but will no ...

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Pop-Up Culture: Behind the Scenes in D.C.’s Temporary Bars and Restaurants

Source: Washington City Paper Young & Hungry

Bartender Jason Strich is gluing $100 worth of plastic human skulls to the inside of a black box—for the second time. The heads nearly rolled away earlier when a gust of wind knocked them over while he was loading his car. Meanwhile, fellow bartender Owen Thomson is measuring out straw thatching.

They’ve got about four hours left until their Sunday night tiki-themed cocktail pop-up at Cafe Saint-Ex begins, and they still need to finish plastering bamboo to the walls, kegging up the draft drinks, assembling elaborate garnishes out of pineapple leaves and flowers, and crushing a few hundred pounds of ...

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You Can Now Invest In D.C.’s First “Pop-Up Megaplex”

Source: Washington City Paper Young & Hungry

918Last week, EquityEats announced that it will open a “pop-up megaplex” in the former LivingSocial event space at 918 F St. NW this spring. Restaurants using EquityEats’ equity crowdfunding platform and other local chefs will be able use the building to showcase their food and drinks to potential investors and the public. The “movie theater but for foodies” will be able to accommodate up to five pop-ups at any given time.

Now you can invest in the complex, which is called Prequel. And not just in a get-a-free-t-shirt Kickstarter kind of way. Anyone, regardless of income, will be able to ...

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EquityEats Will Open “Pop-Up Megaplex” at 918 F Street NW

Source: Washington City Paper Young & Hungry

MainBuilding-ADJRestaurant crowdfunding platform EquityEats—which allows investors to earn profits, not just perks—has quickly realized that the best way to get people to back food businesses is for them to actually taste the food and meet the chefs. And so they’ve been searching for a permanent space where restaurants seeking funding can host pop-ups and residencies for potential investors and the public.

Now they’ve found that plus some: EquityEats has subleased five floors of 918 F St. NW, the building that LivingSocial used for events and classes before moving out a year ago. The new facility, which includes a basement bar, will be ...

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Preview Seafood Counter Albright Special at 2 Birds 1 Stone

Source: Washington City Paper Young & Hungry



Greg Kakaletris and Brittany Frick are working to open a seafood counter in D.C. called Albright Special, named after a type of fisherman’s knot. The restaurant is among four businesses that are seeking funding through equity crowdfunding platform EquityEats, and now, they’re hosting their first dinners open to the public.

On Feb. 15 and 16, Albright Special will takeover the bar at 2 Birds 1 Stone to serve a nine-course seafood-focused dinner. “We’re trying to emulate our whole counter vibe,” says Kakaletris, who used to work at 2 Birds 1 Stone as well as Doi Moi and Estadio. The menu will likely ...

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EquityEats Rethinks Its Timeline and Looks to Open Pop-Up Space

Source: Washington City Paper Young & Hungry

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When it launched in October, equity crowdfunding site EquityEats aimed to raise money for four new restaurants within 45 days. But two-and-a-half months after the launch, none of the projects have reached half of their goals, and two of them aren’t only around 10 percent of the way there. EquityEats, which allows investors to earn profits, not just perks, has extended all of the campaigns—with 67 more days to go.

Granted, EquityEats founder Johann Moonesinghe set out with some lofty ambitions. The restaurants seeking funding through the platform—a bakery, a seafood counter, a lobster and burger joint, and a seasonally-focused American restaurant—are aiming ...

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Bluebird Bakery Will Pop-Up at After Peacock Room

Source: Washington City Paper Young & Hungry

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Pastry chefs and husband-wife team Tom Wellings and Camila Arango still need to raise $447,500 through equity crowdfunding site EquityEats to make their Bluebird Bakery a reality. In the meantime, they’ll be popping up at After Peacock Room in Georgetown on Jan. 25 from 7 a.m. to 11:30 a.m. to give people a taste of their croissants and tartines.

The menu will include a selection of pastries they hope to eventually offer at their own bakery, including almond croissants, pain au chocolat, kouign-amann, pistachio madeleine, and Meyer lemon and poppy seed tea cake. There will also be prosciutto di Parma ...

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There’s Something Crawling Around in This Swag Bag

Source: Washington City Paper Young & Hungry

Between all the galas, fundraisers, and VIP events, D.C. is a city swimming in swag bags. But EquityEats—a new restaurant crowdfunding platform in which investors earn profits, not just perks—may have just outdone them all at its launch party last night. As guests parted the event at Doi Moi, hosts handed out bags with live lobsters.

The idea came from EquityEats CEO Johann Moonesinghe as a way to promote one of their restaurants seeking funding called Lighthouse, which plans to serve a menu limited to burgers and whole lobsters.

“We were kind of like, ‘Are you serious?'” says Steve Lucas, the vice ...

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A New Restaurant Crowdfunding Platform Offers Profits, Not Just Perks

Source: Washington City Paper Young & Hungry

For four years, Brittany Frick and Greg Kakaletris have talked about opening a seafood restaurant of their own. Inspired by a more than 100-year-old San Francisco institution called Swan Oyster Depot, they envisioned a small counter spot where the people cooking the food are also the ones serving it. Guests would sit on stools and chow down on smoked mussels, charred octopus salad, oysters, crudos, and other seafood dishes. They named it after a type of fisherman’s knot: Albright Special.

Kakaletris brings 10 years of front-of-house and bar experience at places like Estadio and 2 Birds 1 Stone...

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Four New Restaurants Seek Funding With the Launch of EquityEats

Source: Washington City Paper Young & Hungry

D.C.’s first restaurant equity crowdfunding site, EquityEats—where investors can earn profits, not just Kickstarter-like perks—launches today. Four businesses are seeking funding through the platform to start: a bakery, a seafood counter, a lobster and burger joint, and a seasonally focused American restaurant.

EquityEats is the brainchild of tech entrepreneur Johann Moonesinghe and co-founders Jason Pinto, Andrew Harris, and Steve Lucas. The team initially set out to allow anyone invest, but restrictions related to securities law and private investments proved too cumbersome. So at least for now, the platform will accept money exclusively from “accredited investors”—people with a net worth of $1 million (which can ...

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Equity Crowdfunding Site for Restaurants Prepares for D.C. Launch

Source: Washington City Paper Young & Hungry

downloadIf you want to be a restaurant investor, you pretty much have to be rich.

The Securities and Exchange Commission makes it a big pain for restaurants or other businesses to accept funds from anyone who isn’t an “accredited investor.” And to be an accredited investor, you have to have a net worth of $1 million (which can include assets owned jointly with a spouse, but not the value of their primary home), or an income of at least $200,000 for the last two years ($300,000 with a spouse). If you don’t have that kind of cash, you can technically ...

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