Here’s a story out of San Francisco about the new wave of crowd funded restaurant ventures in San Francisco. “Crowd funding” is the practice of raising money online through donations via sites like www.KickStarter.com. The websites help you promote your idea and raise money to get it off the ground.
Looking at the amount of money being successfully raised, I’m not sure if crowd funding will ever be enough to bankroll an entire restaurant buildout. It does however seem pretty viable to raise enough money for your operating capital or a down payment on a bank loan for your restaurant.
Read the original article here.