Would-be restaurateurs turn to the public for cash

Here's a novel way to raise the capital needed to open a restaurant: one restaurant planned for New York City's Tribeca area is asking 2000 people to give 500 dollars each in return for their money, they will be guaranteed a lifetime of special privileges, a 25% discount on all meals, and priority when it

Here's a novel way to raise the capital needed to open a restaurant: one restaurant planned for New York City's Tribeca area is asking 2000 people to give 500 dollars each in return for their money, they will be guaranteed a lifetime of special privileges, a 25% discount on all meals, and priority when it comes to reservations. The article mentions how philanthropic websites like kickstarter.com and kiva.org can be used for this kind of fundraising.

The New York Times, 11/9/2011

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