Dennis Monroe is quoted in the recent Restaurant Business online article “As Financing Dries Up, Companies Turn to Crowdfunding.” The article suggests that as traditional funding sources like banks and large investors are pulling back from funding restaurants, crowdfunding may be gaining some new life.
Because there are plenty of consumers out there who have spending money and who are interested in supporting their favorite restaurants, Dennis believes there’s an opportunity for restaurants to do some crowdfunding to shore up their positions. This can be accomplished through “reward crowdfunding,” in which restaurants provide certain rewards to customers who donate a little money.
Read the full article.
