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by hugh3 5499 days ago
Well, I do like grilled cheese, and I'm happy to have five more opening in the SF Bay Area (please be Berkeley, please be Berkeley) but... really? Sequoia Capital funds grilled cheese restaurants nowadays?

I mean, apart from anything else it's going to make 'em look especially silly if it fails. I can see the annual report now. "This year we made $50 billion from five IPOs in the computer-aided drug discovery, computational nanotech, and metamaterials sectors. We also wrote off $10 million we invested in a grilled cheese chain."

4 comments

"We also paid a trifling sum of money for an option on participation in whatever the next thing the Flip creator does after he gets the grilled cheese thing out of his system."
It's certainly possible that the deployment of five restaurants are just so that the developers have 100% control over the proving ground for their new software. It certainly sounds like this is a technology company to me anyway.
More realistically, "We made $2 billion from five IPOs in the computer-aided drug discovery, computational nanotech, and metamaterials sectors. We have 20 modestly profitable companies (including a grilled cheese chain), and we wrote off investments in over a hundred other companies."
No Berkeley in the first four: Downtown, Lower Market, Bay Bridge, Palo Alto... http://themelt.com/locations