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Here's the real content, found at the end: "New restaurants, with too-easy access to financing from people like me, invest too much in design, tableware, food,
by johansch 10y ago
Here's the real content, found at the end:
"New restaurants, with too-easy access to financing from people like me, invest too much in design, tableware, food, and service, driving up every customer’s expectations of every restaurant in a cyclone of unprofitability.
Landlords, with enough dreamers to fill their spaces, can command nightmare rents."
- telotortium 10y agoAnd of course, the explicit connection drawn to the raison d'être of this site: "Manhattan restaurants seem to be the original example of the business model taken to its extremes by Uber and others in Silicon Valley, of investor capital subsidizing, semi-permanently, the customer experience."