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Dig Inn
Dig (formerly Dig Inn) is an American chain of locally farm sourced restaurants that was founded by Adam Eskin. In 2011, the first Dig restaurant was opened in New York City. As of June 2023, the chain has 31 restaurants in New York City, Brooklyn, Rye Brook, Stamford, Philadelphia, Bridgewater, and Boston. The company opened its first Philadelphia location in 2019. History The company received $21.5 million in early funding rounds, followed by $30 million in Series D A venture round is a type of funding round used for venture capital financing, by which startup companies obtain investment, generally from venture capitalists and other institutional investors. The availability of venture funding is among the ... funding. The main contributors to this funding include Monogram Capital Partners, and Bill Allen (former CEO of OSI Restaurant Partners). In January 2019, the company introduced a new delivery concept called Room Service available in limited release in downtown Ma ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Fast Casual Restaurant
A fast casual restaurant, found primarily in the United States and Canada, does not offer full table service, but advertises higher quality food than fast food restaurants, with fewer frozen or processed ingredients. It is an intermediate concept between fast food and casual dining. In Canada, it is also often referenced by a wordplay fast good or a francization haut-de-gamme (literally "top notch"). History The concept originated in the United States in the early 1990s, but did not become mainstream until the end of the 2000s and the beginning of the 2010s. During the economic recession that began in 2007, the category of fast casual dining saw increased sales to the 18–34-year-old demographic. Customers with limited discretionary spending for meals tend to choose fast casual for dining perceived as healthier. Definition The founder and publisher of FastCasual.com, Paul Barron, is credited with coining the term "fast-casual" in the late 1990s. Horatio Lonsdale-Hands, f ...
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Series D
A venture round is a type of funding round used for venture capital financing, by which startup companies obtain investment, generally from venture capitalists and other institutional investors. The availability of venture funding is among the primary stimuli for the development of new companies and technologies. Features Parties *Founders or stakeholders. Introduce companies to investors. *A lead investor, typically the best known or most aggressive venture capital firm that is participating in the investment, or the one contributing the largest amount of cash. The lead investor typically oversees most of the negotiation, legal work, due diligence, and other formalities of the investment. It may also introduce the company to other investors, generally in an informal unpaid capacity. *Co-investors, other major investors who contribute alongside the lead investor *Follow-on or piggyback investors. Typically angel investors, high-net worth individuals, family offices, insti ...
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Bill Allen (corporate CEO)
William James Allen (April 6, 1937 – June 29, 2022) was an American businessman who was the CEO of the Alaska oilfield services company VECO Corporation. VECO was an Alaska-based oil pipeline service and construction company founded by Wayne Veltri (VECO is short for Veltri Co). Bill Allen was born in Socorro, New Mexico and at the age of 16 left for the oil fields of Alaska to become a welder to help support his family. VECO began as a one-truck welding and repair operation that grew to become a major player in the Alaskan and worldwide oil industries' support services business. He built a for-profit prison in Barbados as well. VECO also was a worldwide player in the oil industry, having divisions in many major oil markets, including Sudan, Russia, Mexico, Venezuela, and Syria. VECO had a major impact on the economy of Alaska and employed over 5,000 people worldwide. Exxon Valdez oil spill On March 24, 1989, the oil tanker ''Exxon Valdez'' ran aground on Bligh Reef, spilling ...
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OSI Restaurant Partners
Bloomin' Brands, Inc. is a restaurant holding company that owns several American casual dining restaurant chains. The company was established in 1988 in Tampa, Florida, where it is headquartered. History The company was founded in August 1988 as Multi-Venture Partners, Inc. in Florida by Tim Gannon, Bob Basham, and Chris Sullivan. In 1988 the first Outback Steakhouse was opened in Tampa, Florida. The company went public in 1991 as a 49-restaurant chain and changed its name to Outback Steakhouse, Inc. The Carrabba's Italian Grill was launched in 1993. The company's international expansion began with the first Outback Steakhouse to open in Canada. Revenues for the company exceed $1 billion for the first time. In 1998 the first units of Roy's Restaurant, Fleming's Prime Steakhouse & Wine Bar, and Lee Roy Selmon's open. Cheeseburger in Paradise was launched several years later in 2002. ''The Wall Street Journal'' reported on November 7, 2006, that Bain Capital, Catterton Partners an ...
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Danny Meyer
Daniel Meyer (born March 14, 1958) is a New York City restaurateur and the Founder & Executive Chairman of the Union Square Hospitality Group (USHG). Background and early career Meyer was born and raised in a reform Jewish family in St. Louis, Missouri where he attended John Burroughs School. Meyer’s grandfather was a prominent Chicago businessman and philanthropist, Irving B. Harris. As a child, Meyer attended Camp Nebagamon for boys in Lake Nebagamon, Wisconsin. During college, Meyer worked for his father as a tour guide in Rome and then returned there to study international politics. Meyer was a Brother of the Alpha Delta Phi fraternity while at Trinity College in Hartford, Connecticut. After graduating from Trinity in 1980 with a degree in political science, Meyer worked in Chicago as Cook County field director for John Anderson's 1980 independent presidential campaign. Meyer gained his first restaurant experience in 1984 as an assistant manager at Pesca, an Italian seafoo ...
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West Village
The West Village is a neighborhood in the western section of the larger Greenwich Village neighborhood of Lower Manhattan, New York City. The traditional boundaries of the West Village are the Hudson River to the west, 14th Street (Manhattan), West 14th Street to the north, Greenwich Avenue to the east, and Christopher Street to the south. Other popular definitions have extended the southern boundary as far south as Houston Street, and some use Seventh Avenue (Manhattan), Seventh Avenue or Sixth Avenue (Manhattan), Avenue of the Americas as the eastern boundary. The Far West Village extends from the Hudson River to Hudson Street (Manhattan), Hudson Street, between Gansevoort Street and Leroy Street. Neighboring communities include Chelsea, Manhattan, Chelsea to the north, the South Village and Hudson Square to the south, and the Washington Square neighborhood of Greenwich Village to the east. The West Village is part of Manhattan Community Board 2, Manhattan Community Distric ...
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Boston (magazine)
''Boston'' is a monthly magazine concerning life in the Greater Boston area and has been in publication since 1805. History and profile ''Boston'' magazine was started in 1805. Metrocorp, Inc. bought the magazine in 1970. The company also owns ''Philadelphia'' magazine. The magazine claims a publication of 500,000 issues per month, its percentage of newsstand copies sold is among the highest of any magazine of any kind in the United States, and it has been named among the best city magazines in the nation nine times in the last ten years by the City and Regional Magazine Association. Former editors-in-chief include Carly Carioli, John Wolfson and Andrew Putz. In May 2015 ''Boston'' magazine was awarded by the City and Regional Magazine Association. Best of Boston "Best of Boston" is an award given by ''Boston'' magazine in an annual issue which is "the definitive guide to the city’s finest". It was first awarded in 1974. This award is given in a wide range of categories tha ...
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New American Cuisine
New American cuisine, also known as Modern American cuisine or Contemporary American cuisine, is the wave of modernized cooking predominantly served at upscale fine dining restaurants in the United States, originating in the 1980s. New American cuisine is generally a type of fusion cuisine which assimilates flavors from the melting pot of traditional American cooking techniques mixed with foreign and sometimes molecular gastronomy components. There is often a focus on fresh, local, and seasonal farm-to-table ingredients. The movement was popularized in the 1990s by various celebrity chefs, including Wolfgang Puck, Jeremiah Tower, Alice Waters, and Jonathan Waxman. New American cuisine features innovative use of seasoning and sauces. Originally based on French, nouvelle, and traditional American cuisine, New American has since progressed to include elements of Mediterranean, Latin American, Asian, and other cuisines. See also *Fusion cuisine Fusion cuisine is cuisine tha ...
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Fast Casual Restaurants
A fast casual restaurant, found primarily in the United States and Canada, does not offer full table service, but advertises higher quality food than fast food restaurants, with fewer frozen or processed ingredients. It is an intermediate concept between fast food and casual dining. In Canada, it is also often referenced by a wordplay fast good or a francization haut-de-gamme (literally "top notch"). History The concept originated in the United States in the early 1990s, but did not become mainstream until the end of the 2000s and the beginning of the 2010s. During the economic recession that began in 2007, the category of fast casual dining saw increased sales to the 18–34-year-old demographic. Customers with limited discretionary spending for meals tend to choose fast casual for dining perceived as healthier. Definition The founder and publisher of FastCasual.com, Paul Barron, is credited with coining the term "fast-casual" in the late 1990s. Horatio Lonsdale-Hands, f ...
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