Never invest in an New York City restaurant
If you live in New York City long enough, you will be asked at some point to do three things: sponsor a table at a vanity fund-raiser, become a “producer” of a Broadway play, and invest in a restaurant... there is a great essay by Gary Cernovitz in The New Yorker entitled "The Thrill of Losing Money by Investing in a Manhattan Restaurant" (see The Blurb), and in it Cernovitz lays out the brutality of the business.
Read the essay. It's quite good. For angel investors in tech, do you see any parallels?
Comments / thoughts very welcome!
P.S.
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STOPGreat post and I wish steemit had a sticky or pin option because this is one of those special posts. ??
OK, thanks for the upvote :)