Investing in a new restaurant concept probably sounds like something only rich people do, but we’re living in the golden age of crowdfunding, so we can all get in on the ground floor of something big. Eight years ago, the founders of Peli Peli teamed up to bring South African fusion cuisine to Houston. From their initial start in Vintage Park, the team of Executive Chef Paul Friedman, Michael Tran, and Thomas Nguyen have now expanded to three locations throughout the metro area. Both Tran (BS ’99) and Nguyen (BA ’98, JD ’01) are UT Austin grads, so when it came time to expand beyond their home in Houston, they set their sights on ATX.
Plans are for Peli Peli Austin to take over a space in the downtown 2nd Street District and open its doors in September of 2017. The team now has an active expansion campaign on the NextSeed platform where the community can uncover more specifics on the business, team members, and follow up on updates about the restaurant.
To fuel its growth, Peli Peli had resounding success with a campaign in May 2016, raising $358,000 for its Houston Galleria location on NextSeed’s platform in Texas. The funds allowed the restaurant group to increase its working capital and invest in its infrastructure. In just eleven months, the team paid their investors back—well ahead of schedule—returning $409,513 to the members who invested.
Currently, Peli Peli Austin is one of several live campaigns on NextSeed, which means anyone can choose to become an investor.
Since its launch in 2015, NextSeed has facilitated over $4 million in crowdfunded investments in restaurants, bars, and other local businesses in Texas and around the U.S. using state and federal crowdfunding rules. For as little as $100, investors can invest in a project or concept that they feel passionate about—supporting local by investing local.
NextSeed provides the investor with an overview of each campaign, a detailed description of the business model and leadership team, market analysis, all of the investment details, and the opportunity to ask questions in a virtual community forum.
NextSeed was the first SEC-registered regulation crowdfunding platform in the country and is now operating from coast to coast.
To learn more about opportunities like Peli Peli, all the active as well as fully funded campaigns nationwide, visit NextSeed.
Any views expressed in this article reflect the personal views of the author only for discussion purposes and should not be viewed as investment advice or recommendation, and does not constitute any legal or tax advice with respect to any securities. Rendering of Peli Peli Austin dining room. Courtesy of NextSeed Rendering of Poitin interior. Courtesy of NextSeed Rendering of Poitin interior bar area. Courtesy of NextSeed.