The new gold rush: Money floods into upstart restaurants

The new gold rush: Money floods into upstart restaurants

NRN outlines young concepts with early-stage investments

New York private equity firm Goode Partners invested in a little known Tex-Mex concept out of Austin called Chuy’s in 2006. Five years later, Wall Street investors welcomed the chain’s initial public offering with open arms.

Investors have been trying to recreate the success of that investment ever since, creating a gold rush in the restaurant industry as private equity groups and venture capital firms all pump money into young concepts seeking the next big thing.

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