Dinner Lab Introduces New Approach to Fundraising

This post originally appeared on graffagninilaw.com.

New Orleans-based writer Adriana Lopez featured Graffagnini, L.C. client Dinner Lab, a unique consumer dining experience that brings together up and coming chefs with member dinners, in a Forbes.com article that came out today (December 1). The company will now offer investment opportunities to members and more through a Private Placement offering as part of the JOBS Act (Jumpstart Our Business Startups Acts).

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Lopez writes, “Dinner Lab has been one of those rare startups that has seen unprecedented success after following a rather unconventional business model. Continuing with that trend, the young company is now taking another alternative route in seeking funding, and pioneering the financing landscape with a new private placement offering.”

“This allows Dinner Lab to sell shares to its members, whether they have a personal pre-existing relationship with the individuals or not, without becoming a publicly traded company,” Lopez explains in the article.

Dinner Lab sent a message to members to gauge interest, received 1,500 responses, and determined that about half meet the requirements to be accredited investors.

Click here to read the full article.