After an extremely successful first year in which they’ve managed to raise about $22,000 to local charities, Mission Street Food is starting a slightly more ambitious business venture and is looking for investors:
Here are some details regarding this proposition: We need about 100 investors at $500 apiece. If there is enough interest in this project, we will hire a lawyer to manage an escrow fund and accept contributions. Our tentative business plan projects a level of profitability that would make the annual dividend around $70 (14% return on investment). It also projects fundraising of $40,000 to $90,000 per year for charity. Investors can choose to hold their membership and redeem annual dividends or redeem the membership at any time for $1000 in gift certificates at the restaurant. If the restaurant does not open, investments would be returned in their entirety.
They promise the restaurant will be here in the Mission, which is good to know that they won’t take off for the Bayview like Yat’s. And just when the Saints make it to the Super Bowl too.
After an amazing weekend, Kevin Montgomery of Mission Mission Uptown Almanac posted the following list of things he hates about San Francisco during a moment of SF ecstasy, probably in Dolores Park.
But more substantial, Kevin took advantage of the nice weekend to do his own Mission photowalk, which you can see in all their 770px low-res iphone goodness here. Personal fave is the second photo, of a pile of cigarette butts which looks as if it could have been taken on my porch. Hey Kevin, have you been stalking my porch again!?
