One more round (at bar, not a VC) to fund startups
From: http://www.nnbw.com/ArticleRead.aspx?storyID=19290
A trio of local guys who own a group of bars and grills in Reno are creating a river of nickels that ultimately will give a boost to other entrepreneurs.
But the river of nickels could become a torrent, they say, with help from other businesses that want to spur the creation of new small businesses.
Michael Connolly, Chris Kahl and Zach Cage — owners of Legends Grill, Sports & Spirits in south Reno and the Sierra Tap House and the Ole Bridge Pub in downtown Reno — are pledging to donate 5 cents from every transaction in their establishments to the creation of a loan fund to help startups and expanding young businesses.
The nickel-per-transaction pledge will extend as well to the trio’s newest outpost, The Brewer’s Cabinet, scheduled to open soon on Arlington Street.
