Gastronome Ventures was conceived eight years ago when a significant funding gap existed in the food and beverage space. With the recent flood of short-term, venture capital entering the category1, 2, 3, the opportunity for arbitrage has passed. VC’s abysmal track record4, coupled with corporate VCs investing at earlier stages5, 6,makes potential returns and future exit environment extremely uncertain.

Food and beverage markets are vitally important (beyond just financial gains) and warrant responsible investing. Thus, we can no longer consciously invest under a VC model. Instead, we are promoting an alternative structure that aligns patient, long-term capital and operational resources with early-stage brands and founders.

Keep an eye on LinkedIn for upcoming announcements.

Onward and upward,

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Douglas Raggio
Managing Director