Crushed Red lands equity investment
Just six months after opening their first Crushed Red restaurant in 2012, in a St. Louis suburb, Chris LaRocca and Powell Kalish got a call just about any startup entrepreneur would want: From an investor, eager to write a check.
However, they turned it down.
“It was every restaurateur’s dream for somebody to come and offer to write you a big check,” LaRocca said. “We finished the meeting and we said, ‘This is tempting, but we’re not ready. This is probably not the right partner.’”
Four years later, they believe they have found the right partners in Dave Peacock, a