UP043: inKind // redesigning restaurant financing with House Accounts (feat. Kevin Tien of Himitsu and Hot Lola's)

Summary: Interview begins: 07:12 Insight begins: 57:53 Debrief begins: 1:05:28 Johann Moonesinghe is the co-founder and CEO of inKind. inKind has invented a new form of finance where they purchase a bulk amount of food and beverage credit up-front from a restaurant, and then sell it to guests over time. They purchase large dollar amounts of credit in the restaurants (average $100,000) for a discount and then sell the credit to consumers as large gift cards (average $750) with a bonus. inKind was founded in 2016 and based in Austin, Texas. Learn more about inKind: https://www.inkind.com/ // Kevin Tien is the Executive Chef at Himitsu in Washington, D.C., and Hot Lola’s in Arlington, VA. He was nominated as a Rising Star Chef of the Year by the James Beard Foundation, and has now used InKind to open two restaurants. Learn more about Himitsu: https://www.himitsudc.com/ Learn more about Hot Lola's: https://hotlolaschicken.com/ // This episode is sponsored by Taft, Stettinius & Hollister, a full-service law firm known for assisting entrepreneurs across the Heartland. Learn more about or get in touch with Taft: https://www.taftlaw.com/ Follow upside on Twitter: https://twitter.com/upsidefm