The next big tech happening is a chain of grilled cheese restaurants?
Jonathan Kaplan, who invented the popular Flip digital video camera, took his startup "The Melt" out of stealth mode while on stage today at this year's D gathering in Rancho Palos Verdes, California. His big news? Sequoia Capital, which in the past has backed Apple, Google and Oracle, has decided to fund the opening of 20 stores, where the sandwich will be sold, at a cost of $500,000 to $1 million per location. The grilled cheese is blessed by chef and restaurateur Michael Mina and will sell for around $5 each, or $8 in a combo.
But wait! This grilled cheese isn't just a sandwich; it's a technology platform. "We created a set of applications and mobile technology to allow you to order your Melt anywhere," Kaplan told a (probably!) rapt audience.
This is probably a good idea, dammit.