This business automates restaurants’ back-of-house

7 May 2024 · 1 min

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1:00

In a rapid 60‑second pitch, the founder of Burnt presents a SaaS platform that cleans restaurant data and automates back‑of‑house operations—from inventory management to supplier payments. The pitch outlines the core problem of thin restaurant margins and outdated processes, explains the subscription‑based revenue model, and projects $750K ARR by year‑end. The founder highlights the addition of a highly capable CTO, Chandru, as a key technical advantage. The investor, Sahil, responds positively, giving a "go" and expressing interest in meeting the CTO, indicating confidence that Burnt addresses a need‑to‑have market rather than a nice‑to‑have.

Chapters

This founder is trying to convince this world-class investor to take a follow-up meeting and invest $100,000. You have 60 seconds. You ready to do this? Let's get Burnt. What's the name of your business? It's called Burnt. What is your business in one sentence? We help restaurants to use their data to clean it and automate their back of house, which is everything from inventory all the way to paying their suppliers. What is the problem you're solving? Restaurants have terrible margins, and on top of that, they have antiquated processes when it comes to back of house. How do you make money? We are a SaaS business, so we charge monthly subscription to restaurants. How much will you do in revenue this year? We'll do about $750K in ARR by the end of the year. What's your best oh shit moment? Meeting our 3rd co-founder, CTO Chandru. He's one of those 10x engineers who has never said no to anything and always blows my mind every single time he comes up with a solution. 80% of startups fail. Why is yours not going to? We're building a need-to-have for the industry in an industry filled with nice-to-haves. Sahil, it is time. Is this a go or a no-go for you? This is a go. I agree. It's a need-to-have. It's— saving money is always a great business to invest in. I'd love to learn more and meet Chan.