Here’s Why Sequoia Thinks Melt Is Worth Millions: The D9 Demo (Video)
In the fall of 2008, Sequoia Capital declared “RIP: Good Times” and told entrepreneurs to batten down the hatches because it was now going to be next to impossible to get venture money.
Flash forward to present tense: Sequoia is now putting millions into The Melt, a new grilled cheese shop chain from former Flip CEO Jonathan Kaplan. Kaplan demoed the concept — and talked a bit about the demise of his last company after it was acquired by Cisco — earlier this month at the D9 conference.