Companies · Restaurants

408 W15 Members LLC

NEW YORK · Restaurants

Diligence memoA one-page analyst read on 408 W15 Members LLC — recommendation, valuation, rhythm, risks.
$1.2M
Total raised · real
2
Rounds
1.2×
Latest step-up
Top 42%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Wed Dec 14 2011 00:00:00 GMT+0000 (Coordinated Universal Time)

408 W15 Members LLC looks over-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the restaurants sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.91× the median modeled value of Pre-Seed Restaurants companies in 2010–2012 (184 peers) — value vs value, same stage and era.
Dormant
  • Last raise 14.5 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

408 W15 Members LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
14.6 yr record
Peak capital year was 2011 with $1.9M across 3 filings.
Market position
ahead of 59% of Restaurants peers
Capital scale is ahead of 59% of Restaurants peers; modeled value is above 53% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2011: $1.9M across 3 filings.
  • Largest single filing was $670K on 2011-12-14.
  • Filing rows sum to $1.9M, while canonical raised total is $1.2M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Restaurants

408 W15 Members LLC is one of 2292 Restaurants companies tracked from NEW YORK. By capital raised it ranks mid-pack (ahead of 59% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3M$2.5M$3.8M$5.0MPre-Seed · 2011-12-14 Raised $670K (real) Modeled valuation $2.9M (est)$670K$2.9MPre-Seed2011Pre-Seed · 2011-12-14 Raised $560K (real) Modeled valuation $2.4M (est)$560K$2.4MPre-Seed2011Pre-Seed · 2011-12-14 Raised $670K (real) Modeled valuation $2.9M (est)$670K$2.9MPre-Seed2011+$560K+$670KCumulative $1.9M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$670K · 2011
Pre-Seed extension$560K · 2011
Pre-Seed extension$670K · 2011

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$2.9M
Base estimate est.
$375K
Conservative case
$33.2M
Upside case
$3.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the restaurants sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $2.9M · 2011-12-142011Pre-Seed · modeled $2.4M · 2011-12-14Pre-Seed · modeled $2.9M · 2011-12-142011
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
25%
Survival probability
10% low · 46% high
1.21×/yr
Annual markup
1.64×/yr upside case
6.0 yr
Elapsed time used
14.6 yr actual, capped for stale marks
restaurants
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
14.6 yr
On record since
2011
First round
3
Rounds on file
How it compares to the market

Benchmarked against 2292 companies in Restaurants. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 1.4× above median
This company$1.2M
Sector median$900K
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.9× above median
This company$670K
Sector median$360K
Modeled value — vs sector median (estimate, all stages) 1.1× above median
This company$2.9M
Sector median$2.6M

Raised more than 59% of sector peers (real $). Modeled value above 53% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #36 of 184.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Eighty Five 75 LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)McGrath's Publick Fish House, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Bethesda Blues & Jazz, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Bethesda Blues, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)La Corsha Restaurant Partners, Ltd. · Pre-Seed Raised $1.0M · modeled $4.4M (est)La Mesa Eats, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Grillmarx, L.L.C. · Pre-Seed Raised $1.0M · modeled $4.4M (est)Rojo Edina, Llc · Pre-Seed Raised $1.0M · modeled $4.4M (est)Capital Food Group, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)New Aquavit Holdings LLC · Pre-Seed Raised $990K · modeled $4.3M (est)Texas Roadhouse of Menifee, CA, LLC · Pre-Seed Raised $963K · modeled $4.2M (est)Evos Holdings, Llc · Pre-Seed Raised $950K · modeled $4.2M (est)408 W15 Members LLC (this company) Raised $1.2M · modeled $2.9M (est)408 W15 Members LLC
CompanyStageRaised · realValue · estvs peer med.
Eighty Five 75 LLCPre-Seed$1.0M$4.4M2.86×
McGrath's Publick Fish House, LLCPre-Seed$1.0M$4.4M2.86×
Bethesda Blues & Jazz, LLCPre-Seed$1.0M$4.4M2.86×
Bethesda Blues, LLCPre-Seed$1.0M$4.4M2.86×
La Corsha Restaurant Partners, Ltd.Pre-Seed$1.0M$4.4M2.86×
La Mesa Eats, LLCPre-Seed$1.0M$4.4M2.86×
Grillmarx, L.L.C.Pre-Seed$1.0M$4.4M2.86×
Rojo Edina, LlcPre-Seed$1.0M$4.4M2.86×
Capital Food Group, LLCPre-Seed$1.0M$4.4M2.86×
New Aquavit Holdings LLCPre-Seed$990K$4.3M2.83×
Texas Roadhouse of Menifee, CA, LLCPre-Seed$963K$4.2M2.75×
Evos Holdings, LlcPre-Seed$950K$4.2M2.71×
408 W15 Members LLC this companyPre-Seed$1.2M$2.9M1.91×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$670K2011-12-14$3.7M$2.9M90%
Pre-Seed$560K2011-12-14$3.1M$2.4M90%
Pre-Seed$670K2011-12-14$3.7M$2.9M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$670K2011-12-14
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$560K2011-12-14
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  3. Pre-Seed$670K2011-12-14
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
Intelligence
Modeled next raise
$802K
Modeled next size est.range $670K$1.3M
1.2×
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Gregory Struck3 other2011-12
Eric Marx2011-12
Lisle Richard2011-12
Registry & provenance

408 W15 Members LLC is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1539191
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Left Dimple Brands LlcRestaurantsPre-Seed$1.8M$1.4Mnetwork1 shared operator · same sector · same stage
Nourish, LLCRestaurantsPre-Seed$1.2M$2.6Msame sector · same stage
POLLYANNA BREWING CoRestaurantsPre-Seed$1.1M$2.7Msame sector · same stage
Falafel, Inc.RestaurantsPre-Seed$1.4M$2.9Msame sector · same stage
B & B Butchers - Fw, Ltd.RestaurantsPre-Seed$1.0M$3.1Msame sector · same stage
Doc Burnstein's Ice Cream Lab, Inc.RestaurantsPre-Seed$1.5M$2.1Msame sector · same stage
Bird Dog Pizza, LLCRestaurantsPre-Seed$1.5M$2.2Msame sector · same stage
Bottle Theory, LlcRestaurantsPre-Seed$1.0M$3.1Msame sector · same stage
Frequently asked
How much funding has 408 W15 Members LLC raised?
408 W15 Members LLC has raised approximately $1.2M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is 408 W15 Members LLC's estimated valuation?
Provath's modeled valuation for 408 W15 Members LLC is approximately $2.9M (modeled range $375K–$33.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is 408 W15 Members LLC at?
408 W15 Members LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Wed Dec 14.
What does 408 W15 Members LLC do and where is it based?
408 W15 Members LLC operates in the Restaurants sector, based in NEW YORK.
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