Companies · Restaurants

43 West 24th St. Rest., LLC

NEW YORK CITY · Restaurants

Diligence memoA one-page analyst read on 43 West 24th St. Rest., LLC — recommendation, valuation, rhythm, risks.
$3.3M
Total raised · real
2
Rounds
0.5×
Latest step-up
Top 21%
Sector rank · raised
Seed
Latest stage · inferred · Wed Dec 23 2009 00:00:00 GMT+0000 (Coordinated Universal Time)

43 West 24th St. Rest., LLC looks under-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.

Under-valued
  • Modeled value is 0.57× the median modeled value of Seed Restaurants companies in 2007–2009 (21 peers) — value vs value, same stage and era.
Dormant
  • Last raise 16.5 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

43 West 24th St. Rest., 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
18.1 yr record
Peak capital year was 2008 with $2.3M across 1 filings.
Market position
ahead of 80% of Restaurants peers
Capital scale is ahead of 80% of Restaurants peers; modeled value is above 60% 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
Consistent
Canonical totals and visible filing detail are broadly aligned.
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 2008: $2.3M across 1 filings.
  • Largest single filing was $2.3M on 2008-06-05.
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.
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

43 West 24th St. Rest., LLC is one of 2292 Restaurants companies tracked from NEW YORK CITY. By capital raised it ranks in the upper tier (ahead of 80% 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$2.5M$5.0M$7.5M$10MSeed · 2008-06-05 Raised $2.3M (real) Modeled valuation $8.0M (est)$2.3M$8.0MSeed2008Seed · 2009-12-23 Raised $1.1M (real) Modeled valuation $3.7M (est)$1.1M$3.7MSeed2009+$1.1MCumulative $3.3M

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
Seed$2.3M · 2008
Seed extension$1.1M · 2009

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$3.7M
Base estimate est.
$794K
Conservative case
$29.0M
Upside case
$5.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the restaurants sector profile. Directional, not a quoted figure.

Seed · modeled $8.0M · 2008-06-052008Seed · modeled $3.7M · 2009-12-232009
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
34%
Survival probability
15% low · 52% high
1.13×/yr
Annual markup
1.48×/yr upside case
6.0 yr
Elapsed time used
16.5 yr actual, capped for stale marks
restaurants
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$2.2M/yr
Capital velocity
18.1 yr
On record since
2008
First round
2
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) 3.7× above median
This company$3.3M
Sector median$900K
Latest round — vs other Seed rounds in sector (real $, this stage) 0.6× of median
This company$1.1M
Sector median$1.8M
Modeled value — vs sector median (estimate, all stages) 1.4× above median
This company$3.7M
Sector median$2.6M

Raised more than 80% of sector peers (real $). Modeled value above 60% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #19 of 21.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Sutol Associates LLC · Seed Raised $3.3M · modeled $11.5M (est)Habit Restaurants LLC · Seed Raised $3.0M · modeled $10.5M (est)Las Vegas Pizza LLC · Seed Raised $2.7M · modeled $9.6M (est)Susan Feniger's Street, LLC · Seed Raised $2.4M · modeled $8.3M (est)Straits Houston City Center, LLC · Seed Raised $2.2M · modeled $7.8M (est)Smoky Market Foods Inc · Seed Raised $2.2M · modeled $7.6M (est)7th & C Investments, LLC · Seed Raised $2.1M · modeled $7.4M (est)Cw Investors, Llc · Seed Raised $2.0M · modeled $7.0M (est)Tfg Restaurant Enterprises Inc · Seed Raised $2.0M · modeled $6.9M (est)Eastlake Tavern & Bowl, LLC · Seed Raised $1.9M · modeled $6.6M (est)Muy Mucho Group LP · Seed Raised $1.8M · modeled $6.5M (est)Then There Was One, L.L.C. · Seed Raised $1.7M · modeled $6.1M (est)43 West 24th St. Rest., LLC (this company) Raised $3.3M · modeled $3.7M (est)43 West 24th St. Rest., LLC
CompanyStageRaised · realValue · estvs peer med.
Sutol Associates LLCSeed$3.3M$11.5M1.78×
Habit Restaurants LLCSeed$3.0M$10.5M1.63×
Las Vegas Pizza LLCSeed$2.7M$9.6M1.48×
Susan Feniger's Street, LLCSeed$2.4M$8.3M1.28×
Straits Houston City Center, LLCSeed$2.2M$7.8M1.21×
Smoky Market Foods IncSeed$2.2M$7.6M1.17×
7th & C Investments, LLCSeed$2.1M$7.4M1.14×
Cw Investors, LlcSeed$2.0M$7.0M1.09×
Tfg Restaurant Enterprises IncSeed$2.0M$6.9M1.07×
Eastlake Tavern & Bowl, LLCSeed$1.9M$6.6M1.02×
Muy Mucho Group LPSeed$1.8M$6.5M1.00×
Then There Was One, L.L.C.Seed$1.7M$6.1M0.94×
43 West 24th St. Rest., LLC this companySeed$3.3M$3.7M0.57×
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.
Seed$2.3M2008-06-05$11.4M$8.0M90%
Seed$1.1M2009-12-23$5.3M$3.7M90%
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. Seed$2.3M2008-06-05
    • First recorded raise — entered as Seed.
  2. Seed$1.1M2009-12-23
    • Raised 19 mo later, in step with the ~13 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
Intelligence
2011 ~Q3
Modeled next raise · ~19mo cadence
$1.1M
Modeled next size est.range $1.1M$1.7M
0.5×
Last step-up
$2.2M/yr
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
Brett Hickey2008-06
Stephane Bibeau2008-06
Registry & provenance

43 West 24th St. Rest., 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
1475747
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
Boda Group LPRestaurantsSeed$3.4M$4.0Msame sector · same stage
Soar Hospitality Group, LlcRestaurantsSeed$3.2M$2.8Msame sector · same stage
Farmbird Restaurant Group, LLCRestaurantsSeed$2.9M$3.2Msame sector · same stage
Launderette Cafe LLCRestaurantsSeed$2.8M$4.1Msame sector · same stage
Triple Tap Alamo Houston LLCRestaurantsSeed$4.0M$3.5Msame sector · same stage
Wintzell's I-65, LLCRestaurantsSeed$2.8M$4.6Msame sector · same stage
Swizzles, LLCRestaurantsSeed$2.7M$3.4Msame sector · same stage
Bottleneck Oakbrook, LLCRestaurantsSeed$2.6M$4.4Msame sector · same stage
Frequently asked
How much funding has 43 West 24th St. Rest., LLC raised?
43 West 24th St. Rest., LLC has raised approximately $3.3M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is 43 West 24th St. Rest., LLC's estimated valuation?
Provath's modeled valuation for 43 West 24th St. Rest., LLC is approximately $3.7M (modeled range $794K–$29.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is 43 West 24th St. Rest., LLC at?
43 West 24th St. Rest., LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Dec 23.
What does 43 West 24th St. Rest., LLC do and where is it based?
43 West 24th St. Rest., LLC operates in the Restaurants sector, based in NEW YORK CITY.
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