I’ve already mentioned how I hate having to order at restaurants using QR codes in general and Toast Tab in particular. Today I found out yet another reason to hate Toast Tab: Al Gore is an investor.
Toast, the all-in-one restaurant technology platform and one of the fastest-growing technology companies in the U.S., today announced an additional $101 million in financing led by new investors Generation Investment Management and Lead Edge Capital.
Snip.
ABOUT GENERATION
Generation Investment Management LLP is dedicated to long-term investing, integrated sustainability research, and client alignment. It is an independent, private, owner-managed partnership established in 2004 and headquartered in London, with approximately $17 billion in assets under management. Its Chairman is former Vice President of the United States Al Gore and its senior partner is David Blood. Generation Investment Management LLP is authorized and regulated in the United Kingdom by the Financial Conduct Authority.
Funny how an ex-American Vice President feels a need to run an investment company out of London.
Also infuriating: Toast currently has a market cap of over $10 billion, despite the fact that it’s still losing money…
I’m sure at the end of the day Al will make a lot of money, and everyone else will get screwed
Gore is unlikely to have much of a role at the company, he is likely an honorary chairman, and if he is actually on the board it is very doubtful he is an executive chairman.
Pingback: In The Mailbox: 02.17.23 (Evening Edition) : The Other McCain