Here's our takeaway on investing in a new restaurant: what a fantastic, thrilling way to lose a lot of money! Potential investors, please meet your poster boy, chef Christian Delouvrier, who says of the failure of his Meatpacking District restaurant Terre?which burned through $1.5 million without ever opening?"Having my name on the door would have been great, but I'm just as glad it failed before it actually opened." (Mr. Delouvrier awaits your entreaties at Alain Ducasse. Please phone ahead.)
· The Guy at the Next Table Might Own It [NYTimes]
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