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Beli ๐Ÿ˜‹

rethinking the Yelp review

setting the scene

  • your friends are in town, and you want to impress them with the perfect dinner reservation ๐Ÿง

  • you consult several sources, including:

    • Yelp reviews from self-important strangers

    • bloggers who review the top tourist spots

    • cluttered lists from friends

    • โ€œthe best restaurants near meโ€ Google search

  • this weekโ€™s company helps diners efficiently find the next place to eat by enabling users to discover, save, and review restaurants with friends ๐Ÿฝ

in a sentence

Beli is a social platform that enables diners to organize, discover, and share restaurants

  • organize: build lists and maps of places youโ€™ve been and rank restaurants

  • discover: bookmark restaurants for later, search by location or cuisines, and receive recommendations based on taste preferences

  • share: review your favorite places, see where friends are eating in a feed, and follow other users with similar taste preferences

bulleted version: Beli combines TikTokโ€™s personalized algorithm, Yelp reviews, and Google Maps lists to enable users to find, review, and save restaurants ๐Ÿคค

the basics

  • industry: consumer internet, foodtech, reviews and recs

  • headquarters: New York, NY ๐Ÿ—ฝ

  • year founded: 2020

  • company size: 4 FTEs ๐Ÿ’ผ

  • investors: friends and family

  • amount raised: not disclosed

  • business model: pre-revenue

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due diligence

what we like

  • ๐Ÿ’จ consumer tailwinds: as 94% of US diners consult reviews before dining and 77% prefer peer reviews, Beli provides a reliable and seamless way to explore restaurants with people they trust

  • ๐Ÿ” retention strategies: Beli engages and retains users through reservation notifications, a personalized profile with automated restaurant ratings and taste preferences, and competition through user rankings

  • ๐Ÿ“ˆ expansion opportunity: as Beli continues to build a loyal customer base in the restaurant industry, the company has the potential to expand to become the trusted social platform for all experiences

potential risks

  • ๐Ÿ’ฅ crowded market: several startups have tried to rethink how people discover restaurants, but most lose to well-funded recommendations sites, review platforms, social media giants, and influencers

  • ๐Ÿ’ฐ proving the business model: Beli must offer differentiated and valuable premium products to turn users into paying customers

    • plus, with no ads on the platform, Beli loses out on a massive revenue opportunity that many social media companies benefit from

  • ๐Ÿ‘ฉโ€๐Ÿณ b2c vs. b2restaurant: by offering a product for the restaurant goer, does the company miss an opportunity for a two-sided platform that rethinks how restaurants engage with reviewers?

founder profiles

comps

why Beli: with over 5m unique restaurant ratings and 500k+ followers across social channels, we are fully convinced that Beli will disrupt restaurant reviews and recommendations

bulletin board

  • ๐Ÿ—“ tomorrow: weโ€™re co-hosting the Tech Breakfast Club for 200+ founders, operators, and investors in NYC

    • itโ€™s not too late to sign up!

  • ๐Ÿ“ฐ headlines weโ€™re following: 

    • Cava, the Mediterranean restaurant chain, confidentially filed for an IPO

      • go rank your local Cava on Beli

    • the remainder of Barstool Sports was acquired by Penn Entertainment for $333m

    • check out how Instagram is following Twitterโ€™s pay-to-play verification feature

what do you think of Beli?

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