PieShell

PieShell is a crowdfunding website for food and beverage start-ups. The company is based in New York City, USA, and was launched by Cheryl Clements in October 2016.[1]

PieShell
IndustryCrowdfunding (food and beverage)
Predecessorfundafeast
FoundedJuly 2015
FounderCheryl Clements
Headquarters
New York City
,
United States
Websitepieshell.com

After working as a senior project manager with SAP SE software, Clements identified an unmet need for early stage funding for food and beverage start-ups.[1][2][3] In 2014 she launched a food crowdfunding platform called fundafeast, which failed.[1]

In October 2016, Clements launched a new version, named "PieShell" as a tribute to her mother's pie business.[1] The site launched with four campaigns that included a hot dog truck and a ketchup product.[1] In mid-2017, PieShell was hosting around 30 campaigns.[1]

PieShell requires anyone wanting to launch a campaign on the site to first pledge to another active campaign; this is to foster a sense of community.[1] A campaign is initially hosted on a private page, and must raise 25% of its fundraising target from people with whom the people running the campaign have shared the link; once that milestone is reached, the campaign is made visible and open to the public.[1] People who give money can receive rewards from the campaign.[1]

The venture was financed in part by a GoFundMe campaign and initially operated out of a Spacious coworking space.[4][5] The site makes money by keeping 6% of the funds raised in a campaign.[2]

References
  1. Roberts, Nina (May 31, 2017). "PieShell Wants To Be The Crowdfunding Site For Food StartUps". Forbes. Retrieved August 5, 2017.
  2. Stern, Gary M. (November 21, 2016). "Crowdfunding site PieShell targets the food and beverage niche". New York Business Journal. Retrieved August 5, 2017.
  3. Cortese, Amy (February 27, 2017). "PieShell Helps Food Entrepreneurs Raise Funding, Step by Step". Locavesting. Retrieved August 5, 2017.
  4. Hagan, Shelly (April 3, 2017). "People Are Paying to Work From Bars and Restaurants". Bloomberg. Retrieved August 5, 2017.
  5. Mechling, Lauren (January 26, 2017). "Meet the Classpass of Coworking". Vogue. Retrieved August 5, 2017.


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