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Old Jun 7, 2004 | 7:35 pm
  #5  
gardener
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Join Date: Sep 2001
Location: Philadelphia, PA, USA
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Another thought - if the restaurant gives up $20K of revenue, and the diners earn a 20% cut of that = $4K (assuming 20% cash back or 2 cpm and 10 miles/$), iDine is getting 60% interest on the loan ($6K/$10K). Pretty good if they get paid back in a year to 18 months - those are VC type returns. OTOH if it takes 3 years not so great for iDine.
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