Cafe Serendipity Holdings Inc. (CAFS)

[amadeus]

with startups, things are often

a little bit different.
revenue and profitability aren't even an issue
until the business model has a chance to be tested.
first you raise capital, then build and test it.

people simply speculate on concept, and take their chances
in the beginning. In fact, the first investors in facebook
bought in at a sub penny. think these guys were sitting around
wondering about revenue? they didn't make a dime for years.
http://www.forbes.com/sites/kerryadolan/2012/05/03/these-billionaires-are-selling-shares-in-the-facebook-ipo/

The founder and CEO of online gaming company Zynga was an early investor in Facebook in 2004, alongside his friend Reid Hoffman. Both men put $40,000 into the company, according to David Kirkpatrick’s book The Facebook Effect. Pincus is selling 1.01 million shares—about one fifth of his stake in the company, which would bring him $35 million (pre tax) if the shares go at the top of the range. Pincus will still hold on to 4.3 million shares, worth $150 million with shares at $35.

could show you 1,000 examples
but here is another one, with an unproven model,
raising capital.

http://www.theverge.com/2013/10/3/4792166/twitter-ipo-initial-public-offering

Twitter files for $1 billion IPO, but still isn't profitable
As TWTR, the company looks to raise $1 billion on the public markets