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GoodTime Labs (Makers of Hiro Baby & Downtown) is a Palo Alto based startup that builds predictive commerce technology.http://www.forbes.com/sites/jjcolao/2014/06/18/what-does-the-future-of-retail-look-like-four-young-companies-provide-a-glimpse/http://techcrunch.com/2014/08/28/downtown-launches-mobile-payment-app-in-palo-alto/
Downtown is decentralizing the point of sale. Downtown leverages iBeacons technology to not only provide true mobile payments but also make it accessible to local business of all size.
The buisness model is not disclosed by the Company. It is possible that they charge restaurats a monthly fee for the service and an upfront ibeacoin purchase fees.
$3.3 M in 2015
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