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Nick Kokonas of Tock & Alinea, flipping the low-margin restaurant model | E1262
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- เผยแพร่เมื่อ 18 ส.ค. 2024
- Subscribe to This Week in Startups on Apple: rb.gy/v19fcp
00:00 Nick Kokonas, CEO at Tock (acq. Squarespace) & Co-Owner of Alinea Restaurant Group
00:54 How Nick got into restaurants & met his co-founder Grant Achatz
09:30 Nick’s Angel investments
10:50 Ourcrowd - Check out the deal of the week at ourcrowd.com/t...
12:14 What OpenTable got wrong
18:05 Tock’s ticketing innovation
23:20 Benefits of having pre-paid reservations
25:00 Pipe - Start trading for free for 12 months at pipe.com/twist
26:40 Dynamic pricing in restaurants
28:55 Nick critiques Jason’s techniques to get a reservation
35:32 Why some Maître d's hate Tock
38:22 Drata - Get 15% off SOC 2 and other audit at drata.com/twist
39:41 Digital checkouts at restaurant tables
44:50 Why tipping should be eliminated & what obstacles stand in the way
50:54 Will high-end restaurants keep doing delivery?
56:16 Hospitality labor supply
1:00:27 Inflation
1:02:42 How Alinea is handling vaccinations & employee health
1:07:18 Alinea's signature desert
1:12:10 Nick's core lessons as an entrepreneur
1:20:45 Mock meats
Check out Tock: www.exploretoc...
FOLLOW Jason: linktr.ee/cala...
FOLLOW Nick: / nickkokonas
Thanks to our partners:
Ourcrowd - Check out the deal of the week at ourcrowd.com/t...
Pipe - Start trading for free for 12 months at pipe.com/twist
Drata - Get 15% off SOC 2 and other audit at drata.com/twist
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#startups #entrepreneurship #investing #angelinvesting #tech #news #business
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hope y'all are ready for some hot dog talk
I’m eating this interview up
;)
This guy was great, definitely have him back!
Yes we will!
Was so surprised how intriguing / amazing this interview was. Brilliant guest and Jason amazing as always. Loved hearing about this industry and both your experiences
Thank you Jake and thanks for being a subscriber!
Digging this.
That was an awesome interview.
thanks! any other recent interviews you've enjoyed?
Fun & informative segment - thanks! Please post the korean pork bowl recipe you said you would post in notes. Thanks!!
Y'all are masterful at hints and feints. Good episode.
thanks for listening!
Great guest. I had to look up the restaurant on YT. Super interesting.
glad you enjoyed it! we're going to have nick on once per year going forward. which other guests were so good that we should have them on a recurring basis?
@@startups LOL, there are soo many great guest on this show. Very hard to pick someone.
This was a great interview 👏🏾
Love Jason!!!! 🐐
How many ppl actually use Tock vs OpenTable? How many restaurants are actually on Tock vs OpenTable?
Great interview.
Thanks for watching!
@@startups You're welcome! I also have your book on angel investing. Fantastic!:)
great guest
Salivating...Chicago dogs...
Dynamic pricing for restaurants, eh?
Jason, the next level after Tsukemen is called Abura Soba.
Goes to show even a little skin in the game matters.
All kinds of behavior would change with even 10% exposure to the potential loss that a choice could lead too.
For example, if you told people there was a $4573 penalty for developing diabetes, quite a few people would change their behavior. The real cost to a health insurance plan is actually much higher.
Would be interesting to see how to align incentives long-term, super hard in insurance
@@startups the incentives WERE aligned before the IRS stopped taxing benefits and Reagan forced hospitals to take all patients.
I understand not wanting the full cost of devastating illness to fall on a family, but there still needs to be some incentives.
Frankly, the current system is a disaster of distortions and Obamacare made some things and kept a lot of things that weren’t working.
I like how Singapore does it myself. They force people to save for medical and retirement. But you can also use it for a down payment on a home.
There's no N in restaurateur!
the pickle and hot peppers make the chicago dog as well