We’re joined by Tock CEO Nick Kokonas to discuss how they’re “arming the restaurateur rebels” versus DoorDash / Uber Eats, in much the same way Shopify has done so for e-commerce merchants versus Amazon. This episode is full of lessons on how to execute a counter-positioning playbook to disrupt entrenched incumbents, including the influence of Nick’s friend / Tock investor and Nobel prize-winning economist Richard Thaler. Whether you’re an entrepreneur who’s also building a “picks & shovels” type business or an investor interested in the future of the food industry or disruption in general, this is not one to miss.
See Ben's original Tweet that spurred the episode here: https://twitter.com/gilbert/status/1277740701246083072
There are lots of great replies to help understand the restaurant tech ecosystem, and of course, Nick chimed in with a tweet that led to him coming on the show. (Thanks to Matt Shobe for connecting us!) You can read distilled observations from all the replies here.
“Even if you’re long on Tesla, don’t buy Tesla Options.” – Nick Kokonas (Instagram: @nkokonas, Twitter: @NickKokonas)
Sponsors:
Be sure to follow the Acquired Podcast:
Acquired.fm
@AcquiredFM
Show Links:
Tuesday is Not Saturday
Tim Ferriss Interview w/ Nick:
VCs Congratulating Themselves
Kindergarten Ventures’ Vanta investment, and building a new Strategy for Venture (with Thomas McGannon)
Reinsurance, Climate + Kindergarten Ventures (with Nat Manning)
The 2022 State of Crypto + Web3 with Solana's Austin Federa
Dissecting ProfitWell's Acquisition (with Patrick Campbell)
David Interviewed on "Unlimited Partners"
Travel for the Creator Economy
Reverse Interview: Ben and David at Vanta
Composer (with CEO Benjamin Rollert)
TradFi vs. Crypto, Explaining BNPL, and What's Next in Fintech (with Bain Capital Ventures' Christina Melas-Kyriazi)
Ben and David on "Capital Allocators"
10-K Diver: Building a Top Fintwit Account and Teaching Finance Principles to Everyone (Pseudonymously!)
NZS Capital Part II: What’s Going on in Today’s Markets? (Plus more Semiconductors!)
Race Capital, Crypto Investing, and FTX + Solana’s Early Days
Italic & a New Era of Online Retail
2021 Recap: Acquired x Not Boring x The Generalist
Mission-Driven Founders, Global Investing, and Canva (with Wesley Chan)
Blue Origin and the 2021 Space Landscape (with Rob Meyerson)
Ben and David on "This Week in Startups" Holiday Special
Joseph Gordon-Levitt: A Fireside Chat
Update on Dad Life, MacBook Pros, and Acquired Video
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Organic Marketing Simplified: Effective podcasting strategy for growth and monetization
THE GO BIZ GUY
The Sigma Femme Podcast
The Prof G Pod with Scott Galloway
The Money Mondays