Archive - October 5, 2016

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Why Origin Invested in Tock

Why Origin Invested in Tock

The Start

In 2014, Nick Kokonas wrote a manifesto highlighting that if restaurants used tickets instead of free reservations, restaurants could dramatically reduce no-shows, optimize their supply chains, improve working capital, and eliminate staff answering the phones to take reservations. It made so much senseРthe world SHOULD work that way, but it does not. It prompted the question: why are consumers willing to buy a ticket for a performance but not for a restaurant? Are consumers willing to change this behavior?  Could Tock help restaurantsРnotoriously difficult businessesРdramatically improve operations and financial results? Read More

Copyright © 2014 Jason Heltzer