Evidence receipt / belief
Published · transcript-backedSpeaker unverified: belief
21 Apr 2026 Cheeky Pint The economics and trends of the restaurant industry, with Tony Xu of DoorDash
“Restaurants that have very limited seating and very long seatings, the opportunity cost for a cancellation is very high, versus a restaurant that may have infinite production capacity, if you will. So I think the implementation of the idea is what matters, but I think the idea itself makes a ton of sense.”
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- Speaker unverified
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- belief
- Recorded
- 21 Apr 2026
- Publisher
- Cheeky Pint
Transcript context
…Exactly, you put a little deposit down. Do you subscribe to that philosophy? Do you think it's maybe less relevant, they were really dealing with very high-end restaurants? Do you think it's less relevant for regular restaurants? I'm just curious what you think of that viewpoint that we're doing reservations all wrong, which was, I think, one of the founding insights of Tock. I think it makes a ton of sense. The implementation of the idea is what's difficult. Restaurants that have very limited seating and very long seatings, the opportunity cost for a cancellation is very high, versus a restaurant that may have infinite production capacity, if you will. So I think the implementation of the idea is what matters, but I think the idea itself makes a ton of sense. How do you, with reservations, plan to ensure that people aren't no-showing to restaurants?…
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