A founder who has created a name for themselves to help the restaurants better connect to the dinner has a name for the last start of Million for its latest starting: the concept of obedience to customer is a new acceptance.
Blackbird Labs have created a payment-Mits-Lielets-Milts-Blockchen platform for restaurants to increase the repetition business and while some abrasion surrounding the transaction. Now, as well as working with about a thousand restaurants, CEO Ben Leventhol said that this money was planned to use the money to launch its new product, which is a cross-restaurant “points” service calling it to the Blackbird Club, as well as in New York (its homebus), San Francisco and South Carolina’s extension.
(Charleston, are you asking?
The new investor Spark Capital is leading the latest round, with the participation of Cainbes Ventures, Amex Ventures and Andresen Harovits, three investors who supported Blackbird in his $ 20 million series in 2021. Not being published in the assessment but for reference, Pitchbook note The startup price was about $ 124 million in the last round. Startup has collected $ 85 million from today.
Coinbase and Amex are the strategic names of that list.
Amex RC acquired, a reservation platform that was established earlier in the Levantal. Levental says, “Two companies – Racey and Blackbird – are not integrating now but” we will say it is equitable. ” Established in the third restaurant startup level, food blog Eater was also achieved: it is now part of Vox. There is no plan on how and if there is a partner.
এদিকে, ব্ল্যাকবার্ড তার ফ্লাইনেট পেমেন্ট পরিষেবাটিকে কয়েনবেসের উপর নির্মিত একটি স্তর-তিনটি লেনদেন প্রোটোকল হিসাবে বর্ণনা করেছে BaseThe Dinner can use it to release loyalty points while viewing the food on the table through the blackbird app.
It is to be asked whether the blockchain has a lot of other loyalty programs in the market built on a more conventional financial structure, whether the blockchain was strictly a necessary part of the mixture.
“I don’t think it’s necessarily ‘to make’ blockchain, ‘” he said. “Visa network, less, was made using the same principles that we were using for the fly, and obviously they don’t have blockchain.” But he also mentioned “There are a few things that we believe that there will be important opportunities over time and those opportunities will be based on being in the chain.” These include how blackbirds and restaurants contain customer profiles and activities, he said. “Customers will be able to continue to own that profile.” This is related to how Blackbird imagine his fiance with restaurants, he said: Each restaurant customer will finally be a Blackbird shareholder.
You may think that the consumer-facing side of the restaurant business with two startups was dedicated to the level that the level could fill its business. It turns out that he is still more hungry.
Ownership of restaurants has long been a challenging initiative, but the economy and changing consumers’ habits, especially in the past few years, have thrown a lot of restaurants in the world. Levental images quote that notes that the average profitability of restaurants nowadays is below 5%, compared to about 20% in the early decade. Platforms like Instagram and Tikatok have turned the world into an armchair food, who produce their troops in the latest and cool cafes, they are doing this during a period of rapid reduced margins and higher prices.
“The popularity of the restaurant and the love of consumers towards restaurants is in the severity and in the end the profitability of the art is disconnected,” he said.
That conflict is definitely the opportunity for startup thinking.
“The restaurant industry is composed of millions of local, smaller business owners around the world, with the grave of the tech platforms that can make a greater charge, and often growing, the percentage of a restaurant’s margin,” he believes that it is especially where blockchain can take a role: improving that margin structure. “Ben’s outlook is for a network that restaurants and dinners themselves are owned by themselves, it is a thing that simply enables blockchains,” “Blackbird today is already saving 3-4% on its restaurant customers.