4.4 • 1.3K Ratings
🗓️ 21 May 2020
⏱️ 49 minutes
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0:00.0 | Today on this week in startups we haven't asked me anything featuring Slice |
0:05.6 | founder and CEO Ileer Cela. This AMA was recorded live in our Twist Slack channel to participate in weekly AMAs |
0:15.6 | and discuss all aspects of startup life with Jason and our community of |
0:20.7 | 30,000 founders join us at this week in startups.com slash |
0:27.1 | slack. This episode is brought to you ad free thanks to our, Clavio and Dell. |
0:34.0 | Thank you everyone for sharing all these amazing questions and what I'll do is just kind of start at the top and work our way down and hopefully I can be helpful to all of you and |
0:48.6 | there's a ton of entrepreneurs here which is awesome and yeah just even beyond this point for anyone that wants to |
0:57.5 | continue to ask follow-on questions feel free to reach out in the slack way we go. |
1:05.0 | I'm gonna start off with a question from Nick and I'll read it out here which is |
1:10.0 | you mentioned Slice being a platform to provide the technology and buying power of scaled companies to small business pizza restaurants. |
1:20.0 | Do you think that mom and pop stores in other industries like retail or services could use a similar platform? |
1:30.0 | Or is this type of structure specifically fitted for the economics of the pizza industry? |
1:37.0 | It's a great question. |
1:41.8 | If I could zoom out, I actually am a strong believer in vertical platforms, vertical integration when it comes to solving the needs of small business owners. |
1:52.0 | In fact, I call them micro business. solving the needs of small business owners. |
1:52.9 | In fact, I call them micro business owners. |
1:56.5 | And if you look at the pizza industry |
1:59.0 | and why a solution like ours works really well |
2:02.4 | is because the vast majority of the industry and the overwhelming majority of our customers |
2:09.0 | Our owner operated locations with less than 10 employees. |
2:13.0 | And so this one operator is in essence responsible for so many different parts of their business. |
2:20.0 | The overwhelming majority went into the business because they have a passion for the craft, |
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