CloudKitchens

“We have hundreds of facilities in 30 countries, many hundreds of facilities in 30 countries.”

“So people know it as cloud kitchens in the U.S., but it's Casinos Aqueltas in Latin America. And we have different names. That means, like, magical kitchens, essentially. We have, like, Kitchen Valley in Korea. We have Flash Kitchen and three other names in Ch…”

“I acquired Cloud Kitchens for, ah, it partnered with a buddy of mine, Diego, right? And there were like six people in the company that I acquired.”

“Cloud kitchens eight years out in the winterland. Do I think it's going to make it? Probably not.”

“So we operate in 30 countries.”

“The main learnings from that business were that people really want selection and customization in full, and it's really hard to scale high quality, so we couldn't quite do the very best version of the customer offering we wanted with that model”

“Very quickly understood that key, you really don't make any money in the cloud kitchen space, right? Because your margins are wafer thin, so many other things that you need to do and all.”

“So we're, we actually work with Travis and his cloud kitchens business.”

“Like, we work with Cloud Kitchens all over the world. They're a big partner”

“We're rolling out with five customers in April that are using the machine”

“We, of course we have the real estate, so we have kitchens, you know, tens of thousands of kitchens around the world.”

“Currently, I think we have real estate. We have facilities in all the major cities, and 30 countries around the world.”

“We also have a software division, so we have hundreds of thousands of restaurants using our software stack.”

“We have a robotics division that, you know, got going with a lot of the original sort of Uber ATG guys, advanced technology group, the autonomy guys.”

“Have real, you know, robots that are gonna, that already Are out there, but are going to be out there in a really big way over the coming, you know, quarters and years.”

“Our company is really sort of building atoms-based computers and sort of Our first computer is really a food computer”

“So once the dispensers are full of food, nobody touches it, and what comes out on a conveyor belt is bags of food that get delivered.”

“We're seeing 18% of all online delivery in the U S as an example our software is touching.”

“I think, like I said, I think initially it's always better to be a little careful and frugal. Don't go ahead and try and open a 5000 square foot, 200 cedar restaurant. Maybe start out Today with a cloud kitchen or a small cafe.”

“Nobody's making money in cloud kitchen business.”

“So we don't use any of our existing infrastructure at all. Not even one restaurant. Not even a single restaurant.”

“Cloud kitchens work for where either you are a very strong brand that you've built over the years. You come from a certain pedigree and have the sophistication enough to understand sophisticated marketing tools, right? And CRM and to be data driven and analyti…”

“What we've been doing recently is actually using the cloud kitchen model to kind of understand a neighborhood. So for example, we started a cloud kitchen in Juhu for six months and we saw that that was really successful and we said, okay, this market is succes…”

“It pains me to think that we're going into an era where no one cooks their own food, but we are, and delivery and various other technologies are getting so good that you click a button and you get food in 10 minutes, and people love that, of course.”