Adam Guild
Co-founder & CEO, Owner.com. On 1 show, 1 appearance. The Shows tab opens the full record on each.
founderexecutiveinvestor@adamguild ↗adamguild.com ↗Wikipedia ↗
Adam Guild is the co-founder and CEO of Owner.com, a platform helping independent restaurants manage direct online ordering and websites. A Thiel Fellow, he ran a Minecraft server network as a teenager before dropping out of high school to become a software entrepreneur.
1shows
1appearances
22statements
3resolved
3supported
0contradicted
100%fully supported
Everything Adam Guild said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Software customizability is 'stupid' for small businesses because it hurts sales
“So from the beginning, we took this very contrarian stance that customizability is stupid. What we actually want is this proven system that has all of the best practices out of the box in a way that the small business owner can't screw up, and we're not going …”
Startups should treat competitors as free R&D factories and shamelessly copy successes
“You can think of them as free research and development factories, where they're constantly running a bunch of experiments on the same group of customers, and when some of those experiments Work well. It makes a ton of sense to just shamelessly copy that approa…”
Guild predicts Owner's CAC will match Shopify while LTV will exceed Toast
“Which ends up giving us customer acquisition costs in the future that look more like Squarespace or Shopify with lifetime values that are even greater than toasts over time because the attach rate is so high once you earn the trust on free products.”
Social media marketing fails local businesses due to lack of purchasing intent
“There's a intent-related reason why social media never works for local businesses, which is that when people are browsing Instagram or Facebook or TikTok, they aren't browsing with an intent to buy dog-earning services or Now that we serve restaurants to buy r…”
Guild: Most restaurant discovery happens on Google, not DoorDash or Uber Eats
“It's still not DoorDash or Uber Eats. The vast majority of restaurant discovery still happens on Google, but that was especially true eight years ago.”
Guild: Customer retention is at least 50% emotional rather than purely utilitarian
“I think most people would assume that the utilitarian part of sales, sales, sales is 90 plus percent of the equation of whether they continue to retain and use the product, but I would argue that it's at least 50% emotional, if not more, and 50% sales oriented…”
Guild: Owner mandates customers buy its entire bundled platform, not point solutions
“We said you can't buy one without the other because they work so well together, which we still do today. Like you've got to adopt the whole system because the whole system is designed to work together. And if you're buying us to grow your sales, this is what i…”
Guild skips technical skill assessments in executive interviews, relying entirely on references
“I, on the skill set dimensions, don't assess those in an interview. I assess those via references, which I do a huge amount of references on any key hire.”
Product-led software is cheap because it lacks upfront trust commanding premium prices
“There's a reason why all product led products are close to free because they don't have the level of perceived value or trust on the front end that commands a high price point.”
Guild: Local SEO produces rapid results because local competitors do not optimize
“It takes time for terms that are globally competitive. Ranking for best shoes is hard because you're competing on a global stage with Nike and Adidas and all the rest. But when you're competing for these long tail keywords that have a huge amount of intent in …”
Owner charged restaurants $2,000 monthly for a website builder, 20x competitors
“We were charging 2000 dollars a month as a website builder around driving dine in and reservations. Which, to put that into perspective, typical website builders that restaurant owners use are Wix and Squarespace, and they're like, 49 a month products. So we w…”
Diners choose direct ordering for value and convenience, not to help restaurants
“The big mistake that restaurants even still before owner make is nobody tells the guest why they should order directly from the restaurant in their own interests. They all say it's better for the restaurant order directly. And while that resonates with 10% of …”
Delivery apps charge restaurants 30% and consumers 20% on average per order
“It's not just 30% that these delivery apps take from the restaurant. It's also 20% on average that they're charging the consumer.”
Driver tips are higher on direct restaurant orders than on delivery apps
“The driver tip also tends to be more when people are ordering directly from the restaurant, which offsets the driver costs and ends up making it higher gross margin.”
Guild: P.F. Chang's contract was worth over $1M annually to Owner
“This was after we'd signed PF Chang's as a customer, which alone was worth over a million dollars a year as that revenue expanded for us.”
Guild: Naval Ravikant, Sean Rad, Kimbal Musk invested in Owner's seed round
“It was just a week later that we had this signed term sheet of this seed round and all of these people that I'd admired for years, like Naval Ravikant from AngelList and Sean Radd, the founder of Tinder and all these other great people, Kimball Musk. Who was a…”
Guild: Serving local businesses requires an LTV-to-CAC ratio well over 3:1
“To summarize my thinking on how to make the Very brutally difficult economics work of serving local business owners and restaurant owners. It comes down to making sure that the LTV to CAC ends up being very favorable, well over three.”
Guild: Minecraft server made hundreds of thousands in profit by age 16
“Because by the time I was 16, it had reached millions of players, was generating hundreds of thousands of dollars in profit, then led me to drop out of high school halfway through 10th grade.”
Owner reached $1M revenue and raised $10M within 10 months of pivoting
“Over those next 10 months. We went from no customers, no revenue, about to be no money, to then thousands of customers, over a million in revenue, over ten million dollars in venture raves from all these famous investors.”
Owner employs more than 20 former company founders
“We've got more than 20 founder types throughout the company with superpowers that have previously started companies.”
COVID lockdowns reduced Owner to two people and four months of runway
“So we lost not only our product market fit overnight, but all the customers that we just spent two and a half years. Grinding like crazy to initially acquire and build relationships with. And as a bootstrapped company, that was our funding. And we had to get b…”
One line per show, most statements first. The link opens Adam's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 IN DEPTHLEDGER | Co-founder & CEO, Owner.com | 1 | 22 | 100% 3/3 | full record on In Depth → |