Loading Preparing Cameras

Nick Kokonas

About

Before starting Tock, Kokonas tested a similar system at his three establishments—Alinea, Aviary, and Next. After he opened Alinea to international fanfare in 2005, he was spending $140,000 a year on staff dedicated to managing the constantly ringing reservation line. He was also losing an average of $260,000 a year on cancellations and tables with partial no-shows. Convinced there had to be a better way, he developed an unsophisticated ticketing program in 2010. “I didn’t make all this up because it was exciting to me to build this software company,” he says. “It was driving me nuts.” In 2011 he decided his new restaurant, Next, would offer reservations exclusively via the online platform. Happy with the results, Kokonas eventually rolled over his other places to the system. Since it switched to tickets, Alinea’s net profits have gone up 38 percent, a stat Kokonas crowed about last June in a 6,000-word essay arguing that ticketing was the future of restaurants. The post went viral among avid diners and chefs who wanted to adopt the program. “I was getting 10 restaurants a day e-mailing me,” Kokonas says. Kokonas has a prediction. In five years, he says, the tipping landscape will be very different, with most restaurants including mandatory service fees in their bills. “Everyone is so afraid to be the first to change something,” he adds. But ticketing or service fees? “This is so easy, it’s unbelievable,” he says, eyes wide and hands in the air, as if he can’t fathom how the rest of the industry hasn’t already figured this out.
Videos (1)
What Can You Break Today?
Company Spotlight in Tech
Elements Holdings Group & Subsidiaries
videos (1)
Rick Hammell
Punchkick Interactive
videos (2)
Zak Dabbas
NuCurrent
videos (2)
Jacob Babcock
Soothe
videos (1)
Chris To
Snap36
videos (1)
Jeff Hunt
Origin Ventures
videos (1)
Steve Miller
Geofeedia
videos (1)
Phil Harris
Royal Die & Stamping Co.
videos (1)
Erik Freitag
SiNode Systems
videos (1)
Samir Mayekar
3Discovered
videos (1)
Peer Munck
Signature Retail Services
videos (1)
Dan Perry
Chowly
videos (1)
Sterling Douglass
Catalytic
videos (1)
Liberty Advisor Group
videos (1)
Sara Fitzgerald
ExteNet Systems, Inc.
videos (1)
Ross Manire
Leonard & Associates CPAs
videos (1)
Michael Leonard
PeopleVine
videos (2)
Jordan Gilman
Chicago Interactive Marketing Association (CIMA)
videos (1)
Eric Whobrey
SimpleRelevance, Inc.
videos (2)
Erik Severinghaus
SkillNet
videos (1)
Mike Kritzman
NowSecure
videos (1)
Andrew Hoog
Eved
videos (1)
Talia Mashiach
Strata Decision Technology
videos (1)
Dan Michelson
Innoplexus
videos (1)
Gunjan Bhardwaj
Doblin
videos (2)
Framework CareFree IT
videos (1)
Ben Kohn
ArrowStream
videos (1)
Frank Morgiewicz
The LISA App, LLC
videos (1)
Robert Richmond
DialogTech Inc.
videos (1)
IRVIN SHAPIRO
Foxtrot
videos (1)
Michael LaVitola
Highland Solutions
videos (1)
Jeff Nixon
Artisan Talent
videos (2)
Bejan Douraghy
BlueGrace Logistics
videos (1)
Alisha Greenwald
Malwarebytes
videos (1)
Marcin Kleczynski
Jiobit
videos (2)
Chris Houghton
Objective Paradigm, Inc.
videos (1)
Kevin Krumm
BCDVideo
videos (3)
Jeff Burgess
Muses App
videos (1)
Shirley Yang
AutonomyWorks
videos (1)
David Friedman
eComfort.com
videos (1)
Pavel Sokolovsky
i.c.stars
videos (1)
Sandee Kastrul
EZLinks Golf
videos (1)
Gary Cohen
Brilliant
videos (2)
Jeff Mariola
InstruMMents Inc.
videos (1)
Mladen Barbaric
INXPO
videos (1)
Malcolm Lotzof
Techweek
videos (2)
Amanda Signorelli
Raise The Bar Consulting
videos (1)
Aaron Levy
AIT Worldwide Logistics
videos (1)
Vaughn Moore