May 20, 2020

The Price of a Pandemic: The Coffee Shop

What do you miss most about your favorite coffee shop? During this pandemic, coffee shops have had to adapt to make pick up and ordering ahead easy for customers. A company called Cloosiv is changing the game for everyone who isn't a Starbucks. How can a digital payments company help the coffee shop industry survive in a post COVID world?

LISTEN TO THE PODCAST

We all miss our favorite coffee shops. It's part of our routine. It's habitual. Coffee, or any caffeinated drink, also happens to be addictive. So how are coffee shops surviving during this pandemic? This pandemic has highlighted our need for convenience and minimal touching. With one click, we have our favorite drink ready for pick up, without the need to touch anything! This is the future of digital payments that we've seen work really well in countries like China.

In today's episode, we learn about the coffee shop business and how they relate to the evolution of digital payments. We sit down with Tim Griffin, founder of Cloosiv, a payment platform focused on coffee shops. We learn:

-Why the US is behind in digital payments in comparison to China.

-How Starbucks created one of the most used payments app.

-How the coffee shop business works, and how they're adapting during COVID. Why contactless payments are the future.

This is our last episode of the season, but we'll be returning soon after a short break. Thank you to all our guests from this season for participating. Thank you to Olivia Briley for producing and to Maia Tarrel for editing the podcast. Thanks to my wife for doing all our pre-rolls and editing these notes. Thank you to our listeners, for sticking with us and giving us your time. Stay safe out there.

Other Podcasts

Black In Business

Mesh Lakhani shares the story of three Black entrepreneurs during the 2020 Black Lives Matter movement: Kris Shelby, Chris Montana, and Yelitsa Jean-Charles.

August 12, 2020
Listen Podcast

The Price of a Pandemic: Where Did All the Oil Go?

The price of oil went negative recently. Why? What are all the things you need to know to understand everything that going on with oil right now. That includes the relationship between the three largest producers of oil- the US, Saudi Arabia and Russia. We learn from an energy investor from one of the largest family offices in the US.

May 13, 2020
Listen Podcast

The Price of a Pandemic: The Good Doctors

As ER physicians & medical residents risk their lives, are they compensated fairly? How much are doctors worth during a crisis? We talk with Dr. Nitin Vaswani- John Hopkins alumni, trained clinician and healthcare investor on the future of digital health.

May 11, 2020
Listen Podcast