{"id":10006,"date":"2021-05-13T06:09:03","date_gmt":"2021-05-13T11:09:03","guid":{"rendered":"https:\/\/reformingretail.com\/?p=10006"},"modified":"2021-05-13T06:09:07","modified_gmt":"2021-05-13T11:09:07","slug":"why-isnt-toast-public-yet-analysis-of-toasts-q1-2021-management-presentation","status":"publish","type":"post","link":"https:\/\/reformingretail.com\/index.php\/2021\/05\/13\/why-isnt-toast-public-yet-analysis-of-toasts-q1-2021-management-presentation\/","title":{"rendered":"Why Isn&#8217;t Toast Public Yet: Analysis of Toast&#8217;s Q1 2021 Management Presentation"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Frankly we're a little surprised Toast hasn't produced an S-1 by now. Market multiples are great, but that won't last forever. Toast going public now means adding a billion (or more) to their balance sheet, allowing them to buy their way into TAM and crush the restaurant tech ecosystem (as of this writing we're hearing that they're actively calling Toast customers and trying to convince them to move off third party solutions in favor of a no-doubt-inferior Toast solution).<\/p><p class=\"wp-block-paragraph\">So before Toast publishes an S-1 and we look stupid, here's an analysis of Toast's management presentation from February 2021, curated by the slides we feel are most relevant.<\/p><div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\"><a href=\"https:\/\/reformingretail.com\/index.php\/subscribe\/\">Subscribe<\/a> or <a href=\"https:\/\/reformingretail.com\/index.php\/log-in\/\">log in<\/a> to read the rest of this content.<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Frankly we&#8217;re a little surprised Toast hasn&#8217;t produced an S-1 by now. Market multiples are great, but that won&#8217;t last forever. Toast going public now means adding a billion (or more) to their balance sheet, allowing them to buy their way into TAM and crush the restaurant tech ecosystem (as of this writing we&#8217;re hearing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[5,4,3],"tags":[],"class_list":["post-10006","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-solutions","category-merchants","category-pos","post_format-post-format-image"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p81nA2-2Bo","jetpack_featured_media_url":"https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2021\/05\/Screen-Shot-2021-05-08-at-5.59.48-PM.png?fit=908%2C589&ssl=1","_links":{"self":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/10006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/comments?post=10006"}],"version-history":[{"count":17,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/10006\/revisions"}],"predecessor-version":[{"id":10253,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/10006\/revisions\/10253"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/media\/10157"}],"wp:attachment":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/media?parent=10006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/categories?post=10006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/tags?post=10006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}