{"id":8905,"date":"2020-12-17T09:21:11","date_gmt":"2020-12-17T15:21:11","guid":{"rendered":"https:\/\/reformingretail.com\/?p=8905"},"modified":"2021-03-30T13:27:12","modified_gmt":"2021-03-30T18:27:12","slug":"updated-horsemen-of-hospitality-pos","status":"publish","type":"post","link":"https:\/\/reformingretail.com\/index.php\/2020\/12\/17\/updated-horsemen-of-hospitality-pos\/","title":{"rendered":"Updated Horsemen of Hospitality POS"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Before we get to our updated list (and here's the<a href=\"https:\/\/reformingretail.com\/index.php\/2017\/11\/09\/the-new-four-horsemen-of-hospitality-pos\/\"> old list<\/a> for reference) we need to discuss Lightspeed's acquisitions of restaurant\/retail POS companies Shopkeep and <a href=\"https:\/\/techcrunch.com\/2020\/12\/01\/lightspeed-acquires-upserve\/\">Upserve<\/a>, and the larger implications most people are missing.<\/p><p class=\"wp-block-paragraph\">Lightspeed acquired both Shopkeep and Upserve using <em>some<\/em> cash but <strong>mostly<\/strong> equity via shares. When you're a public company your shares are another form of currency, and they're much, much cheaper than cash consideration. This creates an unfair advantage for public companies: they can buy assets more \"cheaply\" than non-public companies. <\/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>Before we get to our updated list (and here&#8217;s the old list for reference) we need to discuss Lightspeed&#8217;s acquisitions of restaurant\/retail POS companies Shopkeep and Upserve, and the larger implications most people are missing. Lightspeed acquired both Shopkeep and Upserve using some cash but mostly equity via shares. When you&#8217;re a public company your [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8977,"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-8905","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\/p81nA2-2jD","jetpack_featured_media_url":"https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-12.14.39-PM.png?fit=1396%2C698&ssl=1","_links":{"self":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/8905","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=8905"}],"version-history":[{"count":14,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/8905\/revisions"}],"predecessor-version":[{"id":9025,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/8905\/revisions\/9025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/media\/8977"}],"wp:attachment":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/media?parent=8905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/categories?post=8905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/tags?post=8905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}