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VC Dave McClure: The Food Tech Market Opportunity Is Huge

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Dave McClure startups silicon valley

Even though VC Dave McClure doesn't have any grand predictions for 2013 and thinks "most predictions are crap," he does have one thing to say: "menus suck."

In a recent post on McClure's blog, 500hats, he writes about how the market opportunity for food tech is huge.

"Everyone eats, 1-3x per day, and many of us eat out at least weekly if not daily," McClure writes. "We spend untold amounts of time waiting, waiting, waiting.. to execute a very inefficient and highly unsatisfactory ordering experience, when it could be an absolutely wonderful, amazing, and AWESOME experience – which is what eating food with friends & family should be in the first place."

Here's what's wrong with the industry, according to McClure:

  • There are simply too many items on menus and not enough pictures. 
  • There's no order history, user profile data, or reviews.
  • There's too much wait time when it comes to ordering and paying for food.

Here's how to fix it:

  • Add high-quality images of dishes. McClure says by doing so, it would streamline production, reduce cost, and ultimately improve customer satisfaction.
  • Implement on-premise connectivity for tabletop ordering, and access to order histories and reviews from friends.
  • Enable customers to send messages to waiters and kitchen staff.
  • Offer entertainment options for customers while they wait, like movies and games.

SEE ALSO: Fred Wilson Is Not Happy With Underperforming Startups In His Portfolio

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