PARTech ($PAR) CEO Savneet Singh Joins Me on Panic with Friends to Discuss the Accelerating Software Industry and How to Keep Up with It

It is fun to have public market CEO’s on the podcast. Today’s is a longtime friend who is also an LP in Social Leverage. Savneet Singh has been focused on fintech disruption for two decades. I am really excited for his current success as CEO of ParTech which a software and hardware company at the center of the restaurant and hospitality business. Their awesome tagline is ‘Food.People. Nothing In Between‘. The company just recently passed $1 billion valuation and all-time high for the stock…and that COVID stock plunge – we talk about that too:

I hope you enjoy the podcast – you can listen right here on Spotify or Apple and a more detailed overview of the conversation is below. If you are a software investor or entrepreneur or have an interest in the restaurant, software or hospitality business you will really learn a lot.

Guest: Savneet Singh

Profile: CEO of PARTech, Inc.

Where to Find Him: LinkedIn, Twitter

Fun Fact: Savneet is not one to shy away from a controversial stance. If you’re looking for an interesting read to contrast the fintech craze, I strongly recommend reading Savneet’s post titled “Why Fintech is the Worst.”

What’s the Panic About:

Savneet Singh is not only a great friend, but he’s also one of the most driven workers I’ve ever met, who offers such an interesting perspective on life, entrepreneurship and business. He is just incredible at what he does. Savneet and I met through our mutual friend, Sonny Singh, and I’ve been a fan of his for a while now. Savneet is the CEO of PARTechnology Corporation, a NYSE publicly traded provider of point of sale software to the retail and hospitality industry. Savneet has accomplished a ton before starting with PARTech. He has invested in everything from real estate to Uber to cryptocurrencies to starting his own venture/studio firm. He is a partner with Ali Hamed, a past guest on Panic, at the VC firm CoVenture. Savneet has incredible vision and insights around the software space, some of which he shares with me on the podcast. In this episode, Savneet and I also discuss his admiration of Warren Buffett, public companies, fintech, PARTech’s origin story, Saas businesses, COVID-19 impact on restaurants, SPACs, gold, ecommerce, bitcoin and more.

The Takeaway:

If you don’t at least take anything away from Savneet’s perspective on investing and business, I hope you take something away from his work ethic and mindset. Savneet is the perfect example of what hard, diligent work and the pursuit of an intellectually curious mind can lead to. I would encourage you to try to instill the values Savneet mentioned — speed, accountability, impact — into your own work.

Favorite Quotes:

“Software in the world is accelerating in ways we didn’t expect.”

“If you’re a restaurant today, your online presence is just as important as your physical location.”

“I think you figure out where you’re going to go by listening to your customers.”

“If you can prove durability and growth… the market will continue to reward you.”

Food for Thought:

Savneet has also made an appearance on my friend Patrick O’Shaughnessy’s podcast. If you haven’t already, I encourage you to take a listen to this episode as well.

PS – I am now doing two ‘Panic With Friends’ podcasts per week. Thanks for listening and make sure you subscribe over on Spotify or Apple.