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Zach Goldstein

Zach Goldstein

Zach Goldstein is the founder and CEO of Thanx, a customer-engagement and loyalty platform for restaurants and retailers, based in San Francisco.

Aug 17, 2026

AnthonyHOST
6:06
What's an inflection point that you've seen?
6:07
seen?So the built into that question, I think, is often the mistake brands make with their loyalty program.
6:14
If you are treating a loyalty program as the people in your loyalty program and the people not in your loyalty program, uh, first of all, y-you're ignoring the obvious selection bias of better guests will join your loyalty program and less frequent guests won't.
6:28
And so that's, I think, a lot of what you're describing is I, I actually completely agree.
6:33
That means nothing that your higher value guests have joined your program and your lower frequency guests have not joined your program.
6:40
But the second problem that a lot of brands make is that, "Yay, I have all these loyalty guests.
6:44
Well, then I'm gonna do something for my loyalty guests." If you're treating that entire group of people like they're the same guest, you've missed the whole purpose of running a loyalty program, in my mind.

6 MINS LATER

AnthonyHOST
12:30
Is there an example of that specific, or, or is that a, a different use case the tool is not driven for?

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