Morgan: Google paid hundreds of millions for Idealab's paid search patents
“Google ended up paying hundreds of millions for our patents on paid search.”
Gilbert: GoTo.com reached $100 million in revenue in its first year
“Goto did a hundred million in revenue in one year.”
Gilbert: Google settled Overture's ad auction patent infringement for $360M
“Google did eventually end up owing them three hundred and sixty million dollars for infringing.”
Gilbert: Yahoo acquired Overture for $1.6 billion
“Yahoo ends up buying Overture for 1.6 billion.”
Overture had 8,000 advertisers when Google had only a couple hundred
“They had 8000 advertisers against Google's, you know,
Couple hundred.
That they were selling by hand.”
Gilbert: AOL Deal Made Google a Major Ad Player Over Overture
“This made Google a major player in the paid listings market almost overnight, and they weren't at all before. Overture dominated this market before.”
Trenda: Overture basically invented Google's business model
“Early in my career, that was a company called Overture. So we invented Google's business model basically.”
Scholl: Boom built XB-1 demonstrator to make mistakes before Overture
“We did XB one because we knew we would make mistakes and we wanted to make the mistakes on a small, simpler airplane before we went and did that the big airplane, because those learnings would be what would enable the big airplane overture to be a success.”
Scholl: Overture is designed to be profitable at $5,000 fares
“And then for Overture One, we've said, look, we want to focus on business class. And so we've designed that airplane such that it will be profitable for airlines at fares a quarter of what was charged on Concorde.”
Scholl: Overture will fly Tokyo to Seattle in 4.5 hours
“Just about the longest non-stop route would be Tokyo to Seattle. In four and a half hours, and just pause on that for a second, four and a half hours across the Pacific.”
Scholl: Overture meets latest subsonic noise standards
“So this meets the same most stringent noise standards that apply to latest generation subsonic airplanes.”
Scholl: Boom will produce first Overture by 2026, test in 2027
“We're breaking ground on the plant to build it, and we will be in production by the end of 24. We'll have the first airplane in 26, and we'll start flight testing it in 27.”
Scholl: Boom aims for Overture passenger certification by end of 2029
“And our goal is to spend two years in that flight test campaign and then be certified to carry passengers by the end of 2029.”
Senior aerospace leaders with startup fit are the hardest hires
“The hardest thing to hire for is big leadership roles that require aerospace background. And that is because the background is crucial for us to have. If you're going to go off and build Overture, which is probably one of the most complicated safety critical t…”
Boom's Overture airliner will fly New York to London in three hours
“And so that airplane will carry 75 passengers at business class fares on flights that are half as long as they are today. So think, you know, New York to London and three hours instead of seven, you know, fast enough, you can go across the pond, get business d…”
Dixon: GoTo invented the pay-per-click auction, the greatest business model ever
“Company called Overture, GoTo originally, and then Overture, For sort of completely, a little bit orthogonal reasons, invents the greatest business model of all time, which happens to tuck perfectly into Google's model.”