The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
shows 
every show 44 of 44
Levine: Google paid out TomTom's $18M annual contract upon launching proprietary maps
“TomTom was the provider of the maps for Google to do navigation, and they basically say, no, we have our own maps, we are going to terminate the contract, and TomTom said, wait a minute, you are paying us eighteen million dollars a year, and we have five years…”
Levine: Waze investors advised selling for $20M–$30M following Google Maps navigation
“Our own investors told us that, look, if we can sell the company for 20 or thirty million dollars today, do it, because you are not going to be successful.”
Levine: Waze's crowdsourcing model will never work in Japan
“Japan is a very good example where it didn't work, and it will never work, right?”
Levine: Microsoft invested in Waze due to lacking proprietary navigation maps
“Microsoft decided that, wait a minute, we don't have our own maps, so let's invest in Waze. So we ended up getting investment from someone that we did not expect.”
Levine: Waze took 4 years and Netflix took 10 to reach PMF
“For Waze, it was four years. For Microsoft, it was five years. For Netflix, it was 10 years.”
Levine: Personnel makes up 70% to 75% of startup budgets
“Look, if you look at the startup and you look at the budget, 70% of the budget is people. Maybe 75% of the budget is people. Everything else is, is nickels and dimes.”
Levine: Waze's initial 2009 global launch worked in only four countries
“It was actually good enough in about four places in the Czech Republic, in Slovakia, in Latvia, and Ecuador, and that's about it. Rest of the world, not good enough.”
Levine: Waze raised approximately $50M throughout its entire existence
“So Waze raised about fifty million dollars throughout the entire journey. We started by raising 12. That was this, the first investment round, and then we raised 30. And then was the last round that we raised, actually not a lot.”