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Motley Fool Money

Waze Co-Founder on Entrepreneurship, Autonomous Vehicles, and ChatGPT

Motley Fool Money

The Motley Fool

Business, Investing

4.43K Ratings

🗓️ 18 March 2023

⏱️ 26 minutes

🧾️ Download transcript

Summary

When venture capital investors walk into a pitch meeting, they usually know if they’re saying yes before anyone starts talking.

Uri Levine is the co-founder of Waze and the author of “Fall in Love with the Problem, Not the Solution: A Handbook for Entrepreneurs.” Alex Friedman caught up with Levine to talk about:

- The early days of Waze.
- One way to know if a company “will die.”
- What happens, behind the scenes, when venture capital investors choose investments.
- ChatGPT, artificial intelligence, and autonomous driving.

Company discussed: GOOG, GOOGL

Host: Alex Friedman
Guest: Uri Levine
Producer: Ricky Mulvey
Engineer: Tim Sparks

Transcript

Click on a timestamp to play from that location

0:00.0

And I met one of the largest VCs in Israel, one of them, of the leading partners and we,

0:09.0

and that was after the waste was acquired.

0:10.8

So we had a dialogue and open dialogue and I asked him how long does it take you to decide

0:14.9

if you like the entrepreneur or not.

0:16.9

And we were sitting in a small meeting home so the guy is looking at me and then looking

0:20.4

at the door and looking at me again and says before they sit down.

0:29.4

I'm Ricky Mulvey and that's Yuri Levine, co-founder of the Navigation App Ways.

0:35.1

Levine is a serial entrepreneur and the author of Fall in Love with the Problem, Not the

0:39.9

Solution.

0:40.9

The Motley Fool's Alex Friedman caught up with Levine to talk about the inside story

0:45.4

of founding Ways, the fundamentals of entrepreneurship, a very common misconception about disruptive technology

0:52.4

and if Chatchy BT can solve the good enough problem.

0:57.1

And I know in the book you talk a lot about product market fit, why is this such an important

1:03.2

idea for you and how do you think entrepreneurs can measure it and focus on it?

1:07.4

So you're at the end of the day, building a startup is a journey, it's a complex journey

1:12.1

and it's a long one, it's a roller coaster journey, it's a journey of failures and

1:16.2

we will touch base on all of those.

1:18.1

But the first part of this journey is to figure out product market fit and by figuring

1:22.1

on product market fit what I really mean is that you create value to your customers,

1:26.4

to your users, to your customers, wherever they are.

1:28.7

In a certain extent I would say if you don't figure out product market fit, you will die

1:33.5

as simple as that.

...

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