Evidence receipt / disagreement
Published · transcript-backedDavid Rosenthal: disagreement
26 Aug 2019 Acquired Google Maps
“I agree with Sequoia’s decision to ultimately pass because maybe they could have gotten distribution on their own.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- disagreement
- Recorded
- 26 Aug 2019
- Publisher
- Acquired
- Episode
- Google Maps
Transcript context
…Did they need Google for distribution? Maybe, maybe not. I agree with Sequoia’s decision to ultimately pass because maybe they could have gotten distribution on their own. Certainly Flickr did, certainly YouTube did, although both of these companies sold and sold way too early. They could have been built as standalone companies. I think the problem here was the reliance on NavTeq and Tela Atlas data. If you’re an independent startup, are you going to be able to negotiate with them? Especially since users are not going to pay for the product. It has to be a free product because MapQuest and Yahoo! Maps is free. You’re not going to have a business model, you’re going to have to license all of these super expensive data and the genius business model that Google ends up developing the API here, that you can’t really monetize until you free yourself from that data, and you can’t free yourself from that data. You think that’s the business model.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.