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In this special episode of Big Shot, recorded live at the iconic Kennedy Center in Washington, D.C., we're joined by Uri Levine, the co-founder of Waze. Uri is a visionary entrepreneur whose journey includes building Waze, the world's largest community-based traffic and navigation app, which Google acquired for over $1 billion. Beyond Waze, Uri has co-founded several impactful startups like Moovit (acquired by Intel), FeeX, and Engie. He's also the author of Fall in Love with the Problem, Not the Solution, a must-read guide for entrepreneurs. In our conversation today, we cover: • Lessons on failure and prioritization from Uri's father • A clever hack he used to pitch Waze with an incomplete product • The cultural drive behind the Jewish ambition to create positive change • The story of the many millionaires created by Waze's acquisition • And so much more! A special thank you to ADL In Concert Against Hate. You can learn more here https://www.adl.org/adl-concert-against-hate-shines-light-heroes — In This Episode We Cover: (00:00) Intro (01:40) How Uri's father taught him the importance of failure (04:55) A story about prioritization (06:59) Uri's solution for fundraising with an incomplete product (09:00) The ups and downs of the start-up journey (11:04) Why Jewish people are drawn to entrepreneurship and making a positive impact (12:58) The connection between the kibbutz community and entrepreneurship (13:25) The Google acquisition of Waze (13:58) The importance of keeping the main thing the main thing (15:11) How tikkun olam inspires Uri's entrepreneurial ventures (16:48) Chutzpah and the Israeli experience (17:40) How Uri continues to be inspired by his father — Where To Find Uri Levine: • Website: https://urilevine.com/ • LinkedIn: https://www.linkedin.com/in/uri-levine/ • X: https://x.com/urilevine1 — Where to Find ADL: • Website: https://www.adl.org/ — Where To Find Big Shot: • Website: https://www.bigshot.show/ • YouTube: https://www.youtube.com/@bigshotpodcast • TikTok: https://www.tiktok.com/@bigshotshow • Instagram: https://www.instagram.com/bigshotshow/ • Harley Finkelstein: https://twitter.com/harleyf • David Segal: https://twitter.com/tea_maverick • Production and Marketing: https://penname.co
Entrepreneurship is a journey of failures. The founders need to stay focused on the execution and achieve product-market fit. Most of the founders start their journey with the problem but they very soon forget about it. The same principle applies to all startups, including mobility and logistics. It is very important to understand your users and focus on solving their problems. Most people think of solving mobility challenges from the system perspective, not from the user perspective. Riders are looking at mobility from three parameters – Convenience, Speed and Cost. The founders should ask what is the value that I'm going to create for those users? This podcast will share some of the key ingredients to build a successful startup. Public transport will face challenges from new emerging mobility options. It is important to reimagine mobility from the users' perspective.Guest: Uri Levine is a passionate entrepreneur, a 2x 'unicorn' builder (Duocorn), and the author of the book “Fall in Love with the Problem, Not the Solution” – A Handbook for Entrepreneurs. He is co-founder of Waze, the world's largest community-based driving traffic and navigation app, which Google acquired for $1.1 billion in 2013, and former investor and board member in Moovit, 'Waze of public transportation, which Intel acquired for $1 Billion in 2020. Levine's vision is building startups that are doing good and doing well, focusing on solving problems and hence changing the world for the better. He has been in the high-tech business for the last 40 years, more than half of them in the startup scene, and has seen everything ranging from failure, to moderate success, and big success. The startups Levine is Co-Founder, Chairman or Board Member, include Pontera (formerly FeeX); FairFly; SeeTree; Refundit; Fibo; Dynamo; Kahun, and he's always working on the next one.
Headlines: MILLENNIALS HAVE SOLVED THE RETIREMENT CRISIS 401kspecialistmag.com/surprising-percentage-of-millennials-counting-on-crypto-for-retirement/ Surprising Percentage of Millennials Counting on Crypto for Retirement - 401K Specialist Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. 401kspecialistmag.com ARA NOT DIGGING NEW LEGISLATION napa-net.org/news-info/daily-news/ara-expresses-opposition-protecting-americas-retirement-security-act ARA Expresses Opposition to Protecting America's Retirement Security Act | National Association of Plan Advisors The American Retirement Association expressed its opposition to the Protecting America's Retirement Security Act (PARSA) in an April 5 letter to lawmakers. “Our opposition to this legislation is based on both its substance and its process,” writes ARA CEO Brian Graff. napa-net.org TECH THAT ALLOWD ADVISORS TO MANAGE PARTICIPANT'S 401k FOR THEM planadviser.com/pontera-mutual-group-launch-new-partnership/ Pontera and Mutual Group Launch New Partnership | PLANADVISER The new relationship provides affiliated advisers with a simplified way to manage their clients' retirement accounts and held away accounts from a single, secure interface. Financial technology company Pontera, formerly known as FeeX, has announced that it has formed a partnership with Mutual ...
Grab a cup of tea and join us as we rank what's overrated and what's underrated in the world of wealth management. · Vise sees exec exodus after AUM doesn't materialize· Onramp is asking investors for $5m· FeeX raises $80m and rebrands to Pontera· Envestnet is up for sale, again· Conference diversity startup, Choir, gains traction We hope you enjoy and follow us on this journey! If you have any ideas, comments or suggestions please fire them our way. Make sure you subscribe to never miss an update.Listen on AcastSubscribe in Apple Podcasts Learn more about Potomac Fund Management: https://potomacfund.com/ Read our blog: https://blog.potomacfund.com/ Disclosure: http://bit.ly/2l3OvaL See acast.com/privacy for privacy and opt-out information.
Waze is a crowd sourced traffic navigation app. Drivers share real-time traffic and road information to help other users on the same route. Uri founded Waze in Israel in 2007 and the company was sold to Google in 2013 for $1.1 Billion. Uri is also the founder of FeeX, which also uses crowd sourced information— […]
Listening to the Meb Faber Podcast while mowing my lawn this afternoon and he mentioned this website called FeeX.com. FeeX is a site you can go and for FREE type in your fund holdings, even link your account if you're so inclined. Their algorithm will then analyze your funds PLUS a list of comparable funds that are a whole lot cheaper. It's crazy! And it's awesome! For instance, I typed in USMIX, which is USAA's Extended Market Index. Out came a bunch of other funds, exactly like it, but cost significantly less. Then FeeX calculated what the other funds would save me over time in total fees. Folks, we are not talking about pennies here. We're talking tens of thousands of dollars. Fees matter, my friends. And if you own high fee funds you've got to understand the headwind you're dealing with when it comes to performance. The more fees, the less your fund will be able to compete. Just no other way around it. Of course, this does not mean higher cost funds CAN'T outperform lower cost funds. It's just going to be hard to do it. Think about it like this. Let's say we each expect the market to return 10%. My fund costs 2% your fund costs .50%. Because my fund costs 4x your fund, I have to return 1.50% more than you, year after year, just to equal you. How can I do that without taking on much more risk? I can't. So, the higher cost funds will underperform or take on more risk to outperform. And just cause one takes on more risk doesn't necessarily mean out performance either. So, give FeeX a try at www.feex.com. And, if you are interested in investment-related podcasts, you'll have a tough time beating Meb Fabers podcast which can be found at www.mebfaber.com. ================================= If you like what you see, a thumbs up helps A LOT. So, give me a thumbs up, please! Don't forget to SUBSCRIBE by clicking here: https://www.youtube.com/channel/UCSEzy4i9xrKPoaU9z0_XbmA?sub_confirmation=1 Contact me: Josh@heritagewealthplanning.com GET MY BOOK: Strategic Money Planning: 8 Easy Ways To Put Your House In Order It's FREE if you're a Kindle Unlimited Subscriber! https://amzn.to/2wKGi50 GET ALL MY LATEST BLOGPOSTS: http://heritagewealthplanning.com/blog/ PODCAST: https://itunes.apple.com/us/podcast/josh-scandlen-podcast/id1368065459?mt=2 LET'S SOCIALIZE! Facebook: http://Facebook.com/heritagewealthplanning Linkedin: https://www.linkedin.com/in/joshscandlen/ Quora: https://www.quora.com/profile/Josh-Scandlen Google +: https://plus.google.com/u/1/108893802372783791910 --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support
081R | Strategies for decluttering and living with less (reflecting on Cait Flander's interview with us on Monday), life hacks from the community, and a winner for the free ticket to CampFI in Joshua Tree! The ChooseFI community is growing and gaining national attention. How This Couple Saved $1 Million in 11 Years and Became Financially Independent Before 40 Nine Money Podcasts You Should Be Listening To Local Groups are really effective in some parts of the ChooseFI community. Jonathan joined some members of the Richmond local group to purchase a mosquito fogger to share between them. What else could be a shared purchase? Cait Flanders, from Monday’s episode, talked about taking control of your life, and decluttering her whole life. How do you take control of your life? Could you live with less? Why doesn’t Brad use a budget, and how does he still manage his finances well? Why does Brad hope his daughter reads Harry Potter? Voicemail from Kristyn, from fortheloveoftidy.com and the Spark Joy podcast, talks about her FI progress, and tips for decluttering: Map out your ideal living environment; think about how your clutter fits into that. Ask yourself tough questions about the clutter in your life. What is tough about decluttering for Jonathan? How does Kristyn keep track of her “bit-sized wins”? Why did Jonathan finally get rid of his grad-school notes? Voicemail with a suggestion based on advice from The White Coat Investor, to employ children as models for his website, to add legitimate money to his kids’ retirement accounts. Facebook post from Heather about how her son found a job without a car. Message from Louima, who was inspired by Cait’s Monday episode, and is contemplating a reduction of her FI number. Email from Mark with some FI hacks: Food: Choose smaller dishes Put chips, pretzels, etc., in a dish, don’t eat directly from the bag Don’t eat alone: Why Eating Alone May Be Bad for You Don’t eat while watching TV: The Danger of Eating in Front of the TV Finances: Use credit cards for travel rewards Shopping portals – some opportunities to earn 4-10x more points Earny: a price drop protection app Feex.com: finds hidden fees in your investment accounts Update: Brad is working to establish a scholarship for a Treehouse student to learn coding, in partnership with Every Child’s Hope. Winner of the ticket to CampFI in Joshua Tree: Danielle! Links: The Simple Path to Wealth Design Your Future Freelance to Freedom
Oh man oh man, this is fantastic! Listening to the Meb Faber Podcast while mowing my lawn this afternoon and he mentioned this website called FeeX.com. FeeX is a site you can go and for FREE type in your fund holdings, even link your account if you're so inclined. Their algorithm will then analyze your funds PLUS a list of comparable funds that are a whole lot cheaper. It's crazy! And it's awesome! For instance, I typed in USMIX, which is USAA's Extended Market Index. Out came a bunch of other funds, exactly like it, but cost significantly less. Then FeeX calculated what the other funds would save me over time in total fees. Folks, we are not talking about pennies here. We're talking tens of thousands of dollars. Fees matter, my friends. And if you own high fee funds you've got to understand the headwind you're dealing with when it comes to performance. The more fees, the less your fund will be able to compete. Just no other way around it Give FeeX a try. --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support
A fulfillment center is a shared warehouse used by small businesses. Why is that important to you? Because if you're selling products online, your ideal situation is to be buying bulk products at wholesale for better profit margins, but having them stored and delivered by someone else. Be sure to Subscribe to the Show! Find much more TRUTH about ECommerce on my site. EPISODE TRANSCRIPT Welcome to Chris Malta's EBiz Insider Podcast; quite possibly the only place left in the UNIVERSE that tells you the TRUTH about ECommerce! Let's talk about fulfillment centers and why we need them. The first thing people tend to think about when you mention fulfillment in relation to ECommerce, is Fulfillment by Amazon. We are NOT talking about fulfillment by Amazon here. In fact, we're not talking about Amazon at all; there is NO profit margin on Amazon for small business owners, no matter how many gibbering ninnies out there want you to think there IS so they can line their pockets selling you junk information. If you're going to sell online, you need to be selling through a Web Site, NOT Amazon. Not eBay either; there hasn't been a decent profit margin available on eBay for a LONG time. If you want to actually make MONEY in product sales online, you need your own web site. And you need a tightly focused NICHE web site that sells a very closely related set of product, not one of those ridiculous automated monstrosities that automatically load a gazillion unrelated products into your page. FOCUSING on a NICHE is the ONLY way to make money with a web site. That's a topic for another day, but I thought it was worth mentioning here. So let's get back to business and talk about fulfillment centers. What's a fulfillment center when it's NOT Amazon? A fulfillment center is a shared warehouse used by small businesses. Why is that important to you? Because if you're selling products online, your ideal situation is to be buying bulk products at wholesale for better profit margins, but having them stored and delivered by someone else. Wait a minute, tho. Buying bulk is expensive. You have to lay out a lot of money to get serious bulk discounts from a wholesaler. So let's back up, start at the start, and go through this point by point. First, when you sell products online for profit through your WEB SITE you always START with drop shipping. Wholesalers who drop ship for you will let you place single item orders, and they'll send them straight to your customers from the warehouse. Of course there's more to drop shipping, but that's another story for another day. Suffice it to say that you should NOT store and ship what you sell in your basement, your living room, in a paid storage unit, in your neighbor Ed's garage...because that's a ridiculous waste of time and energy, and a serious added cost to you. Time is money, after all. That's something home-based business owners don't always think about, but should. Second, once your web site's sales reach the point where you can accurately predict how much product you'll sell 30 days, 60 days or 90 days in the future, you're definitely making enough PROFIT to start buying your products in bulk. When you buy in bulk, your wholesale cost drops and your profit margins rise. Third, when you buy in bulk, you need to buy ALL the products you sell on your site in bulk. We've already talked about the fact that your site needs to be a targeted niche site, so there won't be all that many differnet products you need to buy. If you DON'T buy ALL your products in bulk, then you have some products that are still drop shipped, and others that go through another shipping method. What if somebody buys two or three products from your site, and 1 or 2 of them are sent by different shipping methods? That's multiple shipping charges, and NO customer is going to pay multiple shipping charges! Not even on Amazon or eBay. So all your products always need to be shipped from the same place using the same method. THAT is where fulfillment centers come in. When you buy your products in bulk, you send them to a fulfillment center. Your fulfillment center puts your stuff in warehouse space reserved for you. Then they connect their system to your web site. When your site gets an order, THEY get the order too. They pick, pack and ship your product, and your done! What does it cost? Fulfillment centers are HUGE. They ship tens of thousands of products EVERY DAY. This means they pay pennies on the dollar for shipping through UPS, FeEx and USPS, and they pass the savings to you. Generally, the UNIT cost to store, pick, pack and ship your products FOR you comes out to about the same as you would charge your customer for shipping and handling. I hate to get off track again, but it's also important to mention that your web site should NOT offer free shipping. Free shipping is nothing but a gimmick, it's something that your home-based business can't afford to do, and if you know how to market a product you don't NEED free shipping. So you ARE going to sharge your customers shipping and handling. That's ANOTHER story for another day, though. So back to the topic...your unit cost per product to have the fulfillment center do everything for you comes out to an amount that you can charge back to your customer as shipping and handling (because thats actually what it IS), and you end up with a basically FREE warehouse full of people doing all the work FOR you. So remember: start with drop shipping. When your site makes enough money to use your PROFITS to buy in bulk, buy EVERYTHING you sell in bulk. Send them to a fulfillment center, and let them do all the work. In this business, you should NEVER physcially handle a product. It's time consuming, it takes up a lot of space, and it wastes money. Once you';re in position to start using a fulfilment center, you're helping to streamline your time and your costs, and that's always good business. Where do you look for a fulfillment center? Just Google it. But be SURE to locate a fulfillment center that's as close as possible, like same-city close, to your wholesale supplier. You DO have to pay for the one-time shipping of your bulk product order from the wholesaler TO the fulfillment center. Wholesalers are always located near cities, because they need the highway and railway infrastructure that cities provide. For the same reason, fulfillment centers are always located near cities. So it won't be hard to find one that's close to your wholesale supplier. I've toured fulfillment centers, and they are AMAZING. In fact, several years ago I got a chance to spend some one-one-one time with Roy Speer, the billionaire founder of the Home Shopping Network. VERY interesting guy who took a genuine interest in what we were talking about at the time. I really appreciated that meeting. Anyway, he got me a tour of the Home Shopping Network's fulfillment center in central florida. The place was gigantic. Warehouse space, conveyors, shipping stations, forklifts running around, loading docks full of trucks...if you ever get a chance to check out a fulfillment center first hand, you should. Quite the experience. So that's what you need to know about fulfillment centers. For much more critical and amazingly insightful EBiz information, get my FREE EBiz Insider Video Series at ChrisMalta.com. Thanks for listening, and I'll catch ya next time!
FeeX, the next startup by Waze co-founder, Uri levine, has already saved its users more than $300M. See how it's changing lives across the world.
We are anti-fee at LMM whether they be bank fees, credit card fees, or investing fees. Uri Levine from FeeX joins us to discuss avoiding investing fees. You probably go out of your way to avoid having to pay a $3 ATM fee but you might be losing much, much more than a few dollars through investing fees. Americans pay $600 billion in investing fees every year. That is 4% of the Gross Domestic Product! On an individual basis, you lose about one third of your retirement money to these fees over time. Types Of Fees Expense Ratio: This fee is charged for mutual funds, ETF’s and no-load funds. Expense ratio is what it costs an investment company to operate a mutual fund. Expense ratio is determined by a yearly calculation. The fund’s operating expenses are divided by the average dollar value of its assets under management. Operating expenses are taken out of a fund’s assets and lower the return to a fund’s investors. Plan Fee: If you have a 401(k), the provider may be charging you a plan fee for the privilege of holding your money. Your bank is already doing that! Advisory Fee: If you use a financial advisor, you’ll be charged a percentage fee. This is often negotiable. Real Dollars You might know what percentage you are paying but how much is that in real dollars? The average actively managed fund charges 1.25%. That doesn’t sound like much but over time, it adds up. It adds up to a lot. If you invest $100,000 in a fund with a 1% annual fee, which is less than average, it will cost you nearly $28,000 over twenty years, according to Securities and Exchange Commission calculations. If you had that $28,000 to invest, you would have earned another $12,000. How To Pay Fewer Fees Tailored investing advice is expensive. It might seem like paying a “highly trained expert” would guarantee higher returns than all those slobs who can’t afford an advisor are getting but a big chunk of those returns will be eaten up by fees and commissions. Under 1% is a good percentage to look for and you’ll find fees that low and lower with Index Funds and ETF’s. The average traditional index fund has a fee of 0.74% and the average ETF fee is 0.44%. Vanguard’s lowest fee fund is the Vanguard 500. The fee is 0.17%. Betterment charges a fee of 0.35% on the first $10,000 invested. If you’re choosing funds through your employer, it’s likely that no one in your HR department is an expert investment advisor so don’t count on them to explain the fees to you or even know what you’re talking about. Read the prospectus of each choice. That’s where you’ll find information about the fees charged. If you don’t like what you see, do some research on your own to find a fund with better fees and suggest it be included in the choices. FeeX As the saying goes, if you want something done right, or in the case, fairly, you’ll have to do it yourself. Uri was once charged thousands of dollars in fees on a retirement account. After lots of phone calls and time wasted on hold, he got the fees waived. But it made him wonder how many other people were being charged fees and if they were even aware of it. So he did the only logical thing; started a company to help root out those hidden fees and find alternatives. That’s when FeeX was born. FeeX will analyze your investments to uncover where you are paying fees and how much you’re paying. They will then find you cheaper alternatives with the same asset allocation. Learn more about your ad choices. Visit megaphone.fm/adchoices
Investment fees can literally suck hundreds of thousands of dollars out of your retirement accounts over your lifetime. What makes this even more aggravating is that as investors, we aren't even aware of some of the fees we pay because fund managers have gone through such lengths to obfuscate them. FeeX bills itself as the "Robin Hood of Fees" and Erik Laurence, the company's VP of Marketing and Business Development, joins us to talk about why minimizing fees is so important for investors and what we can do about it long term to improve our investing returns. ***Thanks for joining us on Tradestreaming Radio -- I'm very grateful for your time. It's awesome learning about these new tools and technologies together. If you're listening to this episode on iTunes, please give it a ranking and rating so that others know of the value you're finding in it. Thank you ahead of time.****