Apps and downs of disruptive tech
Waze developer Uri Levine is constantly abuzz with new ideas
Waze has changed the driving habits of the more than 250-million drivers around the world who use it today. Use the traffic and navigation app once to find a place you've never been, and soon you're hooked, using it to get to places you go to routinely via the most efficient route that bypasses heavy traffic, potholes and traffic officers. Uri Levine, co-founder and former chairman of Waze and a serial entrepreneur, recently spoke about his experiences and business insights at a presentation at Tiso Blackstar in Johannesburg. Disruptive technologies Levine, who is based in Tel Aviv, Israel, has focused for 30 years on developing hi-tech projects, disruptive technologies, strategies and start-ups. Waze, of which Levine owned 3%, was sold in 2013 to Google for $1.1bn, the highest price paid for an application at the time. "We built Waze formally in 2008 and launched it formally in 2009. By that time I knew I was going to build FeeX for financial fees, but I only built that in 2013." E...
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