Published Oct 11, 2023

Post News Founder & CEO Noam Bardin on combatting misinformation in a new era of social media

Join Noam Bardin as he delves into his experiences from leading Waze to founding Post News, offering entrepreneurial insights on decision-making and transforming innovative ideas into impactful ventures, while tackling the pervasive challenge of misinformation in the modern social media era.
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Episode Highlights

  • Team Dynamics

    explains that the unique team dynamics at Waze were crucial to its success. The company had two distinct groups with different backgrounds and perspectives, which often led to intense arguments. However, this tension was productive and helped create a balanced product that combined social features with practical navigation tools 1.

    The tension between the two of us made it work. The social and the fun made it unique, but especially the beginning when our service was terrible. We needed to hook people to use the app, although we couldn't navigate them or anything.

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    This blend of ideas helped Waze transition from a gimmick to a useful utility app.

       

    User Retention

    User retention was a significant challenge for Waze, especially when the app's quality was lacking. recounts how they had to halt new feature development to focus on understanding why users were leaving. They identified key areas for improvement, such as adding text-to-speech and fixing navigation errors 2.

    We just began focusing on these ten items that we knew were deteriorating the quality of the service. And with every change we made, we would see the retention grow and see the active users grow and the driven kilometers grow.

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    This strategic pivot was crucial for improving user retention and overall app performance.

       

    Innovative Features

    Waze's innovative features were a result of bold bets and disruptive thinking. highlights how the team anticipated trends like the widespread use of GPS chips and the decline in mobile data costs. They also bet on users driving with their phones on, even on familiar routes 3.

    The idea that you would drive every day to work on routes that you know with your phone on and a GPS app, that was the big consumer bet that we made, and it turned out to be right.

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    These innovative decisions helped Waze evolve from a fun app to a practical tool that solved real-world problems 1.

       

    Growth Challenges

    Waze faced numerous growth challenges, including competition and market pressures. shares how they almost went bankrupt during their B round of funding and had to make tough decisions to stay afloat. They paused hiring and new feature development to focus on improving the core product 2.

    When things go well, you learn how brilliant you are, basically, and how wonderful you are and how everything you do is wonderful. But when things go bad, you really have to force yourself to learn to really understand what's going on.

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    These experiences taught them valuable lessons about resilience and strategic focus 4.

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