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Mike Walrath

Chairman and CEO of Yext (NYSE: YEXT); previously founded Right Media, sold to Yahoo, and co-founded Moat, sold to Oracle.

Nov 6, 2025

7:11
What is now in place?
7:13
So let's think about it.
7:16
Let's use Land Rover as an example.
7:17
So Land Rover, you know, I drive an old Defender.
7:22
They have a new Defender.
7:23
It's an amazing automobile.
7:25
I don't own one.
9:21
Right, they know the brand, you get them to the website, they're in the funnel, you can pull them down.
38:00
What are some of the first things that you kind of set out to change and based on the landscape in which you saw at that moment too?
38:09
I'm always careful with this because it sounds like a lot of criticism when you look back and say, okay, here are the mistakes that we made as a company.
38:18
First of all, I was the chairman of the board for 11 years, 12 years.
38:23
These mistakes are all my mistakes.
38:25
I want to be really clear about that.
38:27
The second is, in this environment, there were several things that were driving you know, I think a market and as a public company, you know, you almost can't help but be swept along.
38:39
So the first thing was, and we, you know, from 2020, let's say the 20 or 2019 to 22, nobody cared about efficiency.

6 MINS LATER

44:20
Yeah.
3:49
How comes that came about, as you said, so unexpectedly, given that point in life, like why take on this opportunity?
3:57
Yeah, it was.
3:58
I mean, this has been a really interesting journey.
4:00
So so Howard Lerman, Brian Distelberger really founded the business along with the third founder who wound up leaving the business pretty early.
4:13
So they started the business in 2006.
4:16
By 2008, it was clear that the original business that they had started was it was a good business, but it wasn't going to scale and it wasn't.
4:24
software business.

9 MINS LATER

13:09
And then perhaps the second part to that is like maybe with Yext as, let's say, a software SaaS native company and how it's thinking about AI, what you're doing around that would be good to understand.

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