Theyre saying, Were starting this new service. If I was still there people usually ask what you do and then you can just say it: this is what I do and this is the company. I see you were there from 2002 to 2006. What did you learn from them? It wasnt really clear we were going to start a company for sure together Maybe hed be an investor in one of my ideas. July 30, 2020 makin' whoopee - youtube patriots news update. The interview isnt just with an interesting person who did interesting things but you expressed those ideas well and you told those stories so well that I was just jealously hanging onto this interview as much as I could. Part of it was driven by pictures that now people have because when SixDegrees existed there werent really digital cameras around very much. prints Downloads. Of course, the great thing about this particular business is that Reid and would always have lunch with one of our contacts, people that we know, thats how we network. They were around at the time. $58.4K - $91.9K. We aim to constantly update this indicator based on current trends and confirmed revenues. What you did was suck in the contacts from AOL or whatever, email, Outlook but you also said, These are the guys who are on LinkedIn. Konstantin: Thats the idea with the contact finder because people would be looking for a PHP programmer. Of course, it was an invitation system so you could invite other people but because sometimes when you start some people are really interested in using it for the business value because often we would need to connect the person that understood the company, a certain company, recruit somebody to the team. We dont want people to do it; its just going to be bad. We thought everybody would just be tapping into each others contacts, searching, requesting introductions, people would get really tired of making introductions for other people and people basically wouldnt make introductions. Same thing happened to Friendster and all these other networks. But the problem was nobody was applying to jobs because people didnt know it existed, that was not their behavior. Why did you get so much of it? So the recommendation had to come from a client. Most people though dont call her, but seeing a real number increases their confidence in her and they buy. But if you focus on the more intrinsic rewards and the people that youre going to meet then I think youll make a good choice. Theres much more trust in three degrees. Konstantin: I think it comes down to branding often. Andrew: One more question on members and then I want to go onto why you charge people money. $1.3B. Yan Pujante joined LinkedIn before it had a name, too, to build the website. And we found out when people tried to do a search what were the barriers? How effective was that? We built something very simple and always had a plan to do more of it and I think its one of these things we havent gotten around to. I founded LinkedIn. Or do you just let someone else at the table say it? The first thing is really how do you get distribution for this because thats where most Internet businesses fail. One was we didnt have that fast growth. For example, when we launched we didnt show you how many degrees someone was away because we felt that was a privacy violation to show that this persons a friend of a friend. Please enter your email address to continue, Create products people want (By building in increments). Its just over time that gets more and more powerful. Konstantin: It was a combination of two things. I expected this to be on your own personal estate. So it was better to actually not write so much about privacy, keep it really short and sweet than to explain it in great detail. Konstantin enjoys mentoring student and European entrepreneurs over walks and holds a B.S. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Konstantin Batygin Net Worth. You had some great questions and I hope it encourages other people around entrepreneurship because thats what makes the world go round. But the advantage of our audience is if its useful, not just fun, its more likely that people can pay for it so per user you can monetize much better. I was working always on the upload text, invitation text, the little how its displayed. So I needed something more like PowerPoint which provides the template where I just fill in the blanks. Almost guaranteed. Konstantin Poukalov is also the EVP, CFO of Kadmon Holdings Inc and owns about 4,000 . Our estimate may be low though. Europe, Menlo Park, China), Where the person is located (e.g. Two decades later, in 2015, LinkedIn . 9. Konstantin Guericke (September 19, 1967, Hamburg Germany) - was the vice president of Marketing during the early start-up phase of LinkedIn. To not show the friends that were already LinkedIn? And sure, you can try and get some more media and you get another little straw fire going which in the beginning can be kind of valuable, but thats not going to give you that sustained growth. Let's now take a look at the Top Social Media Platforms in 2023 that gives you a complete walk-through of sites that will help you to decide professionally:-. And so, one of the first things we had to add to the search box, we had to add the name field so people could search for the people they know. I invited Konstantin to tell us how his vision grew into such a big company. It started 9 years ago and has 198 uploaded videos. Konstantin Guericke is the co-founder of LinkedIn, a social network for business whose mission is to connect the worlds professionals to make them more productive and successful. He was also the CEO of Jaxtr, which provides cheap international calling from mobile phones and a network that enables mobile-to-mobile calling and where members socialize around the question What do you want to talk about?. Okay. YouTubers can earn an average of between $3 to $7 per thousand video views. And the networkers were also very active but they would just want to and enlarge their network. In fact, the Harvard Business School has a case study just covering that very case, all the thoughts that went into that. He kept his LinkedIn stake, selling $1.3 million worth in the IPO, the New York Times reported. Because LinkedIn created the API because LinkedIn knew they couldnt cater to all segments equally well and do that. So give me a setback. : #konstantin . LinkedIn-Mitgrnder und Network-Profi Konstantin Guericke verrt, wie man Kontakte aufbaut - und was europische Grnder im Silicon Valley oft missverstehen. Last Updated: 02 July 2021 * If you want to update the article pl Now the thing we decided for LinkedIn is we wanted to be very clear that where were about is not the same as Friendster. 2022 Billionaires Net Worth. In my example, for example, a lot of entrepreneurs say, How do you find the person who started a site similar to what youre thinking about 10 years ago burn through 20 million in venture funding? Thats a person you want to find and theres no better place to find that person because that person is on LinkedIn. Someone is going to suffer and it usually is your family. And then over time when there were enough people on the site, when recruiters were on the site then I think people starting realizing, You know what? Konstantin: Well, I remember we looked at doing something around time capsules so people can pass something on like a digital time capsule to their friends and things like that. It was a phenomenal site that really hit the sweet spot and got crazy adoption. Er wurde durch das Business-Netzwerk zum Millionr und wei, worauf jeder . Konstantin: [INAUDIBLE] to some extent [INAUDIBLE]. And so now its much more interesting to look at a profile with a picture. Number of shares pre-offering: 14,047,978, Number of shares pre-offering: 16,840,309, Number of shares pre-offering: 19,066,032. Maybe I would take one of his ideas and run with it. Allen Blue joined LinkedIn in 2002 as a cofounder and today is VP of product management. Andrew: Youre a much better person than I. I would get a tee-shirt made and it would say LinkedIn with the logo and underneath say, Yeah. Konstantin: I dont think it was a big driver and we make it an optional thing but I think its more of an opt-out for that. Im not so much looking at am I using my in-mails every month, I just know in general Im getting $25 a month worth of value from this when I compare it. We met on a panel at the avatars conference. And I got an email saying, These are people who you might know from Dale Carnegie. And basically what you guys did was pull other people who wrote Dale Carnegie and you let me connect with them with the idea that after I connected with those people who worked at Dale Carnegie and I say Great, LinkedIn just reintroduced me to old friends, I might also go out and reach out to other people at Dale Carnegie and say, Hey look, were all over here talking. So, that addsand I dont want to make an introduction for someone else because its going to reflect on [INAUDIBLE]. I didnt do it to earn money. So try this: go to Grasshopper.com and get a phone number that will make your company sound professional. Copyright 2020 - 2023 Net Worth Spot. Why dont I just connect with these 100 people and if I like it on then later maybe invite people? So these three things were really in People Map. It has forever changed how we find jobs and network with business colleagues. Konstantin: Yeah, we would meet. This guys got it right. Big question for today is how do you build a site that over 80 million business people become members of? It's actually a myth about how to make money on Facebook Konstantin Guericke is an entrepreneur who was most recently CEO of jaxtr, a social communications start-up with over 10 million registered users that was purchased by SabSe Technologies in June 2009. My name is John. They werent adding that much to the system. Wed also seen Friendster starting to really take off on the social side. Why not launch it earlier? Im sorry, the audio just cut out. Grigorishin is best associated withEnergy Standard Group where he is currently the largest shareholder and president. Technical stuff.". 2 SlideShares 1 Clipboard 11 Followers 381 Followings. If you have an idea to sell anything, set up your store on Shopify.com because Shopify stores are designed to increase sales. What are you trying to get done? Normally the ad cost for an Instagram ad post is based on the number of followers on the account. Founders - Reid Hoffman, Eric Ly, Jean-Luc Vaillant . The estimated net worth of Konstantin Poukalov is at least $6 Million dollars as of 2022-12-21. Scott Edward Walker is the entrepreneurs law. It was a lot of little things and really our growth at LinkedIn has been very much like a machine. To show off this guy is a pro-member and a paid member. LinkedIn might have gotten screwed out of $130 million, but the early members all did pretty well for themselves. And so we looked at these segments and we basically went with the searchers because they fit better together with the rest of the site which are these relationship managers, because they would just every once in a while, contact somebody. But now Im a consultant, Im not a full time employee and my passion is more different entrepreneurial things that Im working on. That list included a startup that went from $0 to $10 million in annual revenue in four years before being acquired (Netmosphere bought in 1999 by Critical Path). Too big? I use it quite regularly and the results are very good. But the important thing to know is some people think, Were viral but you cannot count those people because that media attention is just going to be a little straw fire that keeps you going for three or four days and then is just going to die down. Headquarter- Sunnyvale, California, United States. Andrew: Didnt other social networks already do that when you launched? What did you guys feel internally about that? What part was not useful? Or something like the LinkedIn answer section. Konstantin: Yeah, sure. )," he described in a blog post. So really when you track your virality you should actually subtract all those people out who came to your site where you dont know which user brought them to the site because thats not going to be sustainable. Chris Saccheri was part of the founding team of LinkedIn, responsible for building the website, a task he worked at for almost nine years. Andrew: I see. Im an engineer by training. At an estimated net worth of 1.9 billion dollars, Reid Hoffman has made a name for himself as a digital entrepreneur, venture capitalist, and author. Im wondering, early days, 03 people hate you. Just imagine you have a car, another car comes by and goes faster and the next car goes faster. LinkedIn wasn't the first wildly successful tech companies he joined early. I mean Im not doing it now. Andrew: So, you guys would get together one-on-one on a regular basis, you and Reid Hoffman, and just talk about different business ideas that you had? I also have kids and theres lots of problems that you see as a parent and toys and kids. Liked by Konstantin Guericke. Konstantin Guericke, son of a north German teacher couple, studied at Stanford University in the United States. And how did that come about? All right. Plus, they could attend speaking presentations. Born in Ukraine, this 47-year old billionaire is a graduate ofMoscow Institute of Physics and Technology. Reid Hoffman is a Valley A-lister, worth almost $4 billion. David Eves was another SocialNet alum who hopped on when the SocialNet gang all got together to start LinkedIn. Its kind of like Facebook Connect. Andrew: Ive been unfair with you and your time. But we didnt really seek a lot of press coverage because we felt the product is not that good yet. About. Why do you think they didnt make it in the field that you were jumping into? Here we are updating just estimated networth of Konstantin Batygin salary, income and . Why not charge them? So theyre very happy with that. Konstantin: If thats important to you. It is very hard once you establish a brand for something specific its hard for people to look at it in a new way. Not that interesting to college students. I forgot. 5x7 $20.00. Youll hear us mention in this program a lot of social networks that flopped. Konstantin holds a B.S. However, it's uncommon for YouTube stars to rely on a single source of revenue. It wasnt like I just all of a sudden left and he said, I could see how that may make sense, and he ended up investing in the company as well. Monthly Active Users - 774 million. And how they planned to make it to be social so users would promote it. And as long as you learn the lessons theres a good chance itll pay off. 19 Sep 2013. Reid Hoffman completed his graduation from Stanford University in 1990 and post-graduation in Philosophy from Wolfson College, Oxford in 1993. . Today he's a partner in Earlybird Venture Capital and a mentor for his alma mater, Stanford. So how are they going to pick you? And also I kind of wanted a self-updating address book because it was a real pain to keep in touch. So its structurally impossible to charge them for what they really wanted to do. It all started with a series of walks thatKonstantin Guericke took with his future LinkedIn co-founder, Reid Hoffman. And so, the other important thing that we focused on is this introduction system, that not everybody on the site can just contact everybody else. Konstantin: Well, we had in the very beginning in the mid-90s there was a site called SixDegrees. Why can you not get more of these people to use this? Like search engine optimization for your LinkedIn profile because this is where a hit can really matter, it can change your career, it could change your relationship. Id like also to understand the landscape at the time, in fact, the history that you were looking at. Thats not bad. So we grew very rapidly but you could see once that burst was gone the product had to work on its own because we couldnt call up the friends our friends encouraged to invite them so the product be good enough. . Especially, I tend to like things that relate to utility where something helps people opposed to fun and entertainment. Konstantin Solovyev 's revenue is $1.6M in 2019. So thats definitely a struggle. Check out their features and youll see why Grasshopper isnt just a phone number, its the virtual phone system that entrepreneurs (like me) love. Russian businessmanKonstantin Grigorishin has an estimated net worth of $1.2 billion as of March 2013 according to Forbes. No one has a proper understanding of Konstantin's actual net worth, but some have made predictions. And whats going to make someone, even if you show up in the search results, whats going to make them pick you? Its not something Im currently working on but I am thinking about this problem. So it seems like LinkedIn is very steady and we dont really have, in the business realm, much competition anymore except for in a few small regions so but we did the address book. So I was starting, after three years, I talked with Reid and said, I need some more brain food here. So I started joining advisory boards. Edit Events Section. Who wants to write a resume for fun? You have a very small sales force. I think its a very good idea to do it when youre young because I did it when I had my first daughter and it was a very difficult trade off because theres always more to do. How Drip started as a widget and was acquired by Leadpages for a How a list nerd grew Ranker.com to 27,000,000 monthly visitors. Lee Hower was part of LinkedIn's founding team in 2002. Can you talk about it what was that other social network? We were both doing virtual worlds, virtual communities. LinkedIn co-founder Allen Blue on India ambitions, Whitney Bouck Joins Whitepages Board of Directors, RallyPoint Networks, a LinkedIn for Military Vets, Adds $5M, RallyPoint: How Two Veteran Entrepreneurs Are Changing Social Media, RallyPoint: The Social Network for the Military. If youve read his articles on Venture Beat, you know that he can help you with issues like raising money or issuing stock options or even deciding whether to form a corporation. And the other one is what I mentioned: we have a lot of users on the site who are just using 5% of the functions and the really valuable stuff theyre not using. He says, "I tried to be a manager for a while, and I realized that it is not something I enjoy very much.". Thank you all for watching. Its like one thing, you start a company and you can see Friendster just grow really quickly and see MySpace grow very quickly and Facebook grow very quickly and youre making progress but just not at that rate. The channel may have additional revenue sources e.g. Konstantin: Its hard. Konstantin: Lets see. And we would just meet once a week and go through one idea at a time and bounce them off of each other. And he really does play the bagpipes. Look at the biggest point that she made. He didn't stay long at LinkedIn, either. Now its obviously a little harder to get someone to subscribe but we offered both. And when I heard the phone ring somewhere around, it must have been about noon your time, I said, Hes got to go. And we also felt if were providing utility one way to measure whether its truly useful is if we can get people to pull out their credit card. as . The net worth is calculated based on the publicly available CPM (cost per thousand views) paid by advertisers. He left in 2006 to found another startup, Presdo, an app that helps attendees of events meet and network. Allen Blue, and Konstantin Guericke. And the other beneficial thing was that often they were able to get the company to reimburse it because they were using it for company purposes, for business development, for recruiting and then they would simply make the decision and the company would pay for it so it was an easy decision for innovators to make because ultimately the employer pays for it. I love the people that you work with who are also attracted to that even though, as I mentioned, those virtual worlds things that Reid and I did completely failed at, we met some great people that way. Konstantin Guericke is a Senior Vice President at HCF Management based in Lima, Ohio. How Zee Ali went from selling cigarettes in the hood of Chicago to selling LeadPages founder on why you should be embarrassed by your first launch. Or for a conference [INAUDIBLE] LinkedIn is a good value. So for a lot of users, it was actually interesting, it was almost like a donation where they felt they owed LinkedIn something because theyd been using it for free for so long. I had not really known much about mobile and telecommunication. Konstantin: There was very few that created a measurable spike. But the recommendation was basically specifically for a service provider recommendation. Konstantin Guericke is an entrepreneur who was most recently CEO of jaxtr, a Palo Alto social communications start-up with over ten million registered users that was purchased by SabSe Technologies in June 2009.
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