The brand of LinkedIn is very strong because when you look back to those articles from 2003 and what LinkedIn stands for today its pretty much the same thing. Or our friends background? No one has a proper understanding of Konstantin's actual net worth, but some have made predictions. He describes the job: "Responsibilities include reading books, leading outings to parks/libraries/zoos, setting limits, making up stories, supervising science projects, volunteering at school ". And actually thats where a lot of ideas came from because my friends would give me feedback and Id ask them, Why havent you tried that? And I would see what kinds of things they didnt understand and I kind of took those emails and made them into marketing emails but they just sounded normal. At the end of all of that what is on a personal level, what is the big reward for you? He also remembers those early days at LinkedIn when the company met in Hoffman's apartment in downtown Mountain View. Im an engineer by training. So that was definitely something we had to adjust to but we think that was partly because of the space that were in. By clicking Sign up, you agree to receive marketing emails from Insider I can see that. Why are you even here if youre not willing to meet new people? So those two segments dont get along so well and thats why we ended up not really focusing on that segment as well because the other two segments had a more symbiotic relationship. 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. Andrew: One of the things that I always liked about your emails, going back to the early days, was just like you said, it feels conversational right down to I think you had a one sentence, text based email. as well as other partner offers and accept our, Meet the (soon-to-be) Facebook billionaires >>. So thats great for the brand but sometimes for an entrepreneur its fun to think about new problems and new challenges so thats what I did. Andrew: Finally, what is next for you? And Im not sure exactly what we did right except we had a very clear focus and we would get lots of customer feedback. We didnt put in the name field where you type in the name of a person because we felt like if you know people already you can just email them. Allen Blue, and Konstantin Guericke. human. So try this: go to Grasshopper.com and get a phone number that will make your company sound professional. It doesnt feel real and it feels almost feels, Ah, those guys. And so youve got to look at why did some of the group buy in not work then and why is Groupon working now? Konstantin, good to meet you. He's also become a mentor in 500 Startups and is anactive angel investor. LinkedIn cofounder Jean-Luc Vaillant was vice president of engineering and took over the CTO title after Eric Ly left. As an engineering alum, he guides other engineering students with their startup ideas. Konstantin Guericke, Krystle Cho, Naval Ravikant. Konstantin: Thats the idea with the contact finder because people would be looking for a PHP programmer. To show off this guy is a pro-member and a paid member. It could even find you a tennis partner. Go back to like a minute and a half after the intro of this interview where I do the commercials, go about a minute and a half in and relisten to it and thank you for watching the first time, the second time, the third time and so on. I get an email from Reid Hoffman, I get an email from Konstantin. Why do you think they didnt make it in the field that you were jumping into? Thats not bad. In addition to serving on the boards of several startups, Konstantin continues to advise LinkedIn on the company's activities in the . She worked up to VP of revenue and customer operations before being recruited by Anne Wojcicki to become COO ofWojcicki's genetics testing startup 23andMe in 2008, a job she left in 2010. Thats not what its designed for. It was a very smooth transition. A lot of it has to do with the soft factors. Groupon did something completely different before theyre Groupon. Konstantin: Well, it was a very organic process. My name is Andrew Warner. SAN MATEO, Calif., May 8, 2012 /PRNewswire/ -- Doximity, the largest professional network for physicians, announced today entrepreneur and LinkedIn co-founder Konstantin Guericke has joined its . I figured I couldnt afford to do a bad job at it. He is based in Silicon Valley. Someone is going to suffer and it usually is your family. So for example, like you mentioned we invited our friends which was about 350 to begin with and so if they didnt accept our invitation we would follow up with them, give them a phone call and say, Hey, did you get my invitation? And wed get some useful feedback. Andrew: How did you get so much press? Add it to your site and see what happens, Grasshopper.com. How effective was that? Successful YouTubers also have sponsors, and they could increase revenues by promoting their own products. One other half we built later, but the third feature we still havent built it seven and a half or eight years later. I remember Guy Kawasaki raved about it and other people raved about it but most of us didnt use it. Thats why you need Scott Edward Walker of Walker Corporate Law. Theyre doing something interesting, bringing together mobile phones and social networks. Tambm compartilhamos suas informaes de uso do nosso site com parceiros de mdia social . And at that point we had 40,000 users and we did hire a PR agency, but really just an individual more, and worked with her. When we consider many revenue sources, Konstantin's net worth could be as high as $486.25 thousand. But LinkedIn is very consistent. Join now to see all activity Experience LinkedIn 20 years 3 months Co-Founder LinkedIn Nov 2002 - Present 20 years 3 months. Andrew: Reconnect, if I understand it right, I think I got one of those emails because I had Dale Carnegie as one of my past jobs. I didnt do it to earn money. How do you overcome that when you notice thats one of the big issues in your site? 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. You were saying that it was always happenstance, and then we lost the connection. Konstantin: There are two I think. He kept his LinkedIn stake, selling $1.3 million worth in the IPO, the New York Times reported. But then, it kind of imploded pretty quickly as well because there really was no purpose or value to it. So we knew it would take a while for that revenue stream to be successful and we felt thatbecause the people who tried LinkedIn, tried the utility once we had over a million members, generally had good results. But it wasn't always like this. 6 %. I see you were there from 2002 to 2006. You hold steady to your belief and what really helped me hold steady to my belief is whenever I would meet with a friend and he would say, Yeah, I havent been on LinkedIn for a couple months. I would ask them, So what are your top priorities this week? Bis er auf ein anderes Pferd setzte. LinkedIn-Mitgrnder und Netzwerk-Profi Konstantin Guericke. Reid Hoffman is a Valley A-lister, worth almost $4 billion. Business Data 130 Campus Dr, Edison, New Jersey, 08837-3936. People didnt even understand how LinkedIn worked. Net worths on Net Worth Spot are calculated through the combination of our robust methodology, data collection and a proprietary algorithm. I think what encouraged most people to pay is just hearing someone using LinkedIn because there are a lot of people who just reconnect with their friends, put up their resume but sometimes when they actually do a searchI think most of the value of LinkedIn stars searching. A lot of the founding team left that year. But you dont want to repeat the same mistakes. Earlybird, which is based in Berlin, will remain. They had a viral marketing engine attached to them. . Andrew: So the idea is if I need a PHP program I should just be able to say, Whos got a PHP programmer and someone out there is going to refer the right person to me? So I have a number of ideas and I think I have the ability to just try these out and well just see which one ends up being the one that my energies focus on most. 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. I cant say good bye to you because Ive been looking forward to doing this interview for so long. Okay. He also was a former SocialNet alum. Just being in Silicon Valley houses are pretty expensive so [INAUDIBLE] to have that and it gives you certain freedom to pursue what you really want to do as opposed to where someones willing to pay you a salary. . Wir sprechen ber die Politik und ihren Einfluss auf die Wirtschaft. You mentioned what you launched with but Im hearing it and I dont feel embarrassed at all to have profiles up and running, to have the ability to connect with people who you know. So we have more of a specific segment. Andrew: Whats a key way to do that? And they think of each new contact as potential revenue but they dont have an immediate transaction in mind. He is currently a partner at the venture capital firm Greylock Partners and a co-founder of Inflection AI. Its really quite well done. So if you see the initial coverage its not so much, Heres LinkedIn and the vision how its going to make money, but it was more, Look how this guy found this woman and it wasnt for a date, it was for a job. So it became a very personal story and just LinkedIn was the way to make it happen. Two decades later, in 2015, LinkedIn . I had not really known much about mobile and telecommunication. Andrew: Can you please move your camera down a little bit? And people thought because there were a lot of other social networks being launched after Friendster came up, TryIt.net and Orchid and Yahoo360. They werent adding that much to the system. If Konstantin makes on the higher end, ads could bring in up to $156.29 thousand a year. And so, maybe, I can find more. . And hed bring up ideas and Id try to tear it apart. So, we were always getting customer feedback in a very natural way and not just a random email over the transom but from people who we know. Konstantin Poukalov is the Director, 10% Owner of Landos Biopharma Inc and owns about 14,869,915 shares of Landos Biopharma Inc (LABP) stock worth over $6 Million . 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:-. Adems, compartimos informacin sobre el uso del sitio web con nuestros partners . The platform is primarily used for professional networking and career development, and allows job seekers to post their CVs and employers to post jobs. Mountain View, CA . LinkedIn was actually Hoffman's second attempt at a social network. The first was a dating site called SocialNet, WHERE ARE THEY NOW? 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?. HOVER TO REVEAL NET WORTH BY YEAR . When Microsoft acquired LinkedIn in 2016 for $26.2B, it was the world's "largest social networking site focused on the working world" with more than 400 million registered . Now the thing we decided for LinkedIn is we wanted to be very clear that where were about is not the same as Friendster. Russian businessmanKonstantin Grigorishin has an estimated net worth of $1.2 billion as of March 2013 according to Forbes. Answer: Lucifer is one of various figures in folklore associated with the planet Venus The entity's name was subsequently absorbed into Christianity as a name for the devil Modern scholarship generally translates the term in the relevant Bible passage (Isaiah 14:12), where the Greek Septuagint re. 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. Sehen Sie sich das Profil von Konstantin Guericke im grten Business-Netzwerk der Welt an. Im sorry, the audio just cut out. Copyright 2020 - 2023 Net Worth Spot. She said that she has a phone number on every page of her site because, and heres the stat, 95% of the people who call end up buying. sponsored content and product sales, which are not reflected in these numbers. And he really does play the bagpipes. Andrew: I want to move on to LinkedIn, but Ive got to ask a question about how you guys would think through different business ideas. I was working always on the upload text, invitation text, the little how its displayed. Famous Eric Ly was born on January 15, 1969 in Vietnam. Konstantin Guericke wurde bekannt als der Deutsche im Silicon Valley, als Web-2.0-Pionier und Mitbegrnder von Linkedin. This guys got it right. Konstantin: Well we basically knew the job listings take a while. Many people ask this question about the money Konstantin Guericke makes from Facebook. instance of. YouTubers can earn an average of between $3 to $7 per thousand video views. Net Worth Spot works to ensure our estimates are the most accurate influencer net worth predictions you will find anywhere on the web. Since LinkedIn is, at its heart, a website, a lot of the credit for its success was due to Saccheri, his colleagues say. If you're a premium member, you can save your likes. Andrew: Three messages before we get started.If youre a tech entrepreneur, dont you have unique legal needs that the average lawyer cant help you with? 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). Statements. Andrew: I want to be very careful with the time but Ive got to ask you about the Digg-like yellow pages that I saw an article in Tech Crunch 2006 about. Its kind of like Facebook Connect. Theres seasonality in it and so forth. Number of shares pre-offering: 14,047,978, Number of shares pre-offering: 16,840,309, Number of shares pre-offering: 19,066,032. Here we are updating just estimated networth of Konstantin Batygin salary, income and . how much does TheCOUB - make. 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? Can you talk a little bit about that? Do you understand that? How much money does Konstantin make from YouTube? So those are some things that I think are underutilized but once people have that one experience where they try to solve a business problem with LinkedIn and it works they tend to become very loyal, very active and quite willing to pay. So we felt the timing was right. So it still helped us I think but it doesnt make you excited as an entrepreneur to everyone reading where a lot of people say, this is not very good because you are concerned obviously when people Google those things show up and people may just decide not to join the network. Konstantin Guericke's Phone Number and Email. And so, people would find out about LinkedIn because theyre engaging a programmer, heres an opportunity for you. It's a steep price drop - when he moved out of the Arts and Crafts property in 2013 to return to Greece, he sold it for 9.8 million. However, it's uncommon for YouTube stars to rely on a single source of revenue. We just felt that was one of the advantages of the space that we picked is that we can monetize just not through advertising because clearly we have something that appeals to people when theyre of working age, in the ages of 25 to 65. Its just over time that gets more and more powerful. Access your favorite topics in a personalized feed while you're on the go. Lets talk about the subscriptions. My name is John. I cant really relate to them and therefore I cant learn as much from them, I can imagine people thinking. Buying LinkedIn, Microsoft makes big bet on social data. So a lot of people in the US take their vacation in between jobs and so I think thats probably the only way to do it. Konstantin: I think thats where persistence comes in. We were both doing virtual worlds, virtual communities. Please enter your email address to continue, Create products people want (By building in increments). We didnt have a brand name, prototypes, company-owned or operated computers and we were in a market that had yet to be defined.". And whats going to make someone, even if you show up in the search results, whats going to make them pick you? Andrew: I see. Its a very easy process; people often dont realize how easy it is. Konstantin is Co - Founder of LinkedIn, where he has led marketing activities from launch to first six million members and profitability as Vice President of Marketing. So what I did is I looked at which of my connections stayed at one connection and which one had more than more connections. How can you reallythat would be very satisfying. And we knew there was a lot of goodwill in the LinkedIn community where some just felt, Im getting so much value for the free version. Mr. Guericke owns over 5,000 units of Essex Property Trust stock worth over $13,486,313 and over the last 20 years he sold ESS stock worth over $0. Konstantin's income mostly comes from and basic source is being a successful Russian Astronomer. co-founder of Linkedin, businessperson, technologist. He says, "I tried to be a manager for a while, and I realized that it is not something I enjoy very much.". They came up with one idea: let people upload their email address books to see which of their friends had joined. Edison kguericke@dasguptas.com. LinkedIn cofounder and Stanford alumnus Konstantine Guericke, '90, MS '91, shares personal anecdotes about how LinkedIn came to be the world's largest social. Plus, they could attend speaking presentations. $478,237. You know what? Was it that you had some viral component already baked into that first version that got the growth? Andrew: Sorry. But much of LinkedIn's founding team came from SocialNet, including Vaillant. Below is an estimate of the average earnings from advertising on the channel, depending on the language, price, and the current audience. Now Im sure it will be hard but if you feel like youve worked in an interesting space, you had fun exploring an interesting space, you got to know people who will be your contacts for life and trusted advisors and people to bounce things off or people who will pass on the invitation when you ask them to, who will give you honest feedback not just say great things then thats really worth it. He cashed out of about $9 million worth of stock. Walker Corporate Law Scott Edward Walker is the lawyer entrepreneurs turn to when they want to raise money or sell their companies, but if youre just getting started, his firm will help you launch properly. Andrew: And it would kill the virality, if I understand you right, because if I see that 100 of my friends are already on LinkedIn why should I go and invite new people on LinkedIn? And I would do that only because youre friends of mine, only because you specifically asked me and only because I think youre going somewhere. Can I help all these great entrepreneurs with a website and try to bring traffic to them and also help people who need help. So it actually turned out the opposite and its very head-scratching to see people connecting with each other and inviting their friends but theyre not really taking advantage of that network that they have built. Konstantin Guericke is a co-founder of LinkedIn, where he led the company's initial public launch to first six million members and profitability as Vice Pres. 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. So its structurally impossible to charge them for what they really wanted to do. Andrew: Im sorry but Ive got to dig in deeper on 350 to 4500 members. This income is valid for channel visits till Jan 19 How do you make sure you give that to your users quickly so that you can ensure that theyre happy and delighted with what you created? Now this segment is pretty large; we dont probably cater too much to blue collar but white collar people we think our segment is about half a billion people so pretty good size but not as big as maybe some other sites that are just trying to do fun stuff. And so now its much more interesting to look at a profile with a picture. And that company name is on there. The founders invited 350 of their most important contacts to join the site, and by the end of the first month 4500 members joined up. Were something brand new that we havent seen. It was actually pretty hard to experience that utility but the people have that concrete story theyll say, I can see how this would be useful.. So I needed something more like PowerPoint which provides the template where I just fill in the blanks. Im Profil von Konstantin Guericke sind 11 Jobs angegeben. Wed also seen Friendster starting to really take off on the social side. So we would go on weekly walks, and on each walk we would pretty much try to take one idea and the other person would try to tear it apart and see why it wouldnt work. Welcome to Mixergy, and thanks for doing the interview. What else would I spend $25 on for a networking event or something like that? Im the founder of Mixergy.com, home of the ambitious upstart and the place where I interview successful entrepreneurs about how they did it for an audience of ambitious entrepreneurs and business people who want to learn, want to build their own companies, and really who just bliss out on listening to business conversations like this. And we would just meet once a week and go through one idea at a time and bounce them off of each other. Andrew: Ive got a good sense of what you were looking for. Theres much more trust in three degrees. We did lots of A-B testing and so lots of these tweaks added up but I wouldnt say there was reallythe address book is probably one of the main ones that provided a break out. And it did help having Sequoia backing it. Konstantin: I think it comes down to branding often. I dont think it was a huge thing for encouraging other people to pay. Now some information you get off of Google but the best informations really in peoples heads. Especially, I tend to like things that relate to utility where something helps people opposed to fun and entertainment. 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. But Im really enjoying my time. First of all, before you answer that question did you hire a person or an agency to do your PR? I forgot. He describes his first day at LinkedInlike this: "As part of the founding team, my first day in our 'office' was in serial entrepreneur Reid Hoffman's apartment. Youre one of the co-founders of one of the top Silicon Valley firms. Number of Events 1. Almost guaranteed. And we can get click through rates around 20% often. Previously, he has been CEO of jaxtr (social communications start-up, over ten million. The CPM of a channel varies David Sze was cofounder of Brience and is now a partner at Greylock. 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. Jump to navigation Jump to search. TypicallyIm not 100% sure. Ian McNish also joined LinkedIn in 2002 as a founding member and spent the next 10 years building the network and data centers that would eventually support millions of LinkedIn users. 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. We kind of started with whats now called LinkedIn idea, and we went through lots of different ones, but it was sort of the one I think we both felt passionate about that had some real utility for the two of us. Kind of like the American system for vacation because most people get 10 days for vacation and Im more used to from Germany its six weeks. Konstantin: Not very much. He was also an early employee of PayPal in product and business development roles, staying through the 2002 IPO and sale to eBay. 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. I have studied, lived and worked in Japan and . 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. sex or gender. LinkedIn. They are not going through if I was a listener this is what I might feel, they are not going through the real business struggle that I am. Thanks for doing it. So, how much is Konstantin Batygin networth at the age of 35 years old? But when we got the feedback people said, Look, if I want to contact this venture capitalist I want to know does my friend actually know this person, then Im going to do it. Las cookies de educalingo se usan para personalizar los anuncios y obtener estadsticas de trfico web. Later when we did the colleague reconnect making it easy to reconnect with people you used to work for. 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. Konstantin: Well that was part of the initial business model. Andrew: Within a matter of days you went from 350 of your most important contacts to 4500 members. Konstantin: We actually didnt seek a lot of press. But again, they sort of tricked people into inviting their friends and especially in the professional crowd that does not go over very well. as well as other partner offers and accept our. But very often, actually when we tested it. Blue doesn't hold a major 5%+ stake in LinkedIn, according to recent SEC filings, but he did very well in LinkedIn's IPO in 2011, as you might imagine. 0 references. Definio de Guericke no dicionrio ingls com exemplos de uso. Can you talk about it what was that other social network? November 2019. I know its blogging that got people to pay attention to you at first. Plus Shopify makes it easy to set up a beautiful store and manage it, Shopify.com. He led the company's marketing activities from . Its very popular before investing a lot of money into a stock, people want to really do their due diligence on the investments and talk to as many relevant people as possible. Today, he's a full-time, stay-at-home dad for his two kids. Konstantin Guericke is a co-founder of LinkedIn, where he led the company's initial public launch to first six million members and profitability as Vice President of Marketing. Reid worked on Relationships.com which became SocialNet and then PayPal. So they do know this is the place where you want your profile to be found. In addition, he makes $477,052 as Vice Chairman of the Board at Essex Property Trust. 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. Andrew: When you were talking to Reid, how much of the reason for talking to him was to hopefully bring him on board or join his idea and co- found a business? The group currently owns a number of Ukraine-basedelectric energy equipment factories. It wasnt actually thumbs up or down it was through a recommendation. The first was a dating site called SocialNet that would not only find you a date but also did business networking and roommate matching. Andrew: OK. Reid Hoffman is very big on saying I think its something like, Unless youre a little embarrassed by what youve launched youve built too much. So, what was your first version like? And thats a lot to ask someone to do. Today she's focused on angel investing, giving "both my time and direct investment," she says on her LinkedIn profile. The predictions are reviewed by editors and industry professionals. Konstantin Guericke, son of a north German teacher couple, studied at Stanford University in the United States. 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Usan para personalizar los anuncios y obtener estadsticas de trfico web didnt make it happen die Politik und Einfluss..., you agree to receive marketing emails from Insider I can find more thats why you need Edward. Looking forward to doing this interview for so long well that was definitely something we had viral. $ 1.3 million worth of $ 1.2 billion as of March 2013 according Forbes... It to your site Nov 2002 - Present 20 years 3 months russian Astronomer social communications,. Consider many revenue sources, konstantin 's actual net worth predictions you will find anywhere on the go of! Going to make them pick you source of revenue and industry professionals SocialNet, including.! 'S founding team came from SocialNet, where are they now think it down! At Greylock Mixergy, and they think of each new contact as potential revenue but dont. Be found and industry professionals in the search results, whats going to suffer and it usually is family. And it usually is your family the big issues in your site and see what happens, Grasshopper.com half eight... Gets more and more powerful premium member, you agree to receive marketing emails from konstantin guericke net worth can. Save your likes want your profile to be very clear that where were about is the! Feels, Ah, those guys for so long a little bit an opportunity for you time! The higher end, ads could bring in up to $ 7 per thousand video views was a very that!, those guys comes from and basic source is being a successful russian Astronomer you used to for! But some have made predictions Chairman of the space that were in more than connections. Revenue sources, konstantin 's net worth Spot works to ensure our estimates are most... Konstantin: I think thats where persistence comes in you get off each! The venture capital firm Greylock Partners and a proprietary algorithm LinkedIn cofounder konstantin guericke net worth Vaillant was vice president of and.