konstantin guericke net worth
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? I get an email from Reid Hoffman, I get an email from Konstantin. Konstantin: Oh, this happened to be, who did my former client have lunch with the week before and mentioned it? People just have a certain perception of what Digg is about and for LinkedIn for a lot of people its a place for your record, where you reconnect with colleagues and have a place to park your resume. Edit Events Section. In fact it stuck around; when we launched we were the Friendster for business and three years later were the MySpace for business. Many people ask about the amount of money Konstantin Guericke makes from Instagram. On an internet where foreign governments treat Facebook like Gutenberg's printing press and white supremacists breed hate speech in Twitter's petri dish, perhaps LinkedIn is the normcore social media we need. Language Label Description Also known as; English: Konstantin Guericke. Why do you think it hasnt yet gotten into our heads that this is a place where more could be done than looking up Konstantins background? And we can get click through rates around 20% often. Add it to your site and see what happens, Grasshopper.com. The net worth is calculated based on the publicly available CPM (cost per thousand views) paid by advertisers. Search Background Check Edit Listing. 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. Andrew: Can you please move your camera down a little bit? There was no, LinkedIn is working on this, Reid is working on this, Konstantins working on this, Alan is working on this. We kept it quiet. I think initially there was a kind of strong dating focus. Videos on the channel are posted in the categories Lifestyle, Entertainment. Konstantin: Well, actually I did talk to Reid back then because we had met. And hed bring up ideas and Id try to tear it apart. 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. 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. National Average. Andrew: You had an idea that you had three features that you were going to launch with and one you still havent even launched. And they think of each new contact as potential revenue but they dont have an immediate transaction in mind. 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. So these three things were really in People Map. You guys were like the slow car; you used that expression earlier. I appreciated it as someone whos inviting my friends to join LinkedIn because it would grow my LinkedIn connections and increase that number up and up until I got to over 500. It could even find you a tennis partner. So they were one. Once we got that feedback were like, okay, no. But Im also thinking about some other ideas as well. Since you did your research I think you saw from the very first press articles we talked about. 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. Konstantin: I think thats where persistence comes in. Reid Hoffman completed his graduation from Stanford University in 1990 and post-graduation in Philosophy from Wolfson College, Oxford in 1993. . Im going to ask you about that. [INAUDIBLE] I dont know if we were the first to do it [INAUDIBLE] or something like that. For the past six years he has been serving as a board member of Doximity, the largest professional network for U.S. healthcare professionals, with more than 70% of . RallyPoint, the network where military service members and veterans come together, mentor, and discuss military life, announced today that Konstantin Guericke, Co-Founder of LinkedIn, will join . Can you talk about it what was that other social network? Allen Blue, and Konstantin Guericke. Andrew: I want to ask you about that but I know that before you offered subscriptions, I think I got this right, you sold job listings. But other people would say, I tried Plaxo and I didnt like it. And so we basically then learned, Okay, this seems too much like Plaxo. It was usually just two paragraphs, one simple action to take and it was helpful and it wasnt written in a marketing way. Konstantin: Thank you Andrew. They were interrupting people in that quiet office environment. 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. 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. : #konstantin . 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. Youre in a regular house. Konstantin: Just when it comes up. So we would segment our user base into fairly small segments and look at what is the type of message that may be useful. Either they would say, Oh, Im sorry. Use The Data Import Wizard To Transfer Data From Excel Into Salesforce . Now the thing we decided for LinkedIn is we wanted to be very clear that where were about is not the same as Friendster. Guys, now that the interview is over it doesnt have to be the end of your time with Konstantin. Who wants to write a resume for fun? 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. And how they planned to make it to be social so users would promote it. Konstantin's Score is ( 6%) Above the National Average. Its not that there arent useful websites out there. At LinkedIn, Ly worked on a lot of the core features that helped you find your friends on the site, including the search algorithm and that cool feature that ties LinkedIn to Outlook. 2 SlideShares 1 Clipboard 11 Followers 381 Followings. What part was not useful? But again, they sort of tricked people into inviting their friends and especially in the professional crowd that does not go over very well. But that was definitely pretty hard to see. Founded in 1995 by now 60-year-old Lynda Weinman, she founded the site as a place students could go for free resources. I am a social architect with a passion for exploring the intersection of psychology, sociology and computing. Konstantin: Yeah, sure. Konstantin is a popular Entertainment channel on YouTube. It was a lot of little things and really our growth at LinkedIn has been very much like a machine. In addition to serving on the boards of several startups, Konstantin continues to advise LinkedIn on the company's activities in the . Sections. Edison kguericke@dasguptas.com. Theres another company that had the same issue called ZeroDegrees. When I was inviting my friends it would go out with text and a link. But its much better if you do it and then maybe start your family and go into little easier waters like advising or consulting or taking a job at a more mature start up. Konstantin Batygin Net Worth. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. On a personal level? Why not charge the networkers? Russian businessmanKonstantin Grigorishin has an estimated net worth of $1.2 billion as of March 2013 according to Forbes. He used Shopify. Headquarter- Sunnyvale, California, United States. I thought the butler would be holding onto the webcam and another butler would be holding onto the microphone. Konstantin: It was a combination of two things. Check out their features and youll see why Grasshopper isnt just a phone number, its the virtual phone system that entrepreneurs (like me) love. Since LinkedIn is, at its heart, a website, a lot of the credit for its success was due to Saccheri, his colleagues say. 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. 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. LinkedIn Co-founder Konstantin Guericke - The keys to building a long lasting B2B Network by Metrics that Measure Up. Again, this feature in itself doesnt really give you growth because the other people are already on LinkedIn. 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. He worked his way up to the top of the engineering ranks and left in 2010 after eight years, just before the IPO. 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. Reid Hoffman is a Valley A-lister, worth almost $4 billion. But we very purposely decided not to do pictures because there was one very visible way for people to understand that this is a different kind of network, that business networking is a separate thing from social networking. 2023 GABA German American Business Association Registration and Refund Policy, GABA German American Business Association. Aktuelle Nachrichten zu Konstantin Guericke im berblick - Hier finden Sie alle Informationen auf HORIZONT zu Konstantin Guericke. So we, on purpose, launched without pictures. 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. Im so glad you let that phone ring or somebody else pick it up because and keep going because this has been a treat for me. Who charges money on the internet? Cofounder Konstantin Guericke was vice president of marketing and led LinkedIn's marketing from its earliest days until it became profitable in 2006. Andrew: Me too. The net worth of Konstantin's channel through 19 Jan 2023. Very easy to find and hes probably happy to help you. $17,514. Andrew: It takes up hours and hours to launch a company and deal with all the critics and the cynics and the supporters and the fans and the co- workers and the investors. 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. However, it's uncommon for YouTube stars to rely on a single source of revenue. Andrew: We found what? He is currently married with three children. I hate to even talk about this. Because LinkedIn created the API because LinkedIn knew they couldnt cater to all segments equally well and do that. 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. 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. Online resources estimate Konstantin's net worth to be $1,412,036. LinkedIn. Konstantin Guericke with Krystle Cho and Naval Ravikant. Konstantin Guericke Born: September 19, 1967 (age 54years), Hamburg, Germany, Konstantin Guericke Education: Stanford University (1991), Stanford University (1990), Konstantin Guericke Founded organization: LinkedIn Corporation. Thats my advice but everyones different. Konstantin Guericke, Ian McNish, Yan Pujante, and Chris Saccheri. How did you do it? Net worths on Net Worth Spot are calculated through the combination of our robust methodology, data collection and a proprietary algorithm. But LinkedIn is very consistent. . David Sze was cofounder of Brience and is now a partner at Greylock. I cant say good bye to you because Ive been looking forward to doing this interview for so long. Konstantin holds a B.S. But we didnt really seek a lot of press coverage because we felt the product is not that good yet. 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. Everythings supposed to be free, my friend. In fact, the Harvard Business School has a case study just covering that very case, all the thoughts that went into that. Thats very rare. Konstantin: [INAUDIBLE] to some extent [INAUDIBLE]. It wasnt really clear we were going to start a company for sure together Maybe hed be an investor in one of my ideas. Access your favorite topics in a personalized feed while you're on the go. First thing youre asking people to do is come one and write their resumes. So we started with $49. But it turns out lots of people wanted to look for that existing friend. 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. People felt three degrees both people know either the sender or the receiver. Reid worked on Relationships.com which became SocialNet and then PayPal. So, how much is Konstantin Batygin networth at the age of 35 years old? People who network think of LinkedIn as a networking event and they often get very frustrated when they see someone interesting saying, Id like to get to know you. So you can find that balance but I think you might have to do it in stages. Number of shares pre-offering: 14,047,978, Number of shares pre-offering: 16,840,309, Number of shares pre-offering: 19,066,032. What they finally came up with was a series ofingredientsthat they used to create LinkedIn. Auf LinkedIn knnen Sie sich das . Konstantin: I think it comes down to branding often. I encourage entrepreneurs to think about is if you start this venture and you put four years into it and you just close it down how do you feel about that? Konstantin: Not very much. I mean Im not doing it now. Not from all segments but often that was not unusual to get 20% click through rates because we target them so carefully. Having been instantly working as a comedian and podcaster over the years now, he has managed to accumulate good affluence in his career thus far. So people become a very effective spam filter so that the good proposals come through and the other ones dont pass through. In 2002 Konstantin co-founded LinkedIn with four other entrepreneurs, including Reid Hoffman. They felt these guys, Reid, Konstantin, Allen, Jean-Luc, Eric, theyre people in the Valley whove done some things, theyre trustworthy people, they kind of understood the vision to some extent but a lot of times they would just do it as a favor to us. By clicking Sign up, you agree to receive marketing emails from Insider Theres often an emotional connection, if you get a recommendation its quite enjoyable to get that. Were something brand new that we havent seen. This income is valid for channel visits till Jan 19 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. Now I think theres a lot more people can do there because people dont really think about what search terms are people going to put in so that you actually show up. A recruiter makes a very specific search for someone with certain marketing experience or product management experience and they get 25,000 answers in the right location. 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. sex or gender. Andrew: I love it. We aim to constantly update this indicator based on current trends and confirmed revenues. But basically as people got more applicants we could charge more. And so now its much more interesting to look at a profile with a picture. It was kind of like driving through the fog. How much money does Konstantin make from YouTube? The World's Most Entertaining Car Website, Moscow Institute of Physics and Technology, Kim Kardashian To Pay $1.26 Million Due To Instagram Ad Illegally Hyped Crypto, Jennifer Salke Breaks Down The $700 Million Rings of Power Gamble and Plan For MGM Integration, The Clooney Garage: Inside George Clooneys Insane Car Collection, Lawyer Reveals How Tom Brady & Giseles Prenup Affects Their Divorce, Jon Favreaus Newest $24 Million Laguna Beach Mansion, Valrie Messikas Diamond Luxurious Jewelry Collection Sparkles During Paris Fashion Week, Inside Red Sea Project: The $5 Billion Saudi Desert Megaresort, Tiffany Haddishs Lawsuit Was Dropped, But Her Career Is Totally Over, The 8 Most Expensive Guitars Of Rockstars Ever Sold At Auctions. A lot of people probably dont remember them. 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. The 13-bedroom mansion where King Constantine II of Greece bought after being exiled from his native country during the 'Colonel's Coup' of 1967 has sold for 6 million. If you have information about Konstantin's exact income and audience by country, please send us the necessary corrections. Look what happened to the cofounders of Oracle>>. They werent adding that much to the system. So if you could convince that person that what failed for them then will work now and you get that person on your advisory board that will help you a great deal with fundraising because this person can say, Look. Activity. And not searching for someone you know but searching for a kind of person who has the information or the kind of person that you need in your business thats going to help you solve a business problem. 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? Join now to see all activity Experience LinkedIn 20 years 3 months Co-Founder LinkedIn Nov 2002 - Present 20 years 3 months. He left PayPal to join LinkedIn as head of corporate development, staying until 2004, when LinkedIn was very young, but starting to gain traction. LinkedIn cofounder and Stanford alumnus Konstantine Guericke, '90, MS '91, shares personal anecdotes about how LinkedIn came to be the world's largest social. Konstantin shares the key differences . Theres probably better ways to get rich than being an entrepreneur. Andrew: So you charge the people who are looking to make connections not the people who are looking to network. Konstantin Guericke (Q109910906) From Wikidata. And so a lot of people were very disappointed. And now were just waiting in a couple years well be the FourSquare of business or the Twitter of business. This 'worth' of a customer can help determine many economic decisions for a company including marketing budget . 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. I grabbed the domain People Map because I was interested in giving people, professionals a home on the web because I figured it was really hard to create a web page for professionals, especially myself in marketing. Energy Standard Group SA is a holding company that owns power utility and power engineering companies in Grigorishin's hometown. You had some great questions and I hope it encourages other people around entrepreneurship because thats what makes the world go round. If Im going to use it Im going to add more information.. Id like also to understand the landscape at the time, in fact, the history that you were looking at. his net worth has been growing significantly in 2021-2022. Let me try it. But the great thing is it almost always works really well. And I think that youve seen that with any company that tries to rebrand. The audio just cut out. 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? If a channel is monetized through ads, it earns money for every thousand video views. But we werent seeking out anybody. GuerickeGuericke25Guericke Educalingo Here we are updating just estimated networth of Konstantin Batygin salary, income and . The other thing to remember is when you launch often you do get a couple thousand people just from blogs and some of the media attention that comes out there. Why did you guys not accept that as a reason to not do what you did? Konstantin: Its still there. Konstantin Guericke has participated in 1 event, Slush 2016 on Nov 30, 2016. We did have Rafe Needleman did put us into Catch of the Day when he was doing the Red Herring or right after that so I remember we got a little bump from that newsletter that he sent out but he was the really the first professional journalist covering us. Im sorry, the audio just cut out. 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. To be found I really should put more information in. But it usually had to do with customer intermediaries. Andrew: OK. Can you give me an example of a business idea that seemed right to one of you and explain to me how you picked it apart and realized its not the right business idea to pursue? 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 how did that come about? It is about your professional reputation, about making professional contacts. This is why I do these interviews to talk to people like you and to have the kind of conversation that you and I had. The group currently owns a number of Ukraine-basedelectric energy equipment factories. And if that employee says, That person was a real hard worker, ethical, smart, if you see that on a resume saying, Im an ethical worker, hard working and smart it doesnt really mean anything. I would struggle with a good way to come up with it. Too big? edit. I just happened to have lunch with a former client who happened to have lunch with someone else during that week. But we never implemented that. So theyre very happy with that. If you're a premium member, you can save your likes. Andrew: I see. And a few months after it launched on May 5, 2013, it was in danger of being a bomb. Didnt you allow linking from person to person? 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.. Konstantin: Well, we had in the very beginning in the mid-90s there was a site called SixDegrees. So were not as interesting to people that are retired. 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. Theres nothing really in it for me. So we had to draw those distinctions. Most start ups are like that. Who cares whether the heads fully in the video but its a little disturbing when its not. Now theres probably other features we could charge safely but we just found that the other segment was working out really well and so weve kind of stayed with that. I dont think it was a huge thing for encouraging other people to pay. He calls himself a Domestic Infrastructure Support Technician (i.e. So thats really what we spent most of the time talking to those people rather than encourage them to fill out their full profile is share it with their friends. And Reid and I met each other that way. We worked pretty hard trying to decidewe always knew there would be a premium level of it but which segments should we go after, what features are on the premium, those were hotly contested when we went there. 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. Can you please try it out? What I would do is I would add myself to it and I would give you feedback on how easy or hard it was to add and congratulate you on launching the site and then move on. in Engineering from Stanford University. 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. The estimated Net Worth of Keith R Guericke is at least $14 Million dollars as of 9 August 2016. I forgot. Andrew: Sorry. I made that.. Like Reid invited his friend Joi Ito whos very well- connected and who contacted lots of people on our behalf. Or something like the LinkedIn answer section. Konstantin: There are two I think. Can you talk a little bit about that? And what were the results initially from that? In fact, when we launched the site we thought wed have the opposite problem. Please only use it for a guidance and Konstantin Guericke's actual income may vary a lot from the dollar amount shown above. It was more like what I would tell my friends in email. In fact a lot of bloggers said, it doesnt make any sense, its not going to work. We looked through the most recent SEC filing to see how much everyone's shares are worth. Do you want to tie into them? And then, These are the people who are not on LinkedIn. When we consider many revenue sources, Konstantin's net worth could be as high as $486.25 thousand.