Groupon did something completely different before theyre Groupon. Computers, Internet, and Software I invited Konstantin to tell us how his vision grew into such a big company. It was more like what I would tell my friends in email. And they think of each new contact as potential revenue but they dont have an immediate transaction in mind. Net Worth Spot is not associated with YouTube. So we felt quite confident that the premium model was going to work and it would work more instantly. 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: I was working on the marketing piece, on the outbound piece. Andrew: Then what is? Do you say, Hey my name is Konstantin. Its a marketplace and people werent used to posting jobs on LinkedIn and people werent necessarily looking for jobs on LinkedIn. Access your favorite topics in a personalized feed while you're on the go. We basically waited till we had the Sequoia funding which was six months after launch. Founders - Reid Hoffman, Eric Ly, Jean-Luc Vaillant . in Engineering from Stanford University. Konstantin Kisin Net Worth. You've probably heard of Lynda.com. 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. 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. Can I help all these great entrepreneurs with a website and try to bring traffic to them and also help people who need help. More Entertainment channels: So I think a lot of service providers find the same thing, but it was always a very happenstance process. I had not really known much about mobile and telecommunication. Konstantin: It was that we knew some people that were well-connected and who would basically invite people to the site because they trusted us. And remember Patrick Buckley who I interviewed? Theyre more communication oriented. TypicallyIm not 100% sure. Im seeing youre in an ordinary place. He stayed at the job 10 years, leaving in May of last year to officially join Box, although he'd already been acting as Box's technical adviser. 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. But very often, actually when we tested it. I could do that. And it seems crazy. Konstantin Batygin Net Worth. From 2006 to 2008 he was a manager at StartUp Jaxter and at the same time . It started 9 years ago and has 198 uploaded videos. Andrew: I see. Konstantin: So often the things that you find are not intuitive because when we said, Okay, business people are very concerned about uploading their address book, So were going to show them exactly why its private and safe and all those things. Cofounder Konstantin Guericke was vice president of marketing and led LinkedIn's marketing . The audio just cut out. Andrew: How do you slip into a conversation that youre one of the founders of LinkedIn? No matter how you look at it, LinkedIn is one of the stand-out Valley success stories. Not a big, colorful, newslettery-looking thing that would turn people off but something that looked like it came from me. Number of Events 1. So were quite proud. Wed also seen Friendster starting to really take off on the social side. . Born in Ukraine, this 47-year old billionaire is a graduate ofMoscow Institute of Physics and Technology. People felt three degrees both people know either the sender or the receiver. So how do you become one of those seven? And whats going to make someone, even if you show up in the search results, whats going to make them pick you? Twitter, even afterwards. Why not launch it earlier? Konstantin Solovyev Net Worth 2019. He left PayPal to join LinkedIn as head of corporate development, staying until 2004, when LinkedIn was very young, but starting to gain traction. This international company also specializes in shipping, engineering, electricity as well as land and real estate. We looked through the most recent SEC filing to see how much everyone's shares are worth. Konstantin Guericke. In addition to serving on the boards of several startups, Konstantin continues to advise LinkedIn on the company's activities in the . Konstantin: Its hard. He also volunteers at the The American Bookbinders Museum, a fully-functional 19th-century-style bookbindery in San Francisco. And as long as you learn the lessons theres a good chance itll pay off. 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. I only make introductions where I feel its a win-win. 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 . 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. He went to another hot up-coming company: Netflix. But now Im a consultant, Im not a full time employee and my passion is more different entrepreneurial things that Im working on. You guys had this service where people could thumbs up or thumbs down businesses. Andrew: You had an idea that you had three features that you were going to launch with and one you still havent even launched. So give me a setback. I know its blogging that got people to pay attention to you at first. 03 you look at old blog posts people acted like you guys didnt understand that social networking was already done or that you guys dont understand or this wont work for this reason, that reason. But what only some percentage does is take the next step and solve an actual business problem and thats been a hard one for us to work on and the emails were one way we did that and that worked to some extent. It was usually just two paragraphs, one simple action to take and it was helpful and it wasnt written in a marketing way. Get notification with the latest net worth updates for free. 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. That impacts that and you try a lot of different things and they all improve it somewhat but you dont get to those kinds of growth rates. 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? Before jaxtr, he co-founded LinkedIn, which with over 15 Million European members is Europe's largest business network. Why did you get so much of it? Why did you guys not accept that as a reason to not do what you did? . Either they would say, Oh, Im sorry. 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 ". I know at that time I was doing a lot of email marketing to our existing members and that had to be done very carefully because the very first time we tried it we just sent out a newsletter to our members and people were very annoyed because our audience is very easily annoyed at extra email. Energy Standard Group SA is a holding company that owns power utility and power engineering companies in Grigorishin's hometown. Theres nothing really in it for me. So we had to draw those distinctions. Its a very easy process; people often dont realize how easy it is. 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. He was born on January 11, 1972, in Saint Petersburg, Russia. 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. Andrew: On a personal note finally. We didnt have a brand name, prototypes, company-owned or operated computers and we were in a market that had yet to be defined.". 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. We will continue to update this page, so bookmark it and come back often to see new updates.The world's population was 5,055,636,132 and there were an estimated 138,691,278 babies born throughout the world in 1987, Ronald Reagan (Republican) was the president of the United States, and the number one song on Billboard 100 was "(I . So why did LinkedIn take off when others couldnt? So we would segment our user base into fairly small segments and look at what is the type of message that may be useful. Today he's a partner in Earlybird Venture Capital and a mentor for his alma mater, Stanford. If Konstantin makes on the higher end, ads could bring in up to $156.29 thousand a year. Tambm compartilhamos suas informaes de uso do nosso site com parceiros de mdia social . Can you give us the short version of whats in that Harvard case study? And we kind of used that; we always looked for users where there was a success story and we then later proactively looked for people in LA where we had competition and Chicago where we didnt have competition but we wanted to make sure no professional network starts in Chicago or New York or in Atlanta so we specifically looked for success stories and really pitched the human story and the reporters would just mention it and it was much more credible. So then a year later theyd raised some funding and theyre looking for someone to join the company and I saw a lot of potential to grow very fast. It is very hard once you establish a brand for something specific its hard for people to look at it in a new way. Russian businessmanKonstantin Grigorishin has an estimated net worth of $1.2 billion as of March 2013 according to Forbes. Grasshopper Dont make the mistake of comparing Grasshopper with other phone services. 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. Always growing very steadily at a good clip, but nothing extraordinary, nothing like Friendster, nothing like MySpace, nothing like Facebook, nothing like YouTube. These people who were important contacts didnt just stop there, which is a lot, to give you feedback and to engage with your site but they also went out and they reached out on average to over ten of their friends and said, Come join this new site. Was it that you asked them to invite their friends and try it out? Even though four degrees kind of worked the perception was that fourth degree contact isnt really any more valuable than a stranger because you have two intermediaries. And when I heard the phone ring somewhere around, it must have been about noon your time, I said, Hes got to go. 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. In fact, the Harvard Business School has a case study just covering that very case, all the thoughts that went into that. If a channel is monetized through ads, it earns money for every thousand video views. 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. So try this: go to Grasshopper.com and get a phone number that will make your company sound professional. Konstantin Khabenskiy's net worth, height, age, weight, affair, relationship, family, movie update, and more are highlighted below. If you want to do more theres more you can do. Konstantin: The happy, the delightful thing, many people just delight in this reconnecting; especially people who have 10, 20 years of work experience have often lost touch with people but they do know how valuable it is. Reid worked on Relationships.com which became SocialNet and then PayPal. They were around at the time. But we found if we . Konstantin: We dont want to violate peoples privacy in the office and we could probably have charged networkers to barge into the office but the people in the office wouldnt have liked that. So, what you did come out with was just profiles, but that profile leg of the stool, one of the three things that you were going to do, still had more than just a profile, right? . Konstantin: Lets see. But by bringing in more people onto the site theres a certain percentage who will then use reconnect themselves and some people who will invite some new friends to it. One more thing that you mentioned earlier. We had the debate, we said, Lets try both, and at various points we just did A-B test and saying, In this situation offer them a la carte transaction, offer them a subscription. Usually more people would do the a la carte transaction but when you look at whats the lifetime value or the annual revenue we get from that user even though a smaller percentage went for a subscription it was higher revenue for us. And what were the results initially from that? 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? Today she's focused on angel investing, giving "both my time and direct investment," she says on her LinkedIn profile. So the initial burst came really from that circle. 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. Check out their features and youll see why Grasshopper isnt just a phone number, its the virtual phone system that entrepreneurs (like me) love. 1. Were something brand new that we havent seen. 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 love that creative part of it. Net Dollar Retention Rate - with Kris Beible - Software Equity Group by Metrics that Measure Up. What did you learn from them? And so now its much more interesting to look at a profile with a picture. 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. I bliss out on reading about successful companies like LinkedIn and hearing what youve said in the past about how you grew the company. 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. I forgot. Edison kguericke@dasguptas.com. My name is John. He didn't stay long at LinkedIn, either. Today everyone acts like LinkedIn is run by geniuses and of course anything they touch is a hit. Los Angeles kguericke@kbhome.com. 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. If Konstantin is within this range, Net Worth Spot estimates that Konstantin earns $5.79 thousand a month, totalling $86.83 thousand a year. And people thought because there were a lot of other social networks being launched after Friendster came up, TryIt.net and Orchid and Yahoo360. It could even find you a tennis partner. Do you understand that? Youll hear us mention in this program a lot of social networks that flopped. LinkedIn cofounder Jean-Luc Vaillant was vice president of engineering and took over the CTO title after Eric Ly left. But basically as people got more applicants we could charge more. He left in 2004 when the company was still tiny. , which with over 15 Million European members is Europe & # x27 ; ve probably heard of Lynda.com Software. Became SocialNet and then PayPal Measure up angel investing, giving `` both my time and direct,! He co-founded LinkedIn, which with over 15 Million European members is Europe & # x27 ; s marketing telecommunication! De uso do nosso site com parceiros de mdia social an immediate in... You 're on the marketing piece, on the higher end, could! 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