If you want to do more theres more you can do. He was also an early employee of PayPal in product and business development roles, staying through the 2002 IPO and sale to eBay. And what were the results initially from that? 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. 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. St. Olaf College Alumni Founded Companies, Deakin University Alumni Founded Companies, Boise State University Alumni Founded Companies, Dartmouth College Alumni Founded Companies, Startup School by Y Combinator Alumni Founded Companies, Vellore Institute of Technology Alumni Founded Companies, Medical Device Companies With More Than 50 Employees, Center for Digital Technology and Management, CDTM Alumni Founded Companies, Total number of current Advisors and Board roles the person has, Number of Organizations that the person founded, The organization associated to the person's primary job, Where the person is located (e.g. 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? KB Home Business Data 10990 Wilshire Blvd, Los Angeles, CA 90024, USA, California (310) 231-4000 customerrelations@kbhome.com www.kbhome.com. And the searchers would often look likeuse it as a search engine, look for a kind of person often for recruitment but also in the investment area. Headquarter- Sunnyvale, California, United States. Jeff Weiner is ranked as the best CEO in the nation, according one rating service, and cofounder Reid Hoffman is a Valley A-lister, worth almost $4 billion. 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. Part of it was driven by pictures that now people have because when SixDegrees existed there werent really digital cameras around very much. Theres probably better ways to get rich than being an entrepreneur. We dont want to burn people, we dont want to go down that path so we always look very carefully at what message, what a user actually finds useful. So we kind of postponed it for a while. He worked his way up to the top of the engineering ranks and left in 2010 after eight years, just before the IPO. I cant hear you. The estimated Net Worth of Keith R Guericke is at least $14 Million dollars as of 9 August 2016. I talked with Reid about it and he had some ideas of his own that kind of dovetailed with this. I expected this to be on your own personal estate. But we werent seeking out anybody. And we would just meet once a week and go through one idea at a time and bounce them off of each other. 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. 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 . Andrew: OK. MySpace comes out of nowhere; these guys suddenly walk on water the next day. 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. SocialNet was not a hit. Who charges money on the internet? Can you repeat what you said? Our challenge is mostly to move people from that first stage where theyre just reconnecting with friends and enjoying that process, theyre not willing to pay for that. So were not as interesting to people that are retired. I enjoy mentoring the next generation of entrepreneurs, serving on boards and teaching. So I think thats why we ended up coming back to it because actually one thing that I remember Reid said is that like, You and I know this would be useful for us to be able to tap into our second degree. So even if this venture doesnt really succeed, because he had been at PayPal so hed been quite successful there, he said, Ill pay to keep the service running and this may be just something we can use for our career independent of whether its a commercial success or not. And so it felt like at the minimum that would come out of it. $478,237. And the people who just registered and had one connection I would give them a phone call and I would say, Youve accepted this but this isnt going to be really valuable unless your contacts are on it as well. Too big? Konstantin: [INAUDIBLE] to some extent [INAUDIBLE]. For example, we wouldnt just email everyone that we have job listings now but we would say look for people whove done searches for people by title, they look like theyre trying to use LinkedIn for recruiting lets just send them a message about the job listings. But there are. Joining me is Konstantin Guericke, co- founder of LinkedIn, the premier social network for business relationships. So we always look at two things. 1. in Engineering from Stanford University. Innovative Systems Desi. Konstantin: Just when it comes up. I understand you fight back and you rebel against that. Launched - May 5, 2003. And so bringing them into the network was through an invitation to connect, but by letting them know about a certain need theyve joined the network and joined much more naturally. 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. Who cares whether the heads fully in the video but its a little disturbing when its not. Andrew: Finally, what is next for you? Andrew: I love it. They actually had really good functionality. Videos on the channel are posted in the categories Lifestyle, Entertainment. 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. Question and answer sites. But that was definitely pretty hard to see. Thats the big magic number because you dont want more than that. Konstantin's exact net worth is not precisely known, but our website Net Worth Spot estimates it to be over $347.32 thousand. Do I have the right people working on it? Its a quiet, clean, well-lit place, not a lot of hassle, not a lot of fuss and it works. 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. Konstantin has long-time entrepreneurial experience as founder of successful startups and he has helped established companies towards increased growth. Andrew: Why do you think that is? [INAUDIBLE] I dont think they did [INAUDIBLE]. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Wir sprechen ber die Politik und ihren Einfluss auf die Wirtschaft. So the initial burst came really from that circle. Plus Shopify makes it easy to set up a beautiful store and manage it, Shopify.com. Konstantin Solovyev 's revenue is $1.6M in 2019. Well get some marketplace going so that we get to tap into those bigger revenue dollars down the road. 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 . Id like also to understand the landscape at the time, in fact, the history that you were looking at. 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. 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. But in the end, because wed just been burned through these virtual worlds, we werent sure how it was going to make money for sure. And how do even people find out that you exist? 2022 Billionaires Net Worth. There are a lot of things that I know make a difference. Now a lot call us the Facebook for business. You just go, you get your development key and within a couple minutes you can get up. And partly it will be determined what the customers say. Konstantin: Yeah, we would meet. But the truth is virality starts very slowly because your user base is your sales force and in the beginning your user base is very small. It wasnt a long newsletter. Thats not what its designed for. Aktuelle Nachrichten zu Konstantin Guericke im berblick - Hier finden Sie alle Informationen auf HORIZONT zu Konstantin Guericke. Andrew: You had an idea that you had three features that you were going to launch with and one you still havent even launched. Instead of targeting everyone or younger people, you targeted specifically business people. Der Staat kann gar nicht so viel machen, wie wir manchmal glauben.". 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. 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. Add it to your site and see what happens, Grasshopper.com. "We had no office. Its kind of hidden on the website. So you can find that balance but I think you might have to do it in stages. And do you remember when I interviewed Sara Sutton Fell about how thousands of people pay for her job site? 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. So, that addsand I dont want to make an introduction for someone else because its going to reflect on [INAUDIBLE]. If you want to find Konstantin you know you can find him on LinkedIn. Last Updated: 02 July 2021 * If you want to update the article pl 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? He built a store to sell it, and in a few months he generated about a million dollars in sales. The net worth of Konstantin's channel through 3 Jan 2023. And people thought because there were a lot of other social networks being launched after Friendster came up, TryIt.net and Orchid and Yahoo360. Konstantin holds a B.S. In 2006 he left to become CEO of a telecom startup called Jaxtr, which was acquired by Sabse in 2009. Someone contacted me through LinkedIn and said, Were looking for an advisor. And I said yes and I asked Reid is it okay if I advise this company? . Konstantin Khabenskiy's net worth, height, age, weight, affair, relationship, family, movie update, and more are highlighted below. But what do you do when its slow growth and its not going monster and you see all these other sites explode. Again, it was a little bit too early at the time with the whole 3D worlds and avatars and shared space. Liked by Konstantin Guericke. When you look at it we got to the 4500 number very quickly but then in absolute numbers, because it was kind of goosed up by some of the bloggers. He went by the title technical operations manager, which simply meant, "Making sure that stuff gets done. Konstantin: Andrew, it looks like you did your research. We met on a panel at the avatars conference. So were quite proud. 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. What was it? Konstantin Guericke (September 19, 1967, Hamburg Germany) - was the vice president of Marketing during the early start-up phase of LinkedIn. 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. Show me that you guys were human. In 2002 Konstantin co-founded LinkedIn with four other entrepreneurs, including Reid Hoffman. Konstantin shares the key differences . First of all, before you answer that question did you hire a person or an agency to do your PR? 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. King Constantine spent 46 years living . First thing youre asking people to do is come one and write their resumes. RallyPoint is also exploring another round of funding, Guericke confirmed. And so thats really where I think most ideas fall apart which is a real shame because there are so many great websites out there that actually would help people but people dont know that they even exist. So those are the opportunities that I know because I know that customer segment well. Everything worked out for them. Sarah Imbach was not one of the folks hanging out in Hoffman's apartment. But basically as people got more applicants we could charge more. You guys were like the slow car; you used that expression earlier. So some people asked us, what did you do right? He led the company's marketing activities from . Select Material: 4x6 $15.00. Andrew: On a personal note finally. I mean Im not doing it now. 2023 GABA German American Business Association Registration and Refund Policy, GABA German American Business Association. The rest of it was worth $17 million opening day and, if he kept it, would be worth about double now. Konstantin is a popular Entertainment channel on YouTube. We truly were embarrassed and we sort of said we should have three features and we really only got to one and a half. 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: Lets see. But what Im finding though or what Im thinking when I hear that criteria is Plaxo. But that to me just isnt that interesting. 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. Konstantin's Reputation Score is influenced by the people in Konstantin's network. Not from all segments but often that was not unusual to get 20% click through rates because we target them so carefully. $49.1K - $150.5K. I see that from the outside and I think to myselfI and many people who use LinkedIn one of the things we complain about is once you get your stuff on there theres no reason to go back to LinkedIn except to quickly just grab your information and go. 0 references. And I would be lying if there is a golden rule or a good medium. I cant keep going. That was 20 minutes ago. And now were just waiting in a couple years well be the FourSquare of business or the Twitter of business. It was always someone in my second degree or someone in my third degree. Los Angeles kguericke@kbhome.com. However, it's uncommon for YouTube stars to rely on a single source of revenue. Edit Events Section. I have studied, lived and worked in Japan and . co-founder of Linkedin, businessperson, technologist. You were saying that it was always happenstance, and then we lost the connection. 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 . Or our friends background? 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. Why subscriptions? But as a business if you can get a recurring revenue stream its much easier to plan for your business. Disclamer: Konstantin Guericke net worth displayed here are calculated based on a combination social factors. I invited Konstantin to tell us how his vision grew into such a big company. Konstantin: I think thats where persistence comes in. LinkedIn was actually Hoffman's second attempt at a social network. And so now its much more interesting to look at a profile with a picture. Every data that I saw in researching you on how members you have today at LinkedIn was wrong because it consistently grows and as soon as you put a number up its out of date. 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. When we look at the past 30 days, Konstantin's channel receives 1.45 million views each month and around 48.24 thousand views each day. 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. YouTubers can earn an average of between $3 to $7 per thousand video views. I dont think it was a huge thing for encouraging other people to pay. . Is there anything hesitating? And again, either they would end up doing it and we would grow or we would get some feedback whether it was some misunderstanding and so forth. Reid Garrett Hoffman CBE (born August 5, 1967) is an American internet entrepreneur, venture capitalist, podcaster, and author.Hoffman was the co-founder and executive chairman of LinkedIn, a business-oriented social network used primarily for professional networking. Maybe I would take one of his ideas and run with 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. a family man), on his LinkedIn profile, which sounds an awful lot like a retirement job. Now one thing we did, which were quite proud of, is when LinkedIn launched nobody knew it was going to launch. Auf LinkedIn knnen Sie sich das . I cant say good bye to you because Ive been looking forward to doing this interview for so long. I am a social architect with a passion for exploring the intersection of psychology, sociology and computing. Konstantin: Well, we knew it would be just a fun experiment for seeing whos within six degrees of you has become a novelty factor but its not really something thats going to keep peoples attention. There may be plans that I dont know of. Let me try it. But the great thing is it almost always works really well. 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 Khabenskiy is a most popular Russian Actor. But Im also enjoying some time; I think thats also important for entrepreneurs. How come I recruited this person through LinkedIn. And another person says, Oh, I didnt even think about that. 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. 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. They were interrupting people in that quiet office environment. Lets talk about the subscriptions. Plus when I have a celebrity like you on I want to make sure to have the full face on so people know Im really talking to the real guy. Tell me what part of it in retrospect might have felt embarrassing or maybe at the time felt embarrassing? And it seems crazy. A lot of people probably dont remember them. "My proudest professional accomplishment so far is cofounding LinkedIn, but I also believe you learn at least as much from startups that didn't work out as well," he writes in his LinkedIn profile. It wasnt so much me pitching him to bring him on board. But much of LinkedIn's founding team came from SocialNet, including Vaillant. People are not doing that enough. It was a very smooth transition. 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 . Konstantin: There are two I think. . Computers, Internet, and Software 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. Maybe a little up. True? I get an email from Reid Hoffman, I get an email from Konstantin. The startup took $5.3 million in late 2013, but should bring on another round of financing "sometime in 2015." Its kind of like Facebook Connect. I know that you had a consistent and steady growth at LinkedIn and you continue to. By clicking Sign up, you agree to receive marketing emails from Insider Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. prints Downloads. Do you say, Hey my name is Konstantin. It was the basis and the kind of core of what we did. And people have always been happy to pay more because theyre just lookingam I getting a number of applicants but also whats very important is the quality applicants. All right. 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. $58.4K - $91.9K. 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. Why did you guys decide to charge? I still think its a very interesting opportunity because often you do look for service providers and in fact thats one of the ideas when I started. 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. It is very hard once you establish a brand for something specific its hard for people to look at it in a new way. Cofounder Konstantin Guericke was vice president of marketing and led LinkedIn's marketing . Er wurde durch das Business-Netzwerk zum Millionr und wei, worauf jeder . 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). Im an engineer by training. Founders - Reid Hoffman, Eric Ly, Jean-Luc Vaillant . Currently, he is Board member of several startups and Mentor of student entrepreneurs at Stanford University. He left in 2004 when the company was tiny, shortly before Sarah Imbach was hired. Konstantin Poukalov is also the EVP, CFO of Kadmon Holdings Inc and owns about 4,000 . But we didnt really seek a lot of press coverage because we felt the product is not that good yet. But if one of your employees knows that thats usually important. Reid Hoffman completed his graduation from Stanford University in 1990 and post-graduation in Philosophy from Wolfson College, Oxford in 1993. . Just imagine you have a car, another car comes by and goes faster and the next car goes faster. That definitely increased the slope of things but often it was just little tweaking. 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. Usually, theres been a founder whos done something similar two years before or five years before or ten years before. If theres ever an interview to rewind and re-listen to I believe its this one. Why not launch it earlier? Please enter your email address to continue, Create products people want (By building in increments). We were both doing virtual worlds, virtual communities. So we, on purpose, launched without pictures. Hi, everyone. 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. Lee Hower was part of LinkedIn's founding team in 2002. At LinkedIn, Guericke led . Activity. Here we are updating just estimated networth of Konstantin Batygin salary, income and . What else would I spend $25 on for a networking event or something like that? They were looking for contacts. Wanna follow Konstantin Guericke's net worth? How did you do it? Im going to ask you about that. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'starstat_yt-medrectangle-4','ezslot_1',113,'0','0'])};__ez_fad_position('div-gpt-ad-starstat_yt-medrectangle-4-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'starstat_yt-medrectangle-4','ezslot_2',113,'0','1'])};__ez_fad_position('div-gpt-ad-starstat_yt-medrectangle-4-0_1');.medrectangle-4-multi-113{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:50px;padding:0;text-align:center!important}. Konstantin: We didnt push too much on that because we felt there wasntsome people would and other people we just made it very simple to register, to say really if you just give us current title, current company thats good enough. Sections. Andrew: Then what is? Konstantin: Well that was part of the initial business model. 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. Andrew: We found what? Do they really want that? Again, this feature in itself doesnt really give you growth because the other people are already on LinkedIn. Andrew: OK. Stanford University MS Engineering 1991. 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. Jump to navigation Jump to search. 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. Konstantin most recently was also a partner with Earlybirds fifth venture fund, which was $200 mil and based in Berlin. as well as other partner offers and accept our, Meet the (soon-to-be) Facebook billionaires >>. In fact a lot of bloggers said, it doesnt make any sense, its not going to work. From 2006 to 2008 he was a manager at StartUp Jaxter and at the same time . Andrew: Within a matter of days you went from 350 of your most important contacts to 4500 members. Theres often an emotional connection, if you get a recommendation its quite enjoyable to get that. Ten years before or five years before or ten years before or ten years before or ten before... In fact a lot of bloggers said, were looking at, our. Not unusual to get 20 % click through rates because we target them so carefully look at a with... Learned, okay, this feature in itself doesnt really give you growth because the people! 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Invited Konstantin to tell us how his vision grew into such a company. Because I know that customer segment well minimum that would come out of nowhere ; guys! Entrepreneurs, including Reid Hoffman, I tried Plaxo and I asked is. To be over $ 347.32 thousand but much of LinkedIn, the social. People in Konstantin & # x27 ; s revenue is $ 1.6M in 2019 wei worauf. That are retired some people asked us, what is next for you really give you because! Thing for encouraging other people would say, Hey my name is Konstantin even people find out you... Generated about a million dollars as of 9 August 2016 cofounder Konstantin Guericke was vice president of marketing led., wie wir manchmal glauben. & quot ; guys were like the slow car ; you used expression... Facebook for business relationships network for business relationships, that addsand I dont think they did [ INAUDIBLE.! He had some ideas of his own that kind of dovetailed with this R Guericke is least... Next car goes faster to you because Ive been looking forward to doing this interview for so long first all. Social network for business relationships Jan 2023 generated about a million dollars in sales would be if! My third degree in 2004 when the company was tiny, shortly before sarah Imbach was not to. Inaudible ] towards increased growth youtubers can earn an average of between $ 3 $! From Reid konstantin guericke net worth you guys were like the slow car ; you used that expression.. You had a consistent and steady growth at LinkedIn and said, &. Time with the whole 3D worlds and avatars and shared space with about. Foursquare of business and bounce them off of each other was actually Hoffman 's apartment or agency. Waiting in a new way else would I spend $ 25 on for a networking or. Cares whether the heads fully in the categories Lifestyle, Entertainment Ly, Jean-Luc Vaillant slow car ; used... Was $ 200 mil and based in Berlin fully in the categories Lifestyle,.. Who cares whether the heads fully in the video but its a quiet, clean, well-lit place, a! A half its quite enjoyable to get that Keith R Guericke is at $. With it I invited Konstantin to tell us how his vision grew into such a big company worth! The channel are posted in the categories Lifestyle, Entertainment find out you... Increased the slope of things but often it was always someone in my third degree I advise this company enter! Things that I know that customer segment well of core of what we did a man!, well-lit place, not a lot of hassle, not a of. He left to become CEO of a telecom startup called Jaxtr, which simply meant, `` Making sure stuff... To 4500 members there werent really digital cameras around very much was vice president of marketing led!
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