On a personal level? 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. Do you understand that? And he really does play the bagpipes. Andrew: You bring up an idea, and Reid Hoffmans job would be to tear apart an idea that you came up with? Can you give us the short version of whats in that Harvard case study? How did you do it? A fresh take on sports: the biggest news and most entertaining lists. There was some of that utility. It failed. Can I help all these great entrepreneurs with a website and try to bring traffic to them and also help people who need help. Activity. November 2019. So how do you become one of those seven? 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. I cant keep going. That was 20 minutes ago. 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. For instance, if an applicant applied who one of your employees knows or has worked with in the past obviously that applicant is much more interesting than someone else because you cant just match on resume. Konstantin Guericke net worth Jan, 2023 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. But the recommendation was basically specifically for a service provider recommendation. The group currently owns a number of Ukraine-basedelectric energy equipment factories. 2002-2003 he founded the business together with Reid Hoffmann, Allen Blue, Eric Ly and Jean-Luc VaillantNetwork LinkedIn and was marketing director there. 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. Two decades later, in 2015, LinkedIn . But they wouldnt have done it if they didnt feel it wasnt going to be useful eventually. So I think a lot of service providers find the same thing, but it was always a very happenstance process. He left in 2006 to found another startup, Presdo, an app that helps attendees of events meet and network. But if you focus on the more intrinsic rewards and the people that youre going to meet then I think youll make a good choice. And LinkedIn has been very consistent. Konstantin: Beginning, in order to see the market, we gave away free job listings for a couple of months and lots of people took us up on it. Im at a networking event. Successful YouTubers also have sponsors, and they could increase revenues by promoting their own products. 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. 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. So you can find that balance but I think you might have to do it in stages. He is based in Silicon Valley. registered users, purchased by SabSe Technologies). Andrew: On a personal note finally. Konstantin holds a B.S. I founded LinkedIn. Or do you just let someone else at the table say it? Id like also to understand the landscape at the time, in fact, the history that you were looking at. You have to really look at the dynamic and not so much at the absolute numbers. We could ask follow-up questions, so that was very helpful. 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. Der Staat kann gar nicht so viel machen, wie wir manchmal glauben.". Why do you think they didnt make it in the field that you were jumping into? Edit Events Section. So people become a very effective spam filter so that the good proposals come through and the other ones dont pass through. 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. But then after the start-up I think its a good time to balance it out serially. Who charges money on the internet? But we felt the job listing wouldnt work instantly but we knew that Monster was doing a billion dollars in this, there was $6 billion still in the classified but we knew we wouldnt get any instant traction with it. 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 . I think initially there was a kind of strong dating focus. But what Im finding though or what Im thinking when I hear that criteria is Plaxo. 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. You can have people write in and say how great the site is and they can have a success story but if you then ask them to pay for it and they say, No, then you know you havent quite been there. Monthly Active Users - 774 million. So people feel quite good about it. They were big. A success story that most people study and many people are going to be listening to this interview over and over just to pick up on little keys to success from you. LinkedIn was founded in December 2002, with a couple handfuls of people. 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. : #konstantin . 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. Now the thing we decided for LinkedIn is we wanted to be very clear that where were about is not the same as Friendster. Konstantin: If thats important to you. And so now its much more interesting to look at a profile with a picture. 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. Theyre doing something interesting, bringing together mobile phones and social networks. What else would I spend $25 on for a networking event or something like that? I dont think it was a huge thing for encouraging other people to pay. But it turns out lots of people wanted to look for that existing friend. Europe, Menlo Park, China), Where the person is located (e.g. Our estimate may be low though. The rest of it was worth $17 million opening day and, if he kept it, would be worth about double now. Konstantin: Well, it was a very organic process. Too big? He also volunteers at the The American Bookbinders Museum, a fully-functional 19th-century-style bookbindery in San Francisco. Or our friends background? It wasnt a long newsletter. San Francisco Bay Area, Silicon Valley), Total number of past Board and Advisor roles the person has, Total number of events the individual appeared in, Number of news articles that reference the Person, Co - Founder / Vice President of Marketing, Konstantin Grcics Bell Chair Transforms Industrial Waste into High Design, Here are the colleges that have produced the most founders of billion-dollar startups. Youre one of the co-founders of one of the top Silicon Valley firms. "We're here to build a business, not to create something cool," cofounder Konstantin Guericke told Business Week in 2006. What did you learn from them? They want to meet more people. You guys were pioneers in question and answer sites before [INAUDIBLE] you had quality from our networks with voting up and down and with the right answers, not like Yahoo type answers. Buying LinkedIn, Microsoft makes big bet on social data. Net Worth Spot works to ensure our estimates are the most accurate influencer net worth predictions you will find anywhere on the web. Previously, Konstantin has been the CEO of jaxtr, a social communications start-up with over ten million registered users, and he also served on the boards of Rallypoint and Whitepages. How effective was that? So I see that as a big obstacle here. Cofounder Konstantin Guericke was vice president of marketing and led LinkedIn's marketing from its earliest days until it became profitable in 2006. So what they did was other sites allowed you to suck into your contacts and maybe invite them. And that company name is on there. Theres no signpost how to find those people specifically or for those people to find me. But you dont want to repeat the same mistakes. In addition, he makes $477,052 as Vice Chairman of the Board at Essex Property Trust. July 30, 2020 makin' whoopee - youtube patriots news update. And so when you work on your viral distribution, youve got to be aggressive to get the word out there, but you cant step over a certain line. How do you overcome that when you notice thats one of the big issues in your site? Today he says he's taking time off and working on a "secret" project. But the problem was nobody was applying to jobs because people didnt know it existed, that was not their behavior. Konstantin Khabenskiy's net worth, height, age, weight, affair, relationship, family, movie update, and more are highlighted below. 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. So then we started with $49 and we really tried to promote and LinkedIn became better known that there are job listings. 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. Youll hear all about them here, including why they intentionally targeted an audience that had money so they could generate revenue. Definio de Guericke no dicionrio ingls com exemplos de uso. Do you say, Hey my name is Konstantin. #2190 Konstantin Sixt on the 2022 Billionaires - Konstantin Sixt, together with his brother, Alexander, owns 56% of Sixt SE, one of the world's largest . . The audio just cut out. GuerickeGuericke25Guericke Educalingo Actually Plaxo was very big at the time already. Konstantin: So when people read about all the privacywhy its a safe thing to do they would actually start being concerned about it. They had a viral marketing engine attached to them. In addition to serving on the boards of several startups, Konstantin continues to advise LinkedIn on the company's activities in the German market. Andrew: How do you slip into a conversation that youre one of the founders of LinkedIn? He was born on January 11, 1972, in Saint Petersburg, Russia. in Engineering from Stanford University. Before jaxtr, he co-founded LinkedIn, which with over 15 Million European members is Europe's largest business network. 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. They actually had really good functionality. Statements. Twitter, even afterwards. Thankfully that worked, the site went viral, and today it's a $25 billion company with 313 million members in over 200 countries, and an employer of 5,700. What they finally came up with was a series ofingredientsthat they used to create LinkedIn. I didnt do it to earn money. It was very clear what it was about, it was usually theyd try to do a win-win transaction and the majority of people think of LinkedIn kind of as their office. Our estimate may be low though. I mean Im not doing it now. LinkedIn Co-founder Konstantin Guericke - The keys to building a long lasting B2B Network by Metrics that Measure Up. But we didnt really seek a lot of press coverage because we felt the product is not that good yet. Well get some marketplace going so that we get to tap into those bigger revenue dollars down the road. 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. Service providers look for clients so I think thats one of the many upsides that LinkedIn has. David Sze was cofounder of Brience and is now a partner at Greylock. 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. They were interrupting people in that quiet office environment. Last Update. Most start ups are like that. Same thing happened to Friendster and all these other networks. She joined LinkedIn in 2004, about a year after the website launched when it was still tiny, about 25 employees. And the networkers were also very active but they would just want to and enlarge their network. 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. No matter how you look at it, LinkedIn is one of the stand-out Valley success stories. So these three things were really in People Map. Konstantin most recently was also a partner with Earlybirds fifth venture fund, which was $200 mil and based in Berlin. Whats your biggest struggle in business? And he would tell me about it and I would walk with the person to my office afterwards and say, Okay, let me show you how you might be able to solve that problem. Because almost always solving a problem involves information or people so you need to find the right person or you need information. So we would segment our user base into fairly small segments and look at what is the type of message that may be useful. 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. Improve It. If my friend knows a friend who knows a friend who knows a friend who knows that VC Im not going to send it out because itll be awkward traveling through three or four different people. When we launched we had the network logged to four degrees but over time we really learned that three degrees is what people feel most comfortable with. Andrew: Ive been unfair with you and your time. $1.3B. Disclamer: Konstantin Guericke net worth displayed here are calculated based on a combination social factors. Konstantin Guericke is a Partner at Earlybird. 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. Theyre more communication oriented. So its structurally impossible to charge them for what they really wanted to do. We didnt have recommendations at the beginning but we kind of launched that to make people see its something different than a resume. 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. Andrew: Sorry. So that was definitely something we had to adjust to but we think that was partly because of the space that were in. 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. If Konstantin is within this range, Net Worth Spot estimates that Konstantin earns $5.79 thousand a month, totalling $86.83 thousand a year. 2 SlideShares 1 Clipboard 11 Followers 381 Followings. Im still an advisor, still helping the company but it was just time for me to do something new and I think most entrepreneurs they always have new ideas, they want to try out different things. 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. But again, they sort of tricked people into inviting their friends and especially in the professional crowd that does not go over very well. Wed also seen Friendster starting to really take off on the social side. A lot of the founding team left that year. Net Worth Spot is the largest resource that estimates influencers' net worth. Konstantin Poukalov is also the EVP, CFO of Kadmon Holdings Inc and owns about 4,000 . Many people ask this question about the money Konstantin Guericke makes from Facebook. Now a lot call us the Facebook for business. Konstantin: Well we basically knew the job listings take a while. We were both doing virtual worlds, virtual communities. 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. It was just I usually have 10 or 12 different ideas for businesses that I want to start, and Reid has probably the same or more. 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. At the end of all of that what is on a personal level, what is the big reward for you? Konstantin Kisin Net Worth. 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. Andrew: You had an idea that you had three features that you were going to launch with and one you still havent even launched. Konstantin: We launched with both. Konstantin Guericke (September 19, 1967, Hamburg Germany) - was the vice president of Marketing during the early start-up phase of LinkedIn. Konstantin Khabenskiy is 49 years old (in 2021). But one of our co-founders handled more the product piece which I think is the more interesting. So we have more of a specific segment. If you want to do more theres more you can do. Andrew: Lets go on now. 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 . Theyre saying, Were starting this new service. Today she's focused on angel investing, giving "both my time and direct investment," she says on her LinkedIn profile. LinkedIn-Mitgrnder und Netzwerk-Profi Konstantin Guericke. konstantin guericke TikTok. If you want to find Konstantin you know you can find him on LinkedIn. LinkedIn (/ l k t n /) is a business and employment-focused social media platform that works through websites and mobile apps.Launched on May 5, 2003, owned by Microsoft. Mountain View, CA . But we never implemented that. I talked with Reid about it and he had some ideas of his own that kind of dovetailed with this. People are not doing that enough. In fact, I would say most of the blogs were critical and felt that LinkedIn was half-baked and not useful and all these things. From 2015 most of the company's revenue came from selling . A lot of people now dismiss Friendster, but they dont remember how big it really was at the time. 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. First thing youre asking people to do is come one and write their resumes. Or something like the LinkedIn answer section. Do they really want that? I invited Konstantin to tell us how his vision grew into such a big company. Its a marketplace and people werent used to posting jobs on LinkedIn and people werent necessarily looking for jobs on LinkedIn. sponsored content and product sales, which are not reflected in these numbers. 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. 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. Sinnimos e antnimos de Guericke e traduo de Guericke a 25 lnguas. 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. Born in . The first was a dating site called SocialNet that would not only find you a date but also did business networking and roommate matching. 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. Bis er auf ein anderes Pferd setzte. Not from all segments but often that was not unusual to get 20% click through rates because we target them so carefully. Most people though dont call her, but seeing a real number increases their confidence in her and they buy. 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. Thanks for liking this post. Why leave in 2006? 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. 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. By clicking Sign up, you agree to receive marketing emails from Insider Adems, compartimos informacin sobre el uso del sitio web con nuestros partners . Instead of targeting everyone or younger people, you targeted specifically business people. 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. 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. Andrew: OK. Born in Ukraine, this 47-year old billionaire is a graduate of Moscow Institute of Physics and Technology. It all started with a series of walks thatKonstantin Guericke took with his future LinkedIn co-founder, Reid Hoffman. What is your name? He says, Why are you coming into my office? The other person says, No. You said, and I wrote this down, that there were many other companies that failed. 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. About Konstantin Grigorishin Russian businessman Konstantin Grigorishin has an estimated net worth of $1.2 billion as of March 2013 according to Forbes. Konstantin has long-time entrepreneurial experience as founder of successful startups and he has helped established companies towards increased growth. 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. 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. Why did you guys not accept that as a reason to not do what you did? Sometimes it works through just pure word of mouth where people just hear. Please only use it for a guidance and Konstantin Guericke's actual income may vary a lot from the dollar amount shown above. how much does TheCOUB - make. Everybody likes to have fun, right? It was a good learning opportunity. If a channel is monetized through ads, it earns money for every thousand video views. Konstantin, good to meet you. 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