If you have an idea to sell anything, set up your store on Shopify.com because Shopify stores are designed to increase sales. : #konstantin . Or for a conference [INAUDIBLE] LinkedIn is a good value. So for a lot of users, it was actually interesting, it was almost like a donation where they felt they owed LinkedIn something because theyd been using it for free for so long. Stealth launches are hard and social network stealth launch is even harder. Konstantin: Not very much. But then after the start-up I think its a good time to balance it out serially. Net Dollar Retention Rate - with Kris Beible - Software Equity Group by Metrics that Measure Up. RallyPoint is also exploring another round of funding, Guericke confirmed. YouTubers can earn an average of between $3 to $7 per thousand video views. The rest of it was worth $17 million opening day and, if he kept it, would be worth about double now. 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. Reid worked on Relationships.com which became SocialNet and then PayPal. Theyre more communication oriented. So we felt the timing was right. And thats why Im very bullish on the company is because when people really try to use it for a business purpose it almost always works great. You gave me a little bit of time and I just couldnt say goodbye and the audience hears it. I know that you had a consistent and steady growth at LinkedIn and you continue to. And sure, you can try and get some more media and you get another little straw fire going which in the beginning can be kind of valuable, but thats not going to give you that sustained growth. Because people do know that most recruiters are on LinkedIn these days. LinkedIn was actually Hoffman's second attempt at a social network. But really when he was ready to leave PayPal, we kind of started those conversations again and the timing seemed good. Explore Eric Ly net worth, birthday, height, age, bio, salary, 2023! I think you also got some press mentions early on. Was Networking mit heien Urlaubsflirts gemein hat. Who charges money on the internet? Konstantin Guericke, Ian McNish, Yan Pujante, and Chris Saccheri. Andrew: OK. What was it? Konstantin: If thats important to you. LinkedIn might have gotten screwed out of $130 million, but the early members all did pretty well for themselves. konstantin guericke net worth. Thats very rare. 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 . It wasnt actually thumbs up or down it was through a recommendation. Adems, compartimos informacin sobre el uso del sitio web con nuestros partners . Conoce el significado de Guericke en el diccionario ingls con ejemplos de uso. 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. It was a very smooth transition. as . Now its obviously a little harder to get someone to subscribe but we offered both. But it turns out lots of people wanted to look for that existing friend. Hi, everyone. To be found I really should put more information in. Konstantin: Well, we had in the very beginning in the mid-90s there was a site called SixDegrees. Youll hear us mention in this program a lot of social networks that flopped. So you can find that balance but I think you might have to do it in stages. There was some of that impact: wow. Sinnimos y antnimos de Guericke y traduccin de Guericke a 25 idiomas. I was planning to accept it but Ill do it now. Which is exactly how the idea of the reminder was born, that we send out a reminder a couple weeks after the invitation because a lot of people did want to accept it just wasnt a high priority right then. Online resources estimate Konstantin's net worth to be $1,412,036. But people often when they pay it is something that highlights them in the search results so people feel good about it if they like the LinkedIn brand and if they pay for it it just gives you a little extra notation. 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. Konstantin: Oh, this happened to be, who did my former client have lunch with the week before and mentioned it? I thought the butler would be holding onto the webcam and another butler would be holding onto the microphone. Andrew: Im sorry but Ive got to dig in deeper on 350 to 4500 members. Today she's focused on angel investing, giving "both my time and direct investment," she says on her LinkedIn profile. But then, it kind of imploded pretty quickly as well because there really was no purpose or value to it. He kept his LinkedIn stake, selling $1.3 million worth in the IPO, the New York Times reported. On a personal level? However, it's uncommon for YouTube stars to rely on a single source of revenue. Kind of like a Google for a specific, narrow need. Andrew: Ive got a good sense of what you were looking for. As an engineering alum, he guides other engineering students with their startup ideas. 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. Two decades later, in 2015, LinkedIn . So the recommendation had to come from a client. When we consider many revenue sources, Konstantin's net worth could be as high as $486.25 thousand. Im still a consultant at LinkedIn but not involved full time anymore. 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. his net worth has been growing significantly in 2021-2022. Liked by Konstantin Guericke. 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? 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. Our estimate only uses one source of revenue though. Andrew: OK. Reid Hoffman is very big on saying I think its something like, Unless youre a little embarrassed by what youve launched youve built too much. So, what was your first version like? Theyre going to do it before me. But really, timing is everything, and luck is a lot of it, too. So I needed something more like PowerPoint which provides the template where I just fill in the blanks. How do you overcome that when you notice thats one of the big issues in your site? People didnt even understand how LinkedIn worked. 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.. In December 2016 Microsoft purchased LinkedIn for $26 billion. Today, LinkedIn is the world's largest professional network with 774+ million members in more than 200 . Andrew: Why wasnt it useful? Plus Shopify makes it easy to set up a beautiful store and manage it, Shopify.com. Twitter, even afterwards. So we would segment our user base into fairly small segments and look at what is the type of message that may be useful. 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. Most people though dont call her, but seeing a real number increases their confidence in her and they buy. 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. And how they planned to make it to be social so users would promote it. It wasnt so much me pitching him to bring him on board. LinkedIn. That definitely increased the slope of things but often it was just little tweaking. No matter how you look at it, LinkedIn is one of the stand-out Valley success stories. I see you were there from 2002 to 2006. Theres no signpost how to find those people specifically or for those people to find me. Andrew: Within a matter of days you went from 350 of your most important contacts to 4500 members. Since you did your research I think you saw from the very first press articles we talked about. I was working always on the upload text, invitation text, the little how its displayed. Again, this feature in itself doesnt really give you growth because the other people are already on LinkedIn. So how do you become one of those seven? Founded in 1995 by now 60-year-old Lynda Weinman, she founded the site as a place students could go for free resources. About Konstantin Grigorishin Russian businessman Konstantin Grigorishin has an estimated net worth of $1.2 billion as of March 2013 according to Forbes. 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. Andrew: Lets go on now. Konstantin Guericke. Konstantin holds a B.S. Show me that you guys were human. in Engineering from Stanford University. I invited Konstantin to tell us how his vision grew into such a big company. Youre one of the co-founders of one of the top Silicon Valley firms. edit. LinkedIn-Grnder Konstantin Guericke erklrt, wann sich der Umzug nach Kalifornien lohnt - und warum Berufsstarter ohne eigene Webseite besser dran sind. For example, when we launched we didnt show you how many degrees someone was away because we felt that was a privacy violation to show that this persons a friend of a friend. 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. And he really does play the bagpipes. Konstantin is a British YouTube channel with over 1.16M subscribers. I forgot. 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. Net Worth: $1.1 Billion. $17,514. 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? 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. It is very hard once you establish a brand for something specific its hard for people to look at it in a new way. But you dont want to repeat the same mistakes. Los Angeles kguericke@kbhome.com. Estimation. 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? So we kind of postponed it for a while. You know what? The second was really around questions and answers and the third was something called contact finder where youd have a request and people would send it to people who are not in the network. Let me try it. But the great thing is it almost always works really well. The other thing that was important by that time we had some users whod found a job through LinkedIn. The estimated net worth of Konstantin Poukalov is at least $6 Million dollars as of 2022-12-21. Revenue Collective, Sales Hacker, Modern Sales Pros, RevGenuis, and Bravado all dramatically increased their membership and levels of engagement following the onset of COVID.Who better to discuss the trend of B2B communities, than a founder of the world's largest B2B network, LinkedIn. The net worth of Konstantin's channel through 19 Jan 2023. Theres seasonality in it and so forth. But if it helps them in their business or their career theyre quite happy to pay. He is currently a partner at the venture capital firm Greylock Partners and a co-founder of Inflection AI. Or our friends background? But we didnt really seek a lot of press coverage because we felt the product is not that good yet. Grasshopper Dont make the mistake of comparing Grasshopper with other phone services. One thing that I found is I did some consulting for a while, and I ended up getting most of my consulting clients, not through a website but really through referrals fromat the beginning from friends and contacts, people they knew and later from my past clients. 0 references. Konstantin shares the key differences . It was a good learning opportunity. But Im really enjoying my time. They would be successful. Konstantin: I think one of the areas Im actually looking at is the LinkedIn API. Technical stuff.". 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. Wed also seen Friendster starting to really take off on the social side. . And constant tweaks of the text of the upload, constant tweaks of the text of the email that we got, constant tweaks of the design of them, thats what you were doing too? 6 %. Net Worth. So I was starting, after three years, I talked with Reid and said, I need some more brain food here. So I started joining advisory boards. In addition to serving on the boards of several startups, Konstantin continues to advise LinkedIn on the company's activities in the . Konstantin: I think it comes down to branding often. 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. Launched - May 5, 2003. And I would be lying if there is a golden rule or a good medium. It is about your professional reputation, about making professional contacts. He used Shopify. 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. Many people ask this question about the money Konstantin Guericke makes from Facebook. Recognizing the potential of the Internet with its vast networking possibilities, Konstantin and his future co-founder Reid . But we werent seeking out anybody. He co-founded LinkedIn with Reid Hoffman, Allen Blue, Jean-Luc Vaillant and Eric Ly, and his name is Konstantin Guericke. Now one way you can make a public request for it like in LinkedIn answers or you can seek out specifically. People are not doing that enough. It all started with a series of walks thatKonstantin Guericke took with his future LinkedIn co-founder, Reid Hoffman. Look what happened to the cofounders of Oracle>>. He left LinkedIn in 2011, through the IPO. And so we looked at these segments and we basically went with the searchers because they fit better together with the rest of the site which are these relationship managers, because they would just every once in a while, contact somebody. So Im working with some grad students at Stanford about building an add on to LinkedIn. How effective was that? Lets talk about the subscriptions. Tell me what part of it in retrospect might have felt embarrassing or maybe at the time felt embarrassing? What part was not useful? I find it one of the most under-utilized sections of LinkedIn but it works really beautifully. So give me a setback. By clicking Sign up, you agree to receive marketing emails from Insider I cant say good bye to you because Ive been looking forward to doing this interview for so long. This was the really early days of the web. First thing youre asking people to do is come one and write their resumes. It was more like what I would tell my friends in email. So we started with $49. 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. So I dont say, This is what I used to do, because I think what you used to do isnt nearly as important or interesting as what youre doing now. 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. He is currently married with three children. Youre in a regular house. The lowest daily views during this period are 0.00. Please enter your email address to continue, Create products people want (By building in increments). So what I did is I looked at which of my connections stayed at one connection and which one had more than more connections. What did you learn from them? We were both doing virtual worlds, virtual communities. Almost guaranteed. And also I kind of wanted a self-updating address book because it was a real pain to keep in touch. So that was definitely something we had to adjust to but we think that was partly because of the space that were in. Its not that there arent useful websites out there. Copyright 2020 - 2023 Net Worth Spot. Disclamer: Konstantin Guericke net worth displayed here are calculated based on a combination social factors. As I mentioned, this general problem of theres so many great websites, kind of a matchmaking between people who are looking for those great websites. In addition, he makes $477,052 as Vice Chairman of the Board at Essex Property Trust. Question and answer sites. Mountain View, CA . From the Postwar Boom to Global Capitalism, 1945-Today; Themes. But what do you do when its slow growth and its not going monster and you see all these other sites explode. Do you just sit back, hang back like you dont care and then you wait for someone to say, You dont know hes one of the founders of LinkedIn? He went to another hot up-coming company: Netflix. A fresh take on sports: the biggest news and most entertaining lists. Konstantin: It was a combination of two things. I understand you fight back and you rebel against that. 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. And as long as you learn the lessons theres a good chance itll pay off. Well, the platform he used is Shopify. Before jaxtr, he co-founded LinkedIn, which with over 15 Million European members is Europe's largest business network. Andrew: One more question on members and then I want to go onto why you charge people money. The first was a dating site called SocialNet, WHERE ARE THEY NOW? So theyre very happy with that. 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. Konstantin: I just like that creative process of I created my own major in college called Organization Technology Innovation. If youve read his articles on Venture Beat, you know that he can help you with issues like raising money or issuing stock options or even deciding whether to form a corporation. Most start ups are like that. Events. We werent really sure, but mostly we were interested in what does the world need and why do other sites that exist, where did they fail if theyre going after the same thing because its very rarely that youre doing something completely new. What happened to that? Either they would say, Oh, Im sorry. 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. Andrew: Ive been unfair with you and your time. He calls himself a Domestic Infrastructure Support Technician (i.e. Konstantin: Andrew, it looks like you did your research. Konstantin Khabenskiy is a most popular Russian Actor. Our estimate may be low though. We wonder why arent there more things to do on there. Why look for them on a network? Can you talk a little bit about that? Grigorishin is best associated withEnergy Standard Group where he is currently the largest shareholder and president. Theres one question everybody wants answered: How does Konstantin earn money? Email . 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. Friendster had already done a good job. 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. I think when you look at the effort that LinkedIn has put into company profiles I think were getting there slowly to that. 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. 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 why did LinkedIn take off when others couldnt? Will it pay off in a great monetary way? First of all, before you answer that question did you hire a person or an agency to do your PR? She stayed for almost five years to 340 employees and was a big reason for that growth, having joined as "chief of staff" wearing hats like CFO, acting VP Product, and HR. how much does TheCOUB - make. Actually Plaxo was very big at the time already. Konstantin Guericke is the co-founder of LinkedIn, a social network for business whose mission is to connect the worlds professionals to make them more productive and successful. He was also the CEO of Jaxtr, which provides cheap international calling from mobile phones and a network that enables mobile-to-mobile calling and where members socialize around the question What do you want to talk about?. David Eves was another SocialNet alum who hopped on when the SocialNet gang all got together to start LinkedIn. I mean Im not doing it now. Why can you not get more of these people to use this? Maybe I would take one of his ideas and run with it. Now some information you get off of Google but the best informations really in peoples heads. 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. But now Im a consultant, Im not a full time employee and my passion is more different entrepreneurial things that Im working on. 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). So its structurally impossible to charge them for what they really wanted to do. Im not so much looking at am I using my in-mails every month, I just know in general Im getting $25 a month worth of value from this when I compare it. That just makes you a little more interesting. Konstantin: Just when it comes up. They had the reputation at that point. Jump to navigation Jump to search. Konstantin: Well we basically knew the job listings take a while. I remember Guy Kawasaki raved about it and other people raved about it but most of us didnt use it. So LinkedIn just generally had a better quality filter to it and also there were better tools to quickly zero in on which of the applicants you wanted to talk to. National Average. 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. Big question for today is how do you build a site that over 80 million business people become members of? Konstantin net worth for February 2023 - But much of LinkedIn's founding team came from SocialNet, including Vaillant. Hes got his first name as his LinkedIn name which is really cool. Andrew: How did you get so much press? I think the brand got somewhat tarnished when people got too many emails. One more thing that you mentioned earlier. So we, on purpose, launched without pictures. Konstantin's income mostly comes from and basic source is being a successful Russian Astronomer. Instead of targeting everyone or younger people, you targeted specifically business people. 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. I figured I couldnt afford to do a bad job at it. Sehen Sie sich das Profil von Konstantin Guericke im grten Business-Netzwerk der Welt an. 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. I think its a very good idea to do it when youre young because I did it when I had my first daughter and it was a very difficult trade off because theres always more to do. What kind of car I drive or what kind of house I have. Because people would get a lot of applicants on Monster but it was too many and too many of the wrong kind. Well get some marketplace going so that we get to tap into those bigger revenue dollars down the road. So I see that as a big obstacle here. Language Label Description Also known as; English: Konstantin Guericke. Wanna follow Konstantin Guericke's net worth? Access your favorite topics in a personalized feed while you're on the go. . So people become a very effective spam filter so that the good proposals come through and the other ones dont pass through. He also remembers those early days at LinkedIn when the company met in Hoffman's apartment in downtown Mountain View. We didnt put in the name field where you type in the name of a person because we felt like if you know people already you can just email them. A lot of it has to do with the soft factors. 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. If you want to do more theres more you can do. Usually, theres been a founder whos done something similar two years before or five years before or ten years before. Andrew: Three messages before we get started.If youre a tech entrepreneur, dont you have unique legal needs that the average lawyer cant help you with? I think a lot of times for startup success you have to be less concerned that, Oh, someones going to steal my idea.
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