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You shouldn't be afraid of failure - when something fails, you think, 'What did I learn from that experience? I can do better next time.' Then kill that project and move on to the next. Don't get disappointed.
Niklas Zennstrom
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Niklas Zennstrom
Age: 58
Born: 1966
Born: February 16
Businessperson
Computer Scientist
Entrepreneur
Scientist
Järfälla kommun
Next
Kill
Better
Failure
Something
Failing
Time
Afraid
Fails
Think
Move
Disappointed
Thinking
Learn
Project
Moving
Shouldn
Experience
Projects
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The Chinese market is very, very unique.
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If you could utilize the resources of the end users' computers, you could do things much more efficiently.
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Talent can pop up anywhere in the world, it's not just one city block.
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Some Internet operators are concerned that video services such as Netflix and YouTube consume lots of the bandwidth on the network. While there is some truth to this, my guess is that the operators wished they could provide the same kind of services with the same success as Netflix and YouTube.
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If you want to be an entrepreneur, it's not a job, it's a lifestyle. It defines you. Forget about vacations, about going home at 6 pm - last thing at night you'll send emails, first thing in the morning you'll read emails, and you'll wake up in the middle of the night. But it's hugely rewarding as you're fulfilling something for yourself.
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Today as an entrepreneur you have more options.
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We have just started, and if you compare the number of people using Skype to the number using a telephone network around the world, we're still just starting.
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It is very similar to companies like Google and other internet companies. When you go and search on Google you don't pay for that. But sometimes you click on an advert and Google makes money on that.
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Skype is for any individual who has a broadband Internet connection.
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The next Google or Facebook will come from somewhere other than Silicon Valley.
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When radio stations started playing music the record companies started suing radio stations. They thought now that people could listen to music for free, who would want to buy a record in a record shop? But I think we all agree that radio stations are good stuff.
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People need to access Skype wirelessly, no matter where they are, and what happens is that we'll be taking advantage of the rollout of Internet everywhere - WiFi and WiMax in particular.
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As an investor, what we're not looking for is 'oh this is a cool app,' it's 'is this something that can become a big business?' You need to find those that can become real businesses.
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I try not to dwell on big mistakes but to move on when I make a mistake. I make mistakes most of the times and that's part of the risk profile being an entrepreneur. I guess one big mistake I did was not to start my own company earlier. I spent nine years working for others before starting Kazaa in 2000.
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Today, over one million people now make their living on eBay, which is astounding.
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Another differentiator is that Skype is free and simple to set up, and it costs us virtually nothing for a new user to join the Skype network, which is why we can offer the service for free.
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They also can combine voice with instant messaging and online file sharing.
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Video is moving online in a big way. It's proven to be a challenging market for some companies that start out as a pure Internet company such as Joost.
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Surround yourself with smart, dedicated people - to build something isn't a one-man show. It's more important to have smart people who really believe in what you're doing than really experienced people who may not share your dream.
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