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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.
Niklas Zennstrom
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Niklas Zennstrom
Age: 58
Born: 1966
Born: February 16
Businessperson
Computer Scientist
Entrepreneur
Scientist
Järfälla kommun
Company
Challenging
Start
Online
Bigs
Companies
Moving
Video
Way
Market
Internet
Pure
Challenges
Proven
More quotes by Niklas Zennstrom
We also have a conference call feature where up to five people can talk on one Skype call.
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Silicon Valley is the best place to start a tech company in so many ways.
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Today as an entrepreneur you have more options.
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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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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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Skype is for any individual who has a broadband Internet connection.
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The Chinese market is very, very unique.
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They also can combine voice with instant messaging and online file sharing.
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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.
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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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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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International markets are much bigger than the U.S. In Sweden we have 9 million inhabitants, and if you're successful in Sweden, you're not successful - it's such a small market.
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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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Today, over one million people now make their living on eBay, which is astounding.
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As an entrepreneur, if you're the originator, you need to be faster than ever.
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Talent can pop up anywhere in the world, it's not just one city block.
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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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The next Google or Facebook will come from somewhere other than Silicon Valley.
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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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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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