Quote

The polling of Internet users shows that friends recommendations are the most reliable driver behind purchasing decisions. Right now that market is largely untapped. Facebook and other social networks can allow that to happen.

Yuri Milner

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Yuri Milner
Age: 62
Born: 1961
Born: November 11
Entrepreneur
Physicist
Moscow
Russian SFSR
Yuri Borisovich Milner
Yuri Bentsionovich Milner
Shows
Allow
Networks
Happens
Internet
Reliable
Right
Behinds
Driver
Behind
Largely
Happen
Users
Untapped
Decision
Drivers
Polling
Friends
Decisions
Recommendations
Social
Market
Purchasing

More quotes by Yuri Milner

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There is a significant momentum behind the social Internet. A wide range of public investors were very enthusiastic about that.
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I'm just focused on exploring new opportunities.
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I think top scientists need to be compensated at a different scale in society. Somebody with experience will tell you that true scientists are not motivated by money - they are motivated by the quest itself. That is true. But I think an additional recognition will not hurt.
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The hardware and the software used in the Breakthrough project will be compatible with other telescopes around the world, so they too can search for intelligent life.
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Science is one of a handful of things that defines us as a very special species. It is amazing how far we have been able to get and how accurate our predictions are. I think understanding how the universe was born is very important. It really gives us a perspective on many things.
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I have invested in four social networks. More than any other. But that's in Russia and Poland.
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Facebook can be an accumulation of different intelligences.
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Facebook didn't know how successful Zynga would be.
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You have to travel globally today to know what's going on and maintain an edge.
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There is huge demand for artificial intelligence technologies.
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It is hard to think of practical applications of the black hole. Because practical applications are so remote, many people assume we should not be interested. But this quest to understand the world is what defines us as human beings.
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Google never knew how successful key words would be.
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I have this ratio that if you divide age of entrepreneur by market cap of company. For Facebook it's one. Every year of his life Zuckerberg has been making $1 billion for investors.
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Facebook is a platform inside a platform.
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The company that creates one global social graph will be very important going forward. It will be Facebook, with maybe 2-3 local social networks able to sustain competition long term.
Yuri Milner
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Russia is one of the places where significant presence of social networks are driven by domestic players right now.
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Facebook now is mostly about people you know. In the future it could be about people you know less but are more important.
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The largest newspaper in the United States is only reaching 1 percent of population. We are kind of assuming that 'Wall Street Journal,' 'USA Today,' and other newspapers are very important. Yes, they're extremely important, but only to 1 percent of the population on a daily basis.
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I don’t think there’s any company that has reached $1 billion in revenue as fast as Xiaomi. In every conceivable benchmark, it’s almost unprecedented in terms of its speed of growth.
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Fundamental physics is like an art more or less. It's completely non-practical, and you can't use it for anything. But it's about the universe and how the world came into being. It's very remote from your daily life and mine, and yet it defines us as human beings.
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