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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: 63
Born: 1961
Born: November 11
Entrepreneur
Physicist
Moscow
Russian SFSR
Yuri Borisovich Milner
Yuri Bentsionovich Milner
Social
Market
Purchasing
Shows
Allow
Networks
Happens
Internet
Reliable
Right
Behinds
Driver
Behind
Largely
Happen
Users
Untapped
Decision
Drivers
Polling
Friends
Decisions
Recommendations

More quotes by Yuri Milner

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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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There is a significant momentum behind the social Internet. A wide range of public investors were very enthusiastic about that.
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You can transmit a thousand times more information.
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Google never knew how successful key words would be.
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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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I'm trying to learn from various corners of the world.
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There is huge demand for artificial intelligence technologies.
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It’s not about revenues: the fundamental economics in digital business is scale and margins. The top line has become the bottom line.
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I'm just focused on exploring new opportunities.
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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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You have to travel globally today to know what's going on and maintain an edge.
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It’s not how much something’s worth today, it’s what it’s worth in five or 10 years.
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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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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. Ask a question, translated into many languages and somebody, somewhere in the world, will have an answer.
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The problem is that modern fundamental physics is so far from you and me. The mathematics has become so much more complicated that you need at least 10 years to understand it. Fundamental physics has advanced so far from the understanding of most people that there is really a big disconnect.
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Facebook is at the forefront. It's the company that can fundamentally change the way information is being exchanged and processed. It can be the basis for artificial intelligence to develop over time.
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There is coming an era for people with a mathematical state of mind
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Facebook didn't know how successful Zynga would be.
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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.
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