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There is a significant momentum behind the social Internet. A wide range of public investors were very enthusiastic about that.

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
Social
Investors
Range
Significant
Wide
Internet
Behinds
Behind
Momentum
Public
Enthusiastic

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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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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 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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Facebook is a platform inside a platform.
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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 coming an era for people with a mathematical state of mind
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Facebook can be an accumulation of different intelligences.
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Google never knew how successful key words would be.
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There is huge demand for artificial intelligence technologies.
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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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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 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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Big Internet companies on average are capable of generating revenue of $1 million per employee, and that compares to 10 to 20 percent of that which is normally generated by traditional offline businesses of comparable size.
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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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Russia is one of the places where significant presence of social networks are driven by domestic players right now.
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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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I am not an oligarch. I am a servant and I try to align my interests and those of my investors.
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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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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.
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