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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.

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
Less
Important
People
Mostly
Future

More quotes by Yuri Milner

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There is huge demand for artificial intelligence technologies.
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Google never knew how successful key words would be.
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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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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 didn't know how successful Zynga would be.
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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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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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There is coming an era for people with a mathematical state of mind
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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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You have to travel globally today to know what's going on and maintain an edge.
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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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You can transmit a thousand times more information.
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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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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'm trying to learn from various corners of the world.
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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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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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Facebook can be an accumulation of different intelligences.
Yuri Milner