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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.

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
Intelligence
Exchanged
Information
Forefront
Company
Processed
Change
Fundamentally
Way
Artificial
Time
Basis
Bases
Develop

More quotes by Yuri Milner

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I'm trying to learn from various corners of the world.
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Google never knew how successful key words would be.
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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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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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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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Facebook didn't know how successful Zynga 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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There is coming an era for people with a mathematical state of mind
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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 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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I'm just focused on exploring new opportunities.
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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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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 can transmit a thousand times more information.
Yuri Milner
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I must analyze, from what I do now, what will be the impact two or three or five years in the future. What is the statement I want to make?
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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.
Yuri Milner
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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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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.
Yuri Milner
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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.
Yuri Milner