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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

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Yuri Milner
Age: 62
Born: 1961
Born: November 11
Entrepreneur
Physicist
Moscow
Russian SFSR
Yuri Borisovich Milner
Yuri Bentsionovich Milner
Line
Revenue
Lines
Scale
Business
Scales
Become
Digital
Fundamental
Fundamentals
Economics
Revenues
Bottom
Margins

More quotes by Yuri Milner

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Social is a better way to interact with digital world. It is better than search. Implications for... everything. Total change.
Yuri Milner
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Facebook didn't know how successful Zynga would be.
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.
Yuri Milner
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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.
Yuri Milner
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It’s not how much something’s worth today, it’s what it’s worth in five or 10 years.
Yuri Milner
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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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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.
Yuri Milner
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There is coming an era for people with a mathematical state of mind
Yuri Milner
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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.
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.
Yuri Milner
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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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I'm just focused on exploring new opportunities.
Yuri Milner
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Facebook can be an accumulation of different intelligences.
Yuri Milner
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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.
Yuri Milner
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I'm trying to learn from various corners of the world.
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.
Yuri Milner
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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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Google never knew how successful key words would be.
Yuri Milner
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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.
Yuri Milner
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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.
Yuri Milner