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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: 63
Born: 1961
Born: November 11
Entrepreneur
Physicist
Moscow
Russian SFSR
Yuri Borisovich Milner
Yuri Bentsionovich Milner
Bottom
Margins
Line
Revenue
Lines
Scale
Business
Scales
Become
Digital
Fundamental
Fundamentals
Economics
Revenues

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I'm just focused on exploring new opportunities.
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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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I have invested in four social networks. More than any other. But that's in Russia and Poland.
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I'm trying to learn from various corners of the world.
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You can transmit a thousand times more information.
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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 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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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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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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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 a significant momentum behind the social Internet. A wide range of public investors were very enthusiastic about that.
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The largest newspaper in the United States is only reaching 1 percent of population. We are kind of assuming that 'Wall Street Journal,' 'USA Today,' and other newspapers are very important. Yes, they're extremely important, but only to 1 percent of the population on a daily basis.
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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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There is huge demand for artificial intelligence technologies.
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Facebook didn't know how successful Zynga would be.
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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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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 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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