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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
Fundamental
Fundamentals
Economics
Revenues
Bottom
Margins
Line
Revenue
Lines
Scale
Business
Scales
Become
Digital

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You can transmit a thousand times more information.
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I'm just focused on exploring new opportunities.
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Social is a better way to interact with digital world. It is better than search. Implications for... everything. Total change.
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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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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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Facebook didn't know how successful Zynga would be.
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Google never knew how successful key words would be.
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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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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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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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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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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'm trying to learn from various corners of the world.
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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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The hardware and the software used in the Breakthrough project will be compatible with other telescopes around the world, so they too can search for intelligent life.
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There is huge demand for artificial intelligence technologies.
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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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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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