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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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Yuri Milner
Age: 63
Born: 1961
Born: November 11
Entrepreneur
Physicist
Moscow
Russian SFSR
Yuri Borisovich Milner
Yuri Bentsionovich Milner
Able
Creates
Important
Global
Going
Competition
Graph
Long
Forward
Graphs
Maybe
Networks
Company
Sustain
Term
Locals
Social
Local
More quotes by Yuri Milner
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 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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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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You have to travel globally today to know what's going on and maintain an edge.
Yuri Milner
Facebook is a platform inside a platform.
Yuri Milner
I have invested in four social networks. More than any other. But that's in Russia and Poland.
Yuri Milner
I am not an oligarch. I am a servant and I try to align my interests and those of my investors.
Yuri Milner
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.
Yuri Milner
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
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?
Yuri Milner
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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It’s not how much something’s worth today, it’s what it’s worth in five or 10 years.
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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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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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I'm trying to learn from various corners of the world.
Yuri Milner
Google never knew how successful key words would be.
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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
There is huge demand for artificial intelligence technologies.
Yuri Milner
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