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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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Yuri Milner
Age: 62
Born: 1961
Born: November 11
Entrepreneur
Physicist
Moscow
Russian SFSR
Yuri Borisovich Milner
Yuri Bentsionovich Milner
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Internet
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Offline
More quotes by Yuri Milner
Facebook can be an accumulation of different intelligences.
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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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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 huge demand for artificial intelligence technologies.
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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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You have to travel globally today to know what's going on and maintain an edge.
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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.
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I'm just focused on exploring new opportunities.
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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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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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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.
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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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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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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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I have invested in four social networks. More than any other. But that's in Russia and Poland.
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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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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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There is coming an era for people with a mathematical state of mind
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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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