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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: 63
Born: 1961
Born: November 11
Entrepreneur
Physicist
Moscow
Russian SFSR
Yuri Borisovich Milner
Yuri Bentsionovich Milner
Millions
Companies
Generating
Company
Traditional
Comparable
Bigs
Size
Generated
Million
Revenue
Average
Normally
Capable
Businesses
Internet
Employee
Offline
Percent
Compare
Compares
More quotes by Yuri Milner
Facebook can be an accumulation of different intelligences.
Yuri Milner
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
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
It’s not how much something’s worth today, it’s what it’s worth in five or 10 years.
Yuri Milner
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
There is huge demand for artificial intelligence technologies.
Yuri Milner
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
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
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
You can transmit a thousand times more information.
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.
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
Russia is one of the places where significant presence of social networks are driven by domestic players right now.
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
Google never knew how successful key words would be.
Yuri Milner
There is a significant momentum behind the social Internet. A wide range of public investors were very enthusiastic about that.
Yuri Milner
You have to travel globally today to know what's going on and maintain an edge.
Yuri Milner
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
Facebook is a platform inside a platform.
Yuri Milner
I'm trying to learn from various corners of the world.
Yuri Milner