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Russia is one of the places where significant presence of social networks are driven by domestic players right now.

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
Russia
Driven
Places
Player
Networks
Social
Domestic
Right
Players
Presence
Significant

More quotes by Yuri Milner

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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 am not an oligarch. I am a servant and I try to align my interests and those of my investors.
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You can transmit a thousand times more information.
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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'm just focused on exploring new opportunities.
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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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Facebook is a platform inside a platform.
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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 have invested in four social networks. More than any other. But that's in Russia and Poland.
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There is coming an era for people with a mathematical state of mind
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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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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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Social is a better way to interact with digital world. It is better than search. Implications for... everything. Total change.
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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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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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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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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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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.
Yuri Milner