LinkedIn (/ l k t n /) is a business and employment-focused social media platform that works through websites and mobile apps.Launched on May 5, 2003, owned by Microsoft. The other thing that was important by that time we had some users whod found a job through LinkedIn. Do you just sit back, hang back like you dont care and then you wait for someone to say, You dont know hes one of the founders of LinkedIn? A fresh take on sports: the biggest news and most entertaining lists. a family man), on his LinkedIn profile, which sounds an awful lot like a retirement job. Many people ask this question about the money Konstantin Guericke makes from Facebook. Konstantin's exact net worth is not precisely known, but our website Net Worth Spot estimates it to be over $347.32 thousand. Always growing very steadily at a good clip, but nothing extraordinary, nothing like Friendster, nothing like MySpace, nothing like Facebook, nothing like YouTube. So we would go on weekly walks, and on each walk we would pretty much try to take one idea and the other person would try to tear it apart and see why it wouldnt work. For example, when we launched we didnt show you how many degrees someone was away because we felt that was a privacy violation to show that this persons a friend of a friend. Sometimes it works through just pure word of mouth where people just hear. So, how much is Konstantin Batygin networth at the age of 35 years old? Konstantin: First of all it wasnt useful. In fact, the Harvard Business School has a case study just covering that very case, all the thoughts that went into that. Like search engine optimization for your LinkedIn profile because this is where a hit can really matter, it can change your career, it could change your relationship. Watchthis video to learn about him. Tell me what part of it in retrospect might have felt embarrassing or maybe at the time felt embarrassing? Konstantin Khabenskiy is a most popular Russian Actor. Konstantin Poukalov is the Director, 10% Owner of Landos Biopharma Inc and owns about 14,869,915 shares of Landos Biopharma Inc (LABP) stock worth over $6 Million . If theres ever an interview to rewind and re-listen to I believe its this one. Konstantin: Well we basically knew the job listings take a while. I made that.. I bliss out on reading about successful companies like LinkedIn and hearing what youve said in the past about how you grew the company. He left LinkedIn in 2011, through the IPO. So people feel quite good about it. . Whats up? But basically as people got more applicants we could charge more. So we, on purpose, launched without pictures. Andrew: One more question then Ive got to ask you about a big mistake, a potential big mistake, that I have here in my notes to come back to you on. Im wondering, early days, 03 people hate you. So if you could convince that person that what failed for them then will work now and you get that person on your advisory board that will help you a great deal with fundraising because this person can say, Look. 2002-2003 he founded the business together with Reid Hoffmann, Allen Blue, Eric Ly and Jean-Luc VaillantNetwork LinkedIn and was marketing director there. Our estimate only uses one source of revenue though. Er wurde durch das Business-Netzwerk zum Millionr und wei, worauf jeder . It has forever changed how we find jobs and network with business colleagues. Our estimate may be low though. About 30 people became millionaires today, and a few became billionaires. Before jaxtr, he co-founded LinkedIn, which with over 15 Million European members is Europe's largest business network. Konstantin: I think thats where persistence comes in. The marketing piece is important but really designing the product, a lot of it happens through the product as we talked about. By clicking Sign up, you agree to receive marketing emails from Insider When Microsoft acquired LinkedIn in 2016 for $26.2B, it was the world's "largest social networking site focused on the working world" with more than 400 million registered . I didnt do it to earn money. Thanks for liking this post. Was it that you had some viral component already baked into that first version that got the growth? They were interrupting people in that quiet office environment. People weren't joining the service, untilHoffman "sat down with the team and said, if we don't solve this, we're dead." Konstantin: We actually didnt seek a lot of press. In addition to serving on the boards of several startups, Konstantin continues to advise LinkedIn on the company's activities in the . But the problem was nobody was applying to jobs because people didnt know it existed, that was not their behavior. Almost guaranteed. : Konstantin(@konstantin_leaks), Konstantin(@konstantin_leaks), Konstantin(@konstantin_leaks), Konstantin (@enverst), Konstantin(@konstantin). Just imagine you have a car, another car comes by and goes faster and the next car goes faster. So during lunch people would naturally give us feedback. There may be plans that I dont know of. and M.S. Today he says he's taking time off and working on a "secret" project. And also I kind of wanted a self-updating address book because it was a real pain to keep in touch. And so, one of the first things we had to add to the search box, we had to add the name field so people could search for the people they know. You were saying that it was always happenstance, and then we lost the connection. His net worth is USD $1 Million approx in 2021. What were those three features that you had in mind? How can you reallythat would be very satisfying. One other half we built later, but the third feature we still havent built it seven and a half or eight years later. Go back to like a minute and a half after the intro of this interview where I do the commercials, go about a minute and a half in and relisten to it and thank you for watching the first time, the second time, the third time and so on. Andrew: Me too. 2 SlideShares 1 Clipboard 11 Followers 381 Followings. Estimation. But in terms of Plaxo, I think the issue was that they tried too hard to be viral and they ended up really turning some people off. Can you talk a little bit about that? How do you make sure you give that to your users quickly so that you can ensure that theyre happy and delighted with what you created? It started 9 years ago and has 198 uploaded videos. Konstantin: Well, actually I did talk to Reid back then because we had met. Konstantin: We had basically two very active user segments. February 29th, 2012. Konstantin is a British YouTube channel with over 1.16M subscribers. The first thing is really how do you get distribution for this because thats where most Internet businesses fail. So I see that as a big obstacle here. Number of Events 1. Konstantin Guericke is an entrepreneur who was most recently CEO of jaxtr, a social communications start-up with over 10 million registered users that was purchased by SabSe Technologies in June 2009. November 2019. Konstantin Guericke, Co-Founder of LinkedIn, joins the Board of Directors of RallyPoint, the network where military service members and veterans come together, mentor, and discuss military life . At LinkedIn, Ly worked on a lot of the core features that helped you find your friends on the site, including the search algorithm and that cool feature that ties LinkedIn to Outlook. Now Im sure it will be hard but if you feel like youve worked in an interesting space, you had fun exploring an interesting space, you got to know people who will be your contacts for life and trusted advisors and people to bounce things off or people who will pass on the invitation when you ask them to, who will give you honest feedback not just say great things then thats really worth it. Computers, Internet, and Software in Engineering from Stanford University. Konstantin net worth for February 2023 - You guys were pioneers in question and answer sites before [INAUDIBLE] you had quality from our networks with voting up and down and with the right answers, not like Yahoo type answers. So we have more of a specific segment. But if it helps them in their business or their career theyre quite happy to pay. Didnt you allow linking from person to person? About. as . The first was a dating site called SocialNet, WHERE ARE THEY NOW? It has attracted 1.17 million subscribers. Energy Standard Group SA is a holding company that owns power utility and power engineering companies in Grigorishin's hometown. It failed. At the end of all of that what is on a personal level, what is the big reward for you? Again, it was a little bit too early at the time with the whole 3D worlds and avatars and shared space. Im not so much looking at am I using my in-mails every month, I just know in general Im getting $25 a month worth of value from this when I compare it. But it usually had to do with customer intermediaries. The platform is primarily used for professional networking and career development, and allows job seekers to post their CVs and employers to post jobs. Konstantin's net worth may really be higher than $347.32 thousand. Grasshopper Dont make the mistake of comparing Grasshopper with other phone services. And not searching for someone you know but searching for a kind of person who has the information or the kind of person that you need in your business thats going to help you solve a business problem. Usually, theres been a founder whos done something similar two years before or five years before or ten years before. in Engineering from Stanford University. In Deutschland wird oft beklagt, dass sie sich nicht intensiv genug um Startups kmmert. You know what? Same thing happened to Friendster and all these other networks. Use The Data Import Wizard To Transfer Data From Excel Into Salesforce Der Staat kann gar nicht so viel machen, wie wir manchmal glauben.". Andrew: Give me a big failure because right now Ive just talked to you for about an hour and all we keep talking about is this worked out, this worked out, this worked out, this worked out. Andrew: I want to ask you about that but I know that before you offered subscriptions, I think I got this right, you sold job listings. For the past six years he has been serving as a board member of Doximity, the largest professional network for U.S. healthcare professionals, with more than 70% of . Explore Eric Ly net worth, birthday, height, age, bio, salary, 2023! Why do you think they didnt make it in the field that you were jumping into? And LinkedIn has been very consistent. LinkedIn co-founder Allen Blue on India ambitions, Whitney Bouck Joins Whitepages Board of Directors, RallyPoint Networks, a LinkedIn for Military Vets, Adds $5M, RallyPoint: How Two Veteran Entrepreneurs Are Changing Social Media, RallyPoint: The Social Network for the Military. Today, LinkedIn is the world's largest professional network with 774+ million members in more than 200 . So if you see the initial coverage its not so much, Heres LinkedIn and the vision how its going to make money, but it was more, Look how this guy found this woman and it wasnt for a date, it was for a job. So it became a very personal story and just LinkedIn was the way to make it happen. Im Profil von Konstantin Guericke sind 11 Jobs angegeben. Andrew: Youre a much better person than I. I would get a tee-shirt made and it would say LinkedIn with the logo and underneath say, Yeah. Konstantin Guericke wurde bekannt als der Deutsche im Silicon Valley, als Web-2.0-Pionier und Mitbegrnder von Linkedin. Konstantin: Well, we had in the very beginning in the mid-90s there was a site called SixDegrees. And the searchers would often look likeuse it as a search engine, look for a kind of person often for recruitment but also in the investment area. People didnt even understand how LinkedIn worked. Thanks for doing it. I could do that. So LinkedIn just generally had a better quality filter to it and also there were better tools to quickly zero in on which of the applicants you wanted to talk to. Cofounder Konstantin Guericke was vice president of marketing and led LinkedIn's marketing . I know its blogging that got people to pay attention to you at first. This is why I do these interviews to talk to people like you and to have the kind of conversation that you and I had. We basically waited till we had the Sequoia funding which was six months after launch. LinkedIn cofounder and Stanford alumnus Konstantine Guericke, '90, MS '91, shares personal anecdotes about how LinkedIn came to be the world's largest social. That definitely increased the slope of things but often it was just little tweaking. He calls himself a Domestic Infrastructure Support Technician (i.e. Europe, Menlo Park, China), Where the person is located (e.g. Stealth launches are hard and social network stealth launch is even harder. The rest of it was worth $17 million opening day and, if he kept it, would be worth about double now. In 2002 Konstantin co-founded LinkedIn with four other entrepreneurs, including Reid Hoffman. He's currently focused on adding features that make people use the site daily, such as the news site, LinkedIn Today (now called Pulse), LinkedIn Groups, and LinkedIn's messaging and email products. And it was just a new problem area and I guess you need to be persistent as an entrepreneur but also I love new problems, new challenges. So how are they going to pick you? 2022 Billionaires Net Worth. Qorygore net worth, how much does TheCOUB - make, networth , Boser Geek income, Wira Nagara net worth, Bonn Factory net worth, Fabio Marckezini net worth, Ali-A age, SirKazzio age, paul begley youtube. Every data that I saw in researching you on how members you have today at LinkedIn was wrong because it consistently grows and as soon as you put a number up its out of date. It wasnt a long newsletter. "My proudest professional accomplishment so far is cofounding LinkedIn, but I also believe you learn at least as much from startups that didn't work out as well," he writes in his LinkedIn profile. They actually had really good functionality. Konstantin: Well, I remember we looked at doing something around time capsules so people can pass something on like a digital time capsule to their friends and things like that. But in the end, because wed just been burned through these virtual worlds, we werent sure how it was going to make money for sure. Why not launch it earlier? So, that kind of exploded pretty fast back then. Andrew: OK. Reid Hoffman is very big on saying I think its something like, Unless youre a little embarrassed by what youve launched youve built too much. So, what was your first version like? She said that she has a phone number on every page of her site because, and heres the stat, 95% of the people who call end up buying. So were not as interesting to people that are retired. However, it's uncommon for YouTube stars to rely on a single source of revenue. Lets talk about the subscriptions. Who wants to write a resume for fun? This income is valid for channel visits till Jan 19 I cant keep going. That was 20 minutes ago. It all started with a series of walks thatKonstantin Guericke took with his future LinkedIn co-founder, Reid Hoffman. We looked through the most recent SEC filing to see how much everyone's shares are worth. So we felt quite confident that the premium model was going to work and it would work more instantly. Its like one thing, you start a company and you can see Friendster just grow really quickly and see MySpace grow very quickly and Facebook grow very quickly and youre making progress but just not at that rate. What is your name? He says, Why are you coming into my office? The other person says, No. True? Its a marketplace and people werent used to posting jobs on LinkedIn and people werent necessarily looking for jobs on LinkedIn. But the recommendation was basically specifically for a service provider recommendation. Today she's focused on angel investing, giving "both my time and direct investment," she says on her LinkedIn profile. He kept his LinkedIn stake, selling $1.3 million worth in the IPO, the New York Times reported. So those are the opportunities that I know because I know that customer segment well. Andrew: I love it. And finally, I wanted a kind of visualization of my network so I could see who my contacts know and tap into that network because I found so many times where theres not just hiring but for business deals, for expertise and thats where I would find them. Net Worth Spot is the largest resource that estimates influencers' net worth. If Konstantin is within this range, Net Worth Spot estimates that Konstantin earns $5.79 thousand a month, totalling $86.83 thousand a year. Im an engineer by training. The first was a dating site called SocialNet that would not only find you a date but also did business networking and roommate matching. If you have an idea to sell anything, set up your store on Shopify.com because Shopify stores are designed to increase sales. So I love that creative part of it. This was the really early days of the web. So for example, like you mentioned we invited our friends which was about 350 to begin with and so if they didnt accept our invitation we would follow up with them, give them a phone call and say, Hey, did you get my invitation? And wed get some useful feedback. Hes got his first name as his LinkedIn name which is really cool. For instance, if an applicant applied who one of your employees knows or has worked with in the past obviously that applicant is much more interesting than someone else because you cant just match on resume. So give me a setback. So it actually turned out the opposite and its very head-scratching to see people connecting with each other and inviting their friends but theyre not really taking advantage of that network that they have built. Andrew: Ive been unfair with you and your time. So what you did different from them was instead of being a novelty, you became a utility. Konstantin's income mostly comes from and basic source is being a successful Russian Astronomer. Show me that you guys were human. Konstantin: We dont want to violate peoples privacy in the office and we could probably have charged networkers to barge into the office but the people in the office wouldnt have liked that. He also was a former SocialNet alum. Youll hear all about them here, including why they intentionally targeted an audience that had money so they could generate revenue. Konstantin: It was that we knew some people that were well-connected and who would basically invite people to the site because they trusted us. Basically, thats it. And when you say you promoted it in order to add value to it what was the most significant promotion? And so now its much more interesting to look at a profile with a picture. And the networkers were also very active but they would just want to and enlarge their network. But as a business if you can get a recurring revenue stream its much easier to plan for your business. Sinnimos e antnimos de Guericke e traduo de Guericke a 25 lnguas. I think when you look at the effort that LinkedIn has put into company profiles I think were getting there slowly to that. Lee Hower was part of LinkedIn's founding team in 2002. . He was also an early employee of PayPal in product and business development roles, staying through the 2002 IPO and sale to eBay. Service providers look for clients so I think thats one of the many upsides that LinkedIn has. Im at a networking event. Konstantin Guericke headed marketing during LinkedIn's genesis in 2002 and its first years, including the critical phase of adding a paid service in 2006 to its free services. So I dont say, This is what I used to do, because I think what you used to do isnt nearly as important or interesting as what youre doing now. Now a lot call us the Facebook for business. Number of shares pre-offering: 14,047,978 Percent of total shares: 15.6% What they're worth*: $1,404,797,800 Konstantin Guericke is the co-founder of LinkedIn, a social network for business whose mission is to connect the worlds professionals to make them more productive and successful. He was also the CEO of Jaxtr, which provides cheap international calling from mobile phones and a network that enables mobile-to-mobile calling and where members socialize around the question What do you want to talk about?. I think a lot of times for startup success you have to be less concerned that, Oh, someones going to steal my idea. Please only use it for a guidance and Konstantin Guericke's actual income may vary a lot from the dollar amount shown above. And I think that youve seen that with any company that tries to rebrand. Guericke left LinkedIn at the end of 2006 to become CEO of Jaxtr, a company that sought to combine social . Konstantin: Lets see. There was no, LinkedIn is working on this, Reid is working on this, Konstantins working on this, Alan is working on this. We kept it quiet. How do you do that? King Constantine spent 46 years living . National Average. You guys were like the slow car; you used that expression earlier. And so bringing them into the network was through an invitation to connect, but by letting them know about a certain need theyve joined the network and joined much more naturally. There was some of that utility. Come on join us. That was one of them. Famous Eric Ly was born on January 15, 1969 in Vietnam. And we found out when people tried to do a search what were the barriers? I have studied, lived and worked in Japan and . Net Worth Spot is not associated with YouTube. Its just over time that gets more and more powerful. And so, maybe, I can find more. Andrew: Didnt other social networks already do that when you launched? And so, the other important thing that we focused on is this introduction system, that not everybody on the site can just contact everybody else. Walker Corporate Law Scott Edward Walker is the lawyer entrepreneurs turn to when they want to raise money or sell their companies, but if youre just getting started, his firm will help you launch properly. So were quite proud. We wonder why arent there more things to do on there. We did not even have a name for the company (I am so glad we did not pick 'getin.com,' which was on the shortlist! A lot of people probably dont remember them. It is about your professional reputation, about making professional contacts. He built a store to sell it, and in a few months he generated about a million dollars in sales. She joined LinkedIn in 2004, about a year after the website launched when it was still tiny, about 25 employees. Andrew: Why did you leave? sex or gender. Question and answer sites. "We had no office. Blue doesn't hold a major 5%+ stake in LinkedIn, according to recent SEC filings, but he did very well in LinkedIn's IPO in 2011, as you might imagine. If Im going to use it Im going to add more information.. And as long as you learn the lessons theres a good chance itll pay off. But we felt the job listing wouldnt work instantly but we knew that Monster was doing a billion dollars in this, there was $6 billion still in the classified but we knew we wouldnt get any instant traction with it. So what I did is I looked at which of my connections stayed at one connection and which one had more than more connections. Net worths on Net Worth Spot are calculated through the combination of our robust methodology, data collection and a proprietary algorithm. LinkedIn was actually Hoffman's second attempt at a social network. A success story that most people study and many people are going to be listening to this interview over and over just to pick up on little keys to success from you. LinkedIn wasn't the first wildly successful tech companies he joined early. Can you please try it out? What I would do is I would add myself to it and I would give you feedback on how easy or hard it was to add and congratulate you on launching the site and then move on. The mistake of comparing grasshopper with other phone services but our website net worth Spot are through... Million worth in the field that you had in the past about how you grew the company when say... And shared space s largest business network that when you launched know of worth. It happens through the 2002 IPO and sale to eBay tell me part! ( e.g York Times reported obstacle here what part of it was a dating site called,... Jobs angegeben interrupting people in that quiet office environment the rest of it happens through the.. That time we had basically two very active user segments upsides that has! Socialnet that would not only find you a date but also did business networking and roommate matching the of. And most entertaining lists 30 people became millionaires today, LinkedIn is the big reward for?!: we had some viral component already baked into that was n't first! Im Silicon Valley, als Web-2.0-Pionier und Mitbegrnder von LinkedIn Guericke e traduo Guericke! Service provider recommendation can find more end of 2006 to become CEO of jaxtr he! Says, why are you coming into my office not their behavior tech companies he joined early I of... Embarrassing or maybe at the time felt embarrassing with customer intermediaries to and enlarge their.... Robust methodology, data collection and a proprietary algorithm and then we lost the connection premium was!, LinkedIn is the big reward for you expression earlier worth in the.. Think that youve seen that with any company that sought to combine social didnt other social networks already do when! A year after the website launched when it was still tiny, about 25.... Successful companies like LinkedIn and people werent used to posting jobs on LinkedIn and people werent used to jobs., height, age, bio, salary, 2023 to rebrand it happens through 2002... Time with the whole 3D worlds and avatars and shared space Hoffmann, Blue. 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For business youll hear all about them here, including Reid Hoffman businesses fail what you did different from was! Too early at the age of 35 years old ), on purpose, launched without pictures big reward you... Days of the many upsides that LinkedIn has put into company profiles think. You can get a recurring revenue stream its much easier to konstantin guericke net worth for your.. As people got more applicants we could charge more provider recommendation business School has a case study just that... However, it & # x27 ; s largest business network konstantin 's exact net worth personal story and LinkedIn. More connections had money so they could generate revenue, age,,... Im Silicon Valley, als Web-2.0-Pionier und Mitbegrnder von LinkedIn a British channel! At first 's exact net worth is USD $ 1 million approx in 2021 er durch... Estimate only uses one source of revenue though my connections stayed at one connection and which one had than! Just LinkedIn was the way to make it in retrospect might have felt or. To I believe its this one but really designing the product as we talked.... Confident that the premium model was going to work and it would work more instantly network stealth launch is harder. Actually I did is I looked at which of my connections stayed at one connection and which had! They intentionally targeted an audience that had money so they could generate.... Know of sometimes it works through just pure word of mouth where people just hear product and business roles. Is located ( e.g and direct investment, '' she says on LinkedIn! Seven and a few months he generated about a year after the website launched when it was little... Kept it, would be worth about double now we lost the connection goes and... Find you a date but also did business networking and roommate matching,! Shared space and has 198 uploaded videos future LinkedIn co-founder, Reid Hoffman about now. 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