In fact, when we launched the site we thought wed have the opposite problem. But the advantage of our audience is if its useful, not just fun, its more likely that people can pay for it so per user you can monetize much better. They were looking for contacts. So these three things were really in People Map. And so now its much more interesting to look at a profile with a picture. In addition to serving on the boards of several startups, Konstantin continues to advise LinkedIn on the company's activities in the German market. So the initial burst came really from that circle. And thats something that users are still learning and its much more complex than just a resume and listing where you work. Big question for today is how do you build a site that over 80 million business people become members of? But by bringing in more people onto the site theres a certain percentage who will then use reconnect themselves and some people who will invite some new friends to it. Konstantin: I think one of the areas Im actually looking at is the LinkedIn API. Kind of like a Google for a specific, narrow need. How effective was that? Konstantin: [INAUDIBLE] to some extent [INAUDIBLE]. Konstantin enjoys mentoring student and European entrepreneurs over walks and holds a B.S. Joining me is Konstantin Guericke, co- founder of LinkedIn, the premier social network for business relationships. If Konstantin is within this range, Net Worth Spot estimates that Konstantin earns $5.79 thousand a month, totalling $86.83 thousand a year. Watchthis video to learn about him. Born in . And it did help having Sequoia backing it. )," he described in a blog post. You were saying that it was always happenstance, and then we lost the connection. Konstantin: I dont think it was a big driver and we make it an optional thing but I think its more of an opt-out for that. However, it's uncommon for YouTube stars to rely on a single source of revenue. It started 9 years ago and has 198 uploaded videos. Theres seasonality in it and so forth. 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. Konstantin Guericke, son of a north German teacher couple, studied at Stanford University in the United States. What are you trying to get done? They are not going through if I was a listener this is what I might feel, they are not going through the real business struggle that I am. Now when people try to use it for social purposes, often it doesnt. There are a lot of things that I know make a difference. Today, LinkedIn is the world's largest professional network with 774+ million members in more than 200 . LinkedIn was actually Hoffman's second attempt at a social network. But the important thing to know is some people think, Were viral but you cannot count those people because that media attention is just going to be a little straw fire that keeps you going for three or four days and then is just going to die down. Adems, compartimos informacin sobre el uso del sitio web con nuestros partners . We thought everybody would just be tapping into each others contacts, searching, requesting introductions, people would get really tired of making introductions for other people and people basically wouldnt make introductions. So those are the opportunities that I know because I know that customer segment well. And Reid and I met each other that way. Because a lot of the success isnt just about the workflow; it is understanding the psychology of people but just starting ventures in general thats a very creative process. Konstantin net worth for February 2023 - In fact a lot of bloggers said, it doesnt make any sense, its not going to work. So then a year later theyd raised some funding and theyre looking for someone to join the company and I saw a lot of potential to grow very fast. Bis er auf ein anderes Pferd setzte. But basically as people got more applicants we could charge more. What part was not useful? 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. They actually had really good functionality. Andrew: I want to be very careful with the time but Ive got to ask you about the Digg-like yellow pages that I saw an article in Tech Crunch 2006 about. LinkedIn Co-founder Konstantin Guericke - The keys to building a long lasting B2B Network by Metrics that Measure Up. When I was inviting my friends it would go out with text and a link. I remember Guy Kawasaki raved about it and other people raved about it but most of us didnt use it. . Andrew: Lets go on now. Born in Ukraine, this 47-year old billionaire is a graduate of Moscow Institute of Physics and Technology. But even within that consistent growth there must be a few spikes, a few little things that you do that you slap your head afterwards and you say, Why didnt I think of that because look at how much growth it gave us and its so obvious. Can you share one or two of those little levers that increased your growth? He also was a former SocialNet alum. . Konstantin Poukalov is also the EVP, CFO of Kadmon Holdings Inc and owns about 4,000 . So we started with $49. But one of our co-founders handled more the product piece which I think is the more interesting. 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 . GuerickeGuericke25Guericke Educalingo I cant say good bye to you because Ive been looking forward to doing this interview for so long. Konstantin: Thats the idea with the contact finder because people would be looking for a PHP programmer. Konstantin: The happy, the delightful thing, many people just delight in this reconnecting; especially people who have 10, 20 years of work experience have often lost touch with people but they do know how valuable it is. The group currently owns a number of Ukraine-basedelectric energy equipment factories. But what only some percentage does is take the next step and solve an actual business problem and thats been a hard one for us to work on and the emails were one way we did that and that worked to some extent. LinkedIn cofounder and Stanford alumnus Konstantine Guericke, '90, MS '91, shares personal anecdotes about how LinkedIn came to be the world's largest social. Konstantin: Thank you Andrew. Why are you even here if youre not willing to meet new people? So those two segments dont get along so well and thats why we ended up not really focusing on that segment as well because the other two segments had a more symbiotic relationship. Why did you, when you were looking at starting out, think that all those other businesses failed? Why did you guys decide to charge? The first thing is really how do you get distribution for this because thats where most Internet businesses fail. Below is an estimate of the average earnings from advertising on the channel, depending on the language, price, and the current audience. And so, people would find out about LinkedIn because theyre engaging a programmer, heres an opportunity for you. It wasnt a long newsletter. Founded in 1995 by now 60-year-old Lynda Weinman, she founded the site as a place students could go for free resources. Eric Ly had cofounded a string of startups before he cofounded LinkedIn as CTO. Even though four degrees kind of worked the perception was that fourth degree contact isnt really any more valuable than a stranger because you have two intermediaries. Founders - Reid Hoffman, Eric Ly, Jean-Luc Vaillant . Theyre going to do it before me. But really, timing is everything, and luck is a lot of it, too. Business Data 130 Campus Dr, Edison, New Jersey, 08837-3936. Konstantin Khabenskiy is a most popular Russian Actor. . Im still an advisor, still helping the company but it was just time for me to do something new and I think most entrepreneurs they always have new ideas, they want to try out different things. Konstantin: Oh, this happened to be, who did my former client have lunch with the week before and mentioned it? Its kind of hidden on the website. Andrew: I see. Konstantin: Lets see. Konstantin: We had basically two very active user segments. The net worth is calculated based on the publicly available CPM (cost per thousand views) paid by advertisers. They werent adding that much to the system. Its the best test. Okay. If Konstantin is within this range, Net Worth Spot estimates that Konstantin earns $5.79 thousand a month, totalling $86.83 thousand a year. National Average. The lowest daily views during this period are 0.00. But we werent seeking out anybody. So that was definitely something we had to adjust to but we think that was partly because of the space that were in. He also volunteers at the The American Bookbinders Museum, a fully-functional 19th-century-style bookbindery in San Francisco. Sarah Imbach was not one of the folks hanging out in Hoffman's apartment. Konstantin Guericke. I know its blogging that got people to pay attention to you at first. And hed bring up ideas and Id try to tear it apart. Andrew: It takes up hours and hours to launch a company and deal with all the critics and the cynics and the supporters and the fans and the co- workers and the investors. Edit Events Section. So that is in the general recommendation system. They kind of started in LA where they were starting to make inroads into entertainment where degrees of connection and referrals and so forth are very big in Hollywood as well. 1. Today he says he's taking time off and working on a "secret" project. How do you do that? Maybe I would take one of his ideas and run with it. But we never implemented that. Get notification with the latest net worth updates for free. So people become a very effective spam filter so that the good proposals come through and the other ones dont pass through. Sehen Sie sich das Profil von Konstantin Guericke im grten Business-Netzwerk der Welt an. And I would do that only because youre friends of mine, only because you specifically asked me and only because I think youre going somewhere. Create some new opportunities to really leverage the network that LinkedIn had built and to cater to some specific sections of that. In those walks, they took turns suggesting and knocking down business ideas. 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. Now I think theres a lot more people can do there because people dont really think about what search terms are people going to put in so that you actually show up. Or something like the LinkedIn answer section. I want to make sure your whole heads in the video. I cant keep going. That was 20 minutes ago. Lee Hower was part of LinkedIn's founding team in 2002. A fresh take on sports: the biggest news and most entertaining lists. 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. That definitely increased the slope of things but often it was just little tweaking. Edison kguericke@dasguptas.com. Energy Standard Group SA is a holding company that owns power utility and power engineering companies in Grigorishin's hometown. Either they would say, Oh, Im sorry. In my example, for example, a lot of entrepreneurs say, How do you find the person who started a site similar to what youre thinking about 10 years ago burn through 20 million in venture funding? Thats a person you want to find and theres no better place to find that person because that person is on LinkedIn. 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. And what were the results initially from that? We dont want people to do it; its just going to be bad. Grigorishin is best associated withEnergy Standard Group where he is currently the largest shareholder and president. 2 SlideShares 1 Clipboard 11 Followers 381 Followings. The estimated Net Worth of Keith R Guericke is at least $14 Million dollars as of 9 August 2016. And the people who just registered and had one connection I would give them a phone call and I would say, Youve accepted this but this isnt going to be really valuable unless your contacts are on it as well. a family man), on his LinkedIn profile, which sounds an awful lot like a retirement job. He left PayPal to join LinkedIn as head of corporate development, staying until 2004, when LinkedIn was very young, but starting to gain traction. We didnt put in the name field where you type in the name of a person because we felt like if you know people already you can just email them. Was it something else that Im completely missing? and M.S. Liked by Konstantin Guericke. Famous Eric Ly was born on January 15, 1969 in Vietnam. And I would be lying if there is a golden rule or a good medium. So then we started with $49 and we really tried to promote and LinkedIn became better known that there are job listings. Email . He is currently married with three children. But if it helps them in their business or their career theyre quite happy to pay. Thank you all for watching. I have studied, lived and worked in Japan and . Always growing very steadily at a good clip, but nothing extraordinary, nothing like Friendster, nothing like MySpace, nothing like Facebook, nothing like YouTube. Net Worth Spot works to ensure our estimates are the most accurate influencer net worth predictions you will find anywhere on the web. Andrew: Ive been unfair with you and your time. Now theres probably other features we could charge safely but we just found that the other segment was working out really well and so weve kind of stayed with that. 6 %. If you're a premium member, you can save your likes. People are not doing that enough. Its not that there arent useful websites out there. Actually Plaxo was very big at the time already. So a lot of people in the US take their vacation in between jobs and so I think thats probably the only way to do it. This international company also specializes in shipping, engineering, electricity as well as land and real estate. And the networkers were also very active but they would just want to and enlarge their network. He's been working for himself as a consultant for the last decade, according to his LinkedIn profile. He went to another hot up-coming company: Netflix. If Konstantin makes on the higher end, ads could bring in up to $156.29 thousand a year. Last Updated: 02 July 2021 * If you want to update the article pl But Im also enjoying some time; I think thats also important for entrepreneurs. Thankfully that worked, the site went viral, and today it's a $25 billion company with 313 million members in over 200 countries, and an employer of 5,700. Konstantin's net worth may really be higher than $347.32 thousand. What was it? Konstantin: Well, we had in the very beginning in the mid-90s there was a site called SixDegrees. 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. Konstantin shares the key differences . Why do you think they didnt make it in the field that you were jumping into? Konstantin: It was a combination of two things. I spent $20 million on this problem. Andrew: Why did you leave? Konstantin Guericke is a co-founder of LinkedIn, where he led the companys initial public launch to first six million members and profitability as Vice President of Marketing. Konstantin is Co - Founder of LinkedIn, where he has led marketing activities from launch to first six million members and profitability as Vice President of Marketing. 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