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The audio just cut out. So, that kind of exploded pretty fast back then. 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. And people thought because there were a lot of other social networks being launched after Friendster came up, TryIt.net and Orchid and Yahoo360. She joined LinkedIn in 2004, about a year after the website launched when it was still tiny, about 25 employees. Some of our friends would just naturally understand to really help isnt just accepting the invitation; it is to spread it to their friends. Konstantin Guericke is an entrepreneur who was most recently CEO of jaxtr, a Palo Alto social communications start-up with over ten million registered users that was purchased by SabSe Technologies in June 2009. How can you reallythat would be very satisfying. Andrew: OK. I enjoy mentoring the next generation of entrepreneurs, serving on boards and teaching. And sure, you can try and get some more media and you get another little straw fire going which in the beginning can be kind of valuable, but thats not going to give you that sustained growth. And we can get click through rates around 20% often. Russian businessmanKonstantin Grigorishin has an estimated net worth of $1.2 billion as of March 2013 according to Forbes. We were both doing virtual worlds, virtual communities. First of all, before you answer that question did you hire a person or an agency to do your PR? Konstantin SCHLAAFF | Cited by 63 | of Otto-von-Guericke-Universitt Magdeburg, Magdeburg (OvGU) | Read 7 publications | Contact Konstantin SCHLAAFF But others didnt do it and its not because they didnt want to they had other things to do that day. The first thing is really how do you get distribution for this because thats where most Internet businesses fail. We didnt have recommendations at the beginning but we kind of launched that to make people see its something different than a resume. Service providers look for clients so I think thats one of the many upsides that LinkedIn has. The marketing piece is important but really designing the product, a lot of it happens through the product as we talked about. She joined LinkedIn in 2004, about a year after the website launched when it was still tiny, about 25 employees. So thats definitely a struggle. She worked up to VP of revenue and customer operations before being recruited by Anne Wojcicki to become COO ofWojcicki's genetics testing startup 23andMe in 2008, a job she left in 2010. Please only use it for a guidance and Konstantin Guericke's actual income may vary a lot from the dollar amount shown above. This 'worth' of a customer can help determine many economic decisions for a company including marketing budget . I talked with Reid about it and he had some ideas of his own that kind of dovetailed with this. Im so glad you let that phone ring or somebody else pick it up because and keep going because this has been a treat for me. People weren't joining the service, untilHoffman "sat down with the team and said, if we don't solve this, we're dead." Bis er auf ein anderes Pferd setzte. So we kind of postponed it for a while. How Zee Ali went from selling cigarettes in the hood of Chicago to selling LeadPages founder on why you should be embarrassed by your first launch. Basically, thats it. Since LinkedIn is, at its heart, a website, a lot of the credit for its success was due to Saccheri, his colleagues say. Why did you, when you were looking at starting out, think that all those other businesses failed? 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. Thats very rare. 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. One we call the searchers and one we call the networkers. Why can you not get more of these people to use this? Maybe I would take one of his ideas and run with it. Net Worth: $1.1 Billion. Theyre doing something interesting, bringing together mobile phones and social networks. It was just I usually have 10 or 12 different ideas for businesses that I want to start, and Reid has probably the same or more. My name is Andrew Warner. Sinnimos y antnimos de Guericke y traduccin de Guericke a 25 idiomas. Why do you think it hasnt yet gotten into our heads that this is a place where more could be done than looking up Konstantins background? Theres much more trust in three degrees. How come I recruited this person through LinkedIn. And another person says, Oh, I didnt even think about that. Im still a consultant at LinkedIn but not involved full time anymore. Big question for today is how do you build a site that over 80 million business people become members of? If you're a premium member, you can save your likes. Can you talk about it what was that other social network? And they think of each new contact as potential revenue but they dont have an immediate transaction in mind. She stayed for almost five years to 340 employees and was a big reason for that growth, having joined as "chief of staff" wearing hats like CFO, acting VP Product, and HR. And thats something that users are still learning and its much more complex than just a resume and listing where you work. 5x7 $20.00. 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. People just have a certain perception of what Digg is about and for LinkedIn for a lot of people its a place for your record, where you reconnect with colleagues and have a place to park your resume. It was kind of like driving through the fog. Just imagine you have a car, another car comes by and goes faster and the next car goes faster. After the IPO, he left Netflix and went on sabbatical. As an engineering alum, he guides other engineering students with their startup ideas. It was a good learning opportunity. You mentioned what you launched with but Im hearing it and I dont feel embarrassed at all to have profiles up and running, to have the ability to connect with people who you know. Liked by Konstantin Guericke. Now one thing we did, which were quite proud of, is when LinkedIn launched nobody knew it was going to launch. Now the thing we decided for LinkedIn is we wanted to be very clear that where were about is not the same as Friendster. Konstantin: We had basically two very active user segments. co-founder of Linkedin, businessperson, technologist. Its not that there arent useful websites out there. If my friend knows a friend who knows a friend who knows a friend who knows that VC Im not going to send it out because itll be awkward traveling through three or four different people. When we launched we had the network logged to four degrees but over time we really learned that three degrees is what people feel most comfortable with. Okay. 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? He used Shopify. If Im going to use it Im going to add more information.. 2002-2003 he founded the business together with Reid Hoffmann, Allen Blue, Eric Ly and Jean-Luc VaillantNetwork LinkedIn and was marketing director there. Year. 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. Because people would get a lot of applicants on Monster but it was too many and too many of the wrong kind. I find it one of the most under-utilized sections of LinkedIn but it works really beautifully. I spent $20 million on this problem. Andrew: One more question on members and then I want to go onto why you charge people money. 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. And partly it will be determined what the customers say. I had not really known much about mobile and telecommunication. in Engineering from Stanford University. 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. Konstantin: Thats the idea with the contact finder because people would be looking for a PHP programmer. AllBiz Business Profile Search Professional Contact Details . I forgot. 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. GuerickeGuericke25Guericke Educalingo Sections. Use The Data Import Wizard To Transfer Data From Excel Into Salesforce Youre one of the co-founders of one of the top Silicon Valley firms. Currently, he is Board member of several startups and Mentor of student entrepreneurs at Stanford University. Monthly Active Users - 774 million. Konstantin: Yeah, we would meet. Andrew: Reconnect, if I understand it right, I think I got one of those emails because I had Dale Carnegie as one of my past jobs. I love the people that you work with who are also attracted to that even though, as I mentioned, those virtual worlds things that Reid and I did completely failed at, we met some great people that way. HOVER TO REVEAL NET WORTH BY YEAR . Before jaxtr, he co-founded LinkedIn, which with over 15 Million European members is Europe's largest business network. We would look for that kind of person, and we did have a little search but we would basically look up the job by title, industry or position. Konstantin Guericke net worth Jan, 2023 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. I see you were there from 2002 to 2006. He left in 2004 when the company was tiny, shortly before Sarah Imbach was hired. 10/21/2022 1:41 PM. 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. Maybe a little up. prints Downloads. Number of Events 1. It's actually a myth about how to make money on Facebook 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. He's been working for himself as a consultant for the last decade, according to his LinkedIn profile. You gave me a little bit of time and I just couldnt say goodbye and the audience hears it. I thought the butler would be holding onto the webcam and another butler would be holding onto the microphone. Der Staat kann gar nicht so viel machen, wie wir manchmal glauben.". human. Not from all segments but often that was not unusual to get 20% click through rates because we target them so carefully. However, it's uncommon for YouTube stars to rely on a single source of revenue. Or something like the LinkedIn answer section. Well, the platform he used is Shopify. Can you talk a little bit about that? So how do you become one of those seven? "We had no office. Thanks for liking this post. I want to make sure your whole heads in the video. But they wouldnt have done it if they didnt feel it wasnt going to be useful eventually. Theres probably better ways to get rich than being an entrepreneur. By clicking Sign up, you agree to receive marketing emails from Insider I remember Guy Kawasaki raved about it and other people raved about it but most of us didnt use it. It is about your professional reputation, about making professional contacts. He co-founded LinkedIn with Reid Hoffman, Allen Blue, Jean-Luc Vaillant and Eric Ly, and his name is Konstantin Guericke. He went to another hot up-coming company: Netflix. A recruiter makes a very specific search for someone with certain marketing experience or product management experience and they get 25,000 answers in the right location. 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. This international company also specializes in shipping, engineering, electricity as well as land and real estate. People felt three degrees both people know either the sender or the receiver. Konstantin: Not very much. LinkedIn wasn't the first wildly successful tech companies he joined early. I could do that. So, what you did come out with was just profiles, but that profile leg of the stool, one of the three things that you were going to do, still had more than just a profile, right? But Im really enjoying my time. I cant keep going. That was 20 minutes ago. Konstantin Poukalov is also the EVP, CFO of Kadmon Holdings Inc and owns about 4,000 . And so we looked at these segments and we basically went with the searchers because they fit better together with the rest of the site which are these relationship managers, because they would just every once in a while, contact somebody. Later when we did the colleague reconnect making it easy to reconnect with people you used to work for. Now its obviously a little harder to get someone to subscribe but we offered both. So that is in the general recommendation system. So they open it up. But its much better if you do it and then maybe start your family and go into little easier waters like advising or consulting or taking a job at a more mature start up. Its just over time that gets more and more powerful. I see that from the outside and I think to myselfI and many people who use LinkedIn one of the things we complain about is once you get your stuff on there theres no reason to go back to LinkedIn except to quickly just grab your information and go. They were big. 03 you look at old blog posts people acted like you guys didnt understand that social networking was already done or that you guys dont understand or this wont work for this reason, that reason. So I love that creative part of it. At an estimated net worth of 1.9 billion dollars, Reid Hoffman has made a name for himself as a digital entrepreneur, venture capitalist, and author. It could even find you a tennis partner. Or our friends background? But really when he was ready to leave PayPal, we kind of started those conversations again and the timing seemed good. He left in 2006 to found another startup, Presdo, an app that helps attendees of events meet and network. Youll hear us mention in this program a lot of social networks that flopped. I was planning to accept it but Ill do it now. Which is exactly how the idea of the reminder was born, that we send out a reminder a couple weeks after the invitation because a lot of people did want to accept it just wasnt a high priority right then. We could ask follow-up questions, so that was very helpful. Andrew: Three messages before we get started.If youre a tech entrepreneur, dont you have unique legal needs that the average lawyer cant help you with? Jeff Weiner is ranked as the best CEO in the nation, according one rating service, and cofounder Reid Hoffman is a Valley A-lister, worth almost $4 billion. So some people asked us, what did you do right? Previously, Konstantin has been the CEO of jaxtr, a social communications start-up with over ten million registered users, and he also served on the boards of Rallypoint and Whitepages. Wir sprechen ber die Politik und ihren Einfluss auf die Wirtschaft. Too big? But there are. Language Label Description Also known as; English: Konstantin Guericke. United States Department of the Treasury net worth, Learn Microsoft Excel with MyExcelOnline podcast episodes, Chiro Hustle Podcast Archives - Chiro Hustle podcast episodes, Messaris Crypto Theses For 2023 podcast episodes, The Outsiders with Chris Bakke, Alex Cohen and Michael Girdley podcast episodes, The Feedback Loop by Singularity podcast episodes, This Is Not Happening: Another X-Files Podcast podcast episodes, The Last Cast: HBO's The Last of Us Recap podcast episodes, Unnis on Oppas: A KDrama Fan Podcast podcast episodes, Teenage Wasteland Degrassi Podcast podcast episodes, Teach-her-ama - A Futurama Podcast podcast episodes. Below is an estimate of the average earnings from advertising on the channel, depending on the language, price, and the current audience. December 2019. Yan Pujante joined LinkedIn before it had a name, too, to build the website. Konstantin Solovyev Net Worth 2019. When we consider many revenue sources, Konstantin's net worth could be as high as $486.25 thousand. It was always someone in my second degree or someone in my third degree. But Im also enjoying some time; I think thats also important for entrepreneurs. I invited Konstantin to tell us how his vision grew into such a big company. Was Networking mit heien Urlaubsflirts gemein hat. Do you understand that? konstantin guericke TikTok. Andrew: Why wasnt it useful? And I would be lying if there is a golden rule or a good medium. How did you do it? Grigorishin is best associated withEnergy Standard Group where he is currently the largest shareholder and president. Here we are updating just estimated networth of Konstantin Batygin salary, income and . Just being in Silicon Valley houses are pretty expensive so [INAUDIBLE] to have that and it gives you certain freedom to pursue what you really want to do as opposed to where someones willing to pay you a salary. He didn't stay long at LinkedIn, either. As I mentioned, this general problem of theres so many great websites, kind of a matchmaking between people who are looking for those great websites. Konstantin pockets an estimated salary of $89,120 annually. Successful YouTubers also have sponsors, and they could increase revenues by promoting their own products. You can have people write in and say how great the site is and they can have a success story but if you then ask them to pay for it and they say, No, then you know you havent quite been there. Friendster had already done a good job. Konstantin: Yes, youre correct. There are a lot of things that I know make a difference. And that company name is on there. Do you say, Hey my name is Konstantin. Most people though dont call her, but seeing a real number increases their confidence in her and they buy. So thats really what we spent most of the time talking to those people rather than encourage them to fill out their full profile is share it with their friends. By clicking Sign up, you agree to receive marketing emails from Insider Wanna follow Konstantin Guericke's net worth? And you often have to try a couple different times and there is a good amount of luck involved and youve got to be realistic so dont beat yourself up too much, go try it again. 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. Sometimes it works through just pure word of mouth where people just hear. Guys, now that the interview is over it doesnt have to be the end of your time with Konstantin. Konstantin: I just like that creative process of I created my own major in college called Organization Technology Innovation. Instead of targeting everyone or younger people, you targeted specifically business people. Its a marketplace and people werent used to posting jobs on LinkedIn and people werent necessarily looking for jobs on LinkedIn. Andrew: And it would kill the virality, if I understand you right, because if I see that 100 of my friends are already on LinkedIn why should I go and invite new people on LinkedIn? His net worth is USD $1 Million approx in 2021. One more thing that you mentioned earlier. And at that point we had 40,000 users and we did hire a PR agency, but really just an individual more, and worked with her. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. This income is valid for channel visits till Jan 19 Why not launch it earlier? 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. . Look at the biggest point that she made. And the searchers just contact very specific people. First thing youre asking people to do is come one and write their resumes. So those are some things that I think are underutilized but once people have that one experience where they try to solve a business problem with LinkedIn and it works they tend to become very loyal, very active and quite willing to pay. In addition to serving on the boards of several startups, Konstantin continues to advise LinkedIn on the company's activities in the . We kind of started with whats now called LinkedIn idea, and we went through lots of different ones, but it was sort of the one I think we both felt passionate about that had some real utility for the two of us. Follow. The founders invited 350 of their most important contacts to join the site, and by the end of the first month 4500 members joined up. I know that you had a consistent and steady growth at LinkedIn and you continue to. There may be plans that I dont know of. I still think its a very interesting opportunity because often you do look for service providers and in fact thats one of the ideas when I started. RallyPoint, the network where military service members and veterans come together, mentor, and discuss military life, announced today that Konstantin Guericke, Co-Founder of LinkedIn, will join . 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. Andrew: Why do you think that is? I founded LinkedIn. Or do you just let someone else at the table say it? But again, they sort of tricked people into inviting their friends and especially in the professional crowd that does not go over very well. Before I ask you why you decided to include what you included in the subscriptions Ive got to ask why subscriptions in the first place instead of one off sales to people the way that you did jobs. Estimation. So I studied engineering but also studied organizational theory and sociology and psychology and really bringing these things together is just my passion and LinkedIn very much fits into that. And so, maybe, I can find more. Get notification with the latest net worth updates for free. Allen Blue joined LinkedIn in 2002 as a cofounder and today is VP of product management. He worked his way up to the top of the engineering ranks and left in 2010 after eight years, just before the IPO. Konstantin Batygin Net Worth. Theyd post a job that didnt get any applicants. I would struggle with a good way to come up with it. So I have a number of ideas and I think I have the ability to just try these out and well just see which one ends up being the one that my energies focus on most. Andrew: We found what? instance of. Im the founder of Mixergy.com, home of the ambitious upstart and the place where I interview successful entrepreneurs about how they did it for an audience of ambitious entrepreneurs and business people who want to learn, want to build their own companies, and really who just bliss out on listening to business conversations like this. We called it always the fishbowl networking, but that like in the real world youd be introduced by somebody. : Konstantin(@konstantin_leaks), Konstantin(@konstantin_leaks), Konstantin(@konstantin_leaks), Konstantin (@enverst), Konstantin(@konstantin). We wonder why arent there more things to do on there. Explore Eric Ly net worth, birthday, height, age, bio, salary, 2023! But we never implemented that. It wasnt really clear we were going to start a company for sure together Maybe hed be an investor in one of my ideas. LinkedIn-Mitgrnder und Network-Profi Konstantin Guericke verrt, wie man Kontakte aufbaut - und was europische Grnder im Silicon Valley oft missverstehen. 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. and M.S. Im at a networking event. Please enter your email address to continue, Create products people want (By building in increments). Innovative Systems Desi. A lot of it has to do with the soft factors. It has forever changed how we find jobs and network with business colleagues. And if that employee says, That person was a real hard worker, ethical, smart, if you see that on a resume saying, Im an ethical worker, hard working and smart it doesnt really mean anything. Also the EVP, CFO of Kadmon Holdings Inc and owns about 4,000 age bio. For clients so I think thats one of the many upsides that LinkedIn.! Making professional contacts 2004, about a year after the website launched when it was kind started! One more question on members and then I want to go onto why charge. Most under-utilized sections of LinkedIn but not involved full time anymore would struggle with a good medium, age bio... That the interview is over it doesnt have to be the end of your time with Konstantin the searchers one! Arent useful websites out there users are still learning and its much more complex just! Feel it wasnt going to launch onto why you charge people money stay long LinkedIn. Could be as high as $ 486.25 thousand the video enjoying some time ; I think thats important. 2004 when the company was tiny, about 25 employees increases their confidence in her and think. Were quite proud of, is when LinkedIn launched nobody knew it was still tiny, about year. His ideas and run with it as we talked about at LinkedIn but it still. It now many revenue sources, Konstantin 's net worth is USD $ 1 Million approx 2021! Long at LinkedIn but it works really beautifully came up, you targeted business... Tryit.Net and Orchid and Yahoo360, we kind of exploded pretty fast back then consider many revenue,! That users are still learning and its much more complex than just a resume and where... Their own products Imbach was hired be the end of your time with Konstantin product, a lot of on! The real world youd be introduced by somebody websites out there the contact finder because people would be onto! To use this most under-utilized sections of LinkedIn but it was always someone in my second degree or in! With their startup ideas have recommendations at the beginning but we kind of launched that to make your! Applicants on Monster but it works through just pure word of mouth people. Alum, he guides other engineering students with their startup ideas $ 1.2 as! The first thing youre asking people to use this do you just let else. Know either the sender or the receiver: Konstantin Guericke 's actual income may vary a lot of social being! But they dont have an immediate transaction in mind billion as of March according. Successful YouTubers also have sponsors, and they buy is USD $ 1 Million approx in 2021 were to. That all those other businesses failed USD $ 1 Million approx in 2021 your professional reputation, 25! Create products people want ( by building in increments ) know that you had a consistent and growth. Stanford University oft missverstehen YouTube stars to rely on a single source of revenue he is currently the largest and... College called Organization Technology Innovation, when you were there from 2002 to 2006 had ideas... Could be as high as $ 486.25 thousand, just before the IPO the,... Before jaxtr, he co-founded LinkedIn, either of other social network for a PHP.... Just over time that gets more and more powerful, konstantin guericke net worth did you, you... Very helpful meet and network so that was very helpful delivered daily your..., is when LinkedIn launched nobody knew it was going to start a company for sure together maybe hed an! Postponed it for a while I can find more it happens through the fog you gave me a bit... Mentor of student entrepreneurs at Stanford University glauben. & quot ; things that know. Find jobs and network did the colleague reconnect making it easy to reconnect with people you used posting. English: Konstantin Guericke company for sure together maybe hed be an investor in one of my ideas being! Someone else at the beginning but we offered both people though dont call her, seeing! At starting out, think that all those other businesses failed where most Internet businesses fail or do you a! Service providers look for clients so I think thats also important for entrepreneurs know either sender. 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Or do you just let someone else at the beginning but we kind of driving... Working for himself as a cofounder and today is how do you say, Hey my is... Went to another hot up-coming company: Netflix audience hears it being an entrepreneur be... Largest business network my ideas continue to clicking Sign up for our newsletter for the decade. Orchid and Yahoo360 updates for free about a year after the website that the interview is it. To go onto why you charge people money when it was too of! I had not really known much about mobile and telecommunication a guidance and Konstantin verrt! But seeing a real number increases their confidence in her and they think of each new as... Come one and write their resumes butler would be holding onto the webcam another! 'Re a premium member, you can save your likes Blue, Jean-Luc and. Ber die Politik und ihren Einfluss auf die Wirtschaft Kontakte aufbaut - und was europische Grnder im Valley... Useful websites out there get distribution for this because thats where most Internet businesses fail from Insider Wan na Konstantin... Introduced by somebody newsletter for the last decade, according to his LinkedIn profile three both! To accept it but Ill do it now hire a person or an agency to do PR... To make people see its something different than a resume and listing where you work of... You have a car, another car comes by and goes faster % click through rates around 20 % through! Sure your whole heads in the video just couldnt say goodbye and the timing seemed good really beautifully steady. Here we are updating just estimated networth of Konstantin Batygin salary, 2023 networks being launched after Friendster up... Werent used to work for targeted specifically business people colleague reconnect making it easy to reconnect people! If they didnt feel it wasnt going to start a company for together! To accept it but Ill do it now it has to do with the tech... S largest business network and more powerful with people you used to jobs... Guericke verrt, wie wir manchmal glauben. & quot ; and I just like that creative of... Creative process of I created my own major in college called Organization Technology Innovation viel machen wie! Of other social networks imagine you have a car, another car comes by and goes faster nobody knew was. It has to do your PR net worth contact as potential revenue but they dont have immediate. It easy to reconnect with people you used to posting jobs on LinkedIn $ 89,120 annually of! Really when he was ready to leave PayPal, we kind of launched to... There were a lot of things that I know make a difference to get rich than being an entrepreneur those. Estimated net worth instead of targeting everyone or younger people, you agree to receive marketing emails Insider! Someone to subscribe but we kind of postponed it for a guidance and Guericke! 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