if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'starstat_yt-medrectangle-4','ezslot_1',113,'0','0'])};__ez_fad_position('div-gpt-ad-starstat_yt-medrectangle-4-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'starstat_yt-medrectangle-4','ezslot_2',113,'0','1'])};__ez_fad_position('div-gpt-ad-starstat_yt-medrectangle-4-0_1');.medrectangle-4-multi-113{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:50px;padding:0;text-align:center!important}. But Im also enjoying some time; I think thats also important for entrepreneurs. I appreciated it as someone whos inviting my friends to join LinkedIn because it would grow my LinkedIn connections and increase that number up and up until I got to over 500. I cant hear you. But now Im a consultant, Im not a full time employee and my passion is more different entrepreneurial things that Im working on. I know that you had a consistent and steady growth at LinkedIn and you continue to. 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. Konstantin Guericke, son of a north German teacher couple, studied at Stanford University in the United States. Definio de Guericke no dicionrio ingls com exemplos de uso. Las cookies de educalingo se usan para personalizar los anuncios y obtener estadsticas de trfico web. Thats why you need Scott Edward Walker of Walker Corporate Law. Why dont I just connect with these 100 people and if I like it on then later maybe invite people? Its dead simple and very effective. So really when you track your virality you should actually subtract all those people out who came to your site where you dont know which user brought them to the site because thats not going to be sustainable. I heard you say that the idea came from another social network. It was always someone in my second degree or someone in my third degree. He co-founded LinkedIn with Reid Hoffman, Allen Blue, Jean-Luc Vaillant and Eric Ly, and his name is Konstantin Guericke. Konstantin Guericke (Q109910906) From Wikidata. Same thing happened to Friendster and all these other networks. Its kind of like Facebook Connect. The predictions are reviewed by editors and industry professionals. I didnt do it to earn money. But when we got the feedback people said, Look, if I want to contact this venture capitalist I want to know does my friend actually know this person, then Im going to do it. 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. Andrew: On a personal note finally. Search Background Check Edit Listing. 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. Konstantin: So the first one was to create a profile for yourself and to be able to invite people to the site. Reid Hoffman completed his graduation from Stanford University in 1990 and post-graduation in Philosophy from Wolfson College, Oxford in 1993. . Videos on the channel are posted in the categories Lifestyle, Entertainment. Sometimes it works through just pure word of mouth where people just hear. Konstantin Guericke is a Senior Vice President at HCF Management based in Lima, Ohio. 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? Who cares whether the heads fully in the video but its a little disturbing when its not. And people have always been happy to pay more because theyre just lookingam I getting a number of applicants but also whats very important is the quality applicants. And then over time when there were enough people on the site, when recruiters were on the site then I think people starting realizing, You know what? He is currently married with three children. Maybe a little up. 9. Do you want to tie into them? And then, These are the people who are not on LinkedIn. Os cookies de educalingo so usados para personalizar anncios e obter estatsticas de trfego web. Andrew: Can you please move your camera down a little bit? Lee Hower was part of LinkedIn's founding team in 2002. So what you did different from them was instead of being a novelty, you became a utility. His net worth is USD $1 Million approx in 2021. Bis er auf ein anderes Pferd setzte. We basically waited till we had the Sequoia funding which was six months after launch. What were you doing in the meantime? Friendster had already done a good job. The audio just cut out. 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 what they did was other sites allowed you to suck into your contacts and maybe invite them. About Konstantin Grigorishin Russian businessman Konstantin Grigorishin has an estimated net worth of $1.2 billion as of March 2013 according to Forbes. Konstantin Guericke is a co-founder of LinkedIn, where he led the company's initial public launch to first six million members and profitability as Vice President of Marketing. And partly it will be determined what the customers say. Its a marketplace and people werent used to posting jobs on LinkedIn and people werent necessarily looking for jobs on LinkedIn. 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. 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. First of all, before you answer that question did you hire a person or an agency to do your PR? It is very hard once you establish a brand for something specific its hard for people to look at it in a new way. One we call the searchers and one we call the networkers. I want to make sure your whole heads in the video. Search Background Check Edit Listing. They were interrupting people in that quiet office environment. But the recommendation was basically specifically for a service provider recommendation. I invited Konstantin to tell us how his vision grew into such a big company. Improve It. Revenue Collective, Sales Hacker, Modern Sales Pros, RevGenuis, and Bravado all dramatically increased their membership and levels of engagement following the onset of COVID.Who better to discuss the trend of B2B communities, than a founder of the world's largest B2B network, LinkedIn. 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. Estimation. Grasshopper Dont make the mistake of comparing Grasshopper with other phone services. 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. We need to make sure its clearer that this is not about just about keeping your address book up- to-date, that there is something more valuable, its more of a win-win. Because the address book up-to-date helped the people using Plaxo but other people didnt feel like, Why should I keep your address book up to date? Andrew: We found what? So it seems like LinkedIn is very steady and we dont really have, in the business realm, much competition anymore except for in a few small regions so but we did the address book. Konstantin Guericke Born: September 19, 1967 (age 54years), Hamburg, Germany, Konstantin Guericke Education: Stanford University (1991), Stanford University (1990), Konstantin Guericke Founded organization: LinkedIn Corporation. And people thought because there were a lot of other social networks being launched after Friendster came up, TryIt.net and Orchid and Yahoo360. News on all your favorite celebs, reality TV, and movies. And so a lot of people were very disappointed. The group currently owns a number of Ukraine-basedelectric energy equipment factories. LinkedIn cofounder Jean-Luc Vaillant was vice president of engineering and took over the CTO title after Eric Ly left. I made that.. Stanford University BS Engineering 1990. But Im also thinking about some other ideas as well. Its a quiet, clean, well-lit place, not a lot of hassle, not a lot of fuss and it works. But again, they sort of tricked people into inviting their friends and especially in the professional crowd that does not go over very well. Why look for them on a network? Andrew: I want to move on to LinkedIn, but Ive got to ask a question about how you guys would think through different business ideas. In 2002 Konstantin co-founded LinkedIn with four other entrepreneurs, including Reid Hoffman. 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. Andrew: I love it. Today everyone acts like LinkedIn is run by geniuses and of course anything they touch is a hit. Number of shares pre-offering: 14,047,978, Number of shares pre-offering: 16,840,309, Number of shares pre-offering: 19,066,032. 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. Reid worked on Relationships.com which became SocialNet and then PayPal. Today he's a partner in Earlybird Venture Capital and a mentor for his alma mater, Stanford. Konstantin Khabenskiy's net worth, height, age, weight, affair, relationship, family, movie update, and more are highlighted below. And we kind of used that; we always looked for users where there was a success story and we then later proactively looked for people in LA where we had competition and Chicago where we didnt have competition but we wanted to make sure no professional network starts in Chicago or New York or in Atlanta so we specifically looked for success stories and really pitched the human story and the reporters would just mention it and it was much more credible. So I was starting, after three years, I talked with Reid and said, I need some more brain food here. So I started joining advisory boards. So they do know this is the place where you want your profile to be found. Recognizing the potential of the Internet with its vast networking possibilities, Konstantin and his future co-founder Reid . In fact it stuck around; when we launched we were the Friendster for business and three years later were the MySpace for business. in Engineering from Stanford University. Andrew: Then what is? Currently, he is Board member of several startups and Mentor of student entrepreneurs at Stanford University. konstantin guericke net worth. So some people asked us, what did you do right? But the problem was nobody was applying to jobs because people didnt know it existed, that was not their behavior. But if it helps them in their business or their career theyre quite happy to pay. I see you were there from 2002 to 2006. See him at WalkerCorporateLaw.com. 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. LinkedIn went public in 2011 for $4 billion and was purchased by Microsoft in 2016 for $26 billion. . Konstantin Guericke, Krystle Cho, Naval Ravikant. . Andrew: You bring up an idea, and Reid Hoffmans job would be to tear apart an idea that you came up with? Thats the big magic number because you dont want more than that. I had not really known much about mobile and telecommunication. Groupon did something completely different before theyre Groupon. I get an email from Reid Hoffman, I get an email from Konstantin. Tell me what part of it in retrospect might have felt embarrassing or maybe at the time felt embarrassing? Some of our friends would just naturally understand to really help isnt just accepting the invitation; it is to spread it to their friends. 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? And the searchers just contact very specific people. 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. Andrew: Within a matter of days you went from 350 of your most important contacts to 4500 members. After the IPO, he left Netflix and went on sabbatical. 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 physicians as members. Konstantin: Well, it was a very organic process. Why not charge them? We did have Rafe Needleman did put us into Catch of the Day when he was doing the Red Herring or right after that so I remember we got a little bump from that newsletter that he sent out but he was the really the first professional journalist covering us. Grigorishin is best associated withEnergy Standard Group where he is currently the largest shareholder and president. As an engineering alum, he guides other engineering students with their startup ideas. . You said, and I wrote this down, that there were many other companies that failed. Very easy to find and hes probably happy to help you. I have studied, lived and worked in Japan and . This guys got it right. 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. Instead of targeting everyone or younger people, you targeted specifically business people. Or our friends background? First, we met at a restaurant, and then we realized really we both need to make sure we get a little more exercise rather than filling in the calories. They came up with one idea: let people upload their email address books to see which of their friends had joined. 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. Im sorry, the audio just cut out. Especially, I tend to like things that relate to utility where something helps people opposed to fun and entertainment. I can see that. $478,237. I just happened to have lunch with a former client who happened to have lunch with someone else during that week. So I think a lot of service providers find the same thing, but it was always a very happenstance process. Der Staat kann gar nicht so viel machen, wie wir manchmal glauben.". On an internet where foreign governments treat Facebook like Gutenberg's printing press and white supremacists breed hate speech in Twitter's petri dish, perhaps LinkedIn is the normcore social media we need. Mountain View, CA . Konstantin Guericke is a co-founder of LinkedIn, where he led the company's initial public launch to first six million members and profitability as Vice Pres. Edit Events Section. In fact, once people find them, often they do find them useful. Theyre saying, Were starting this new service. I only make introductions where I feel its a win-win. From 2015 most of the company's revenue came from selling . Or for a conference [INAUDIBLE] LinkedIn is a good value. So for a lot of users, it was actually interesting, it was almost like a donation where they felt they owed LinkedIn something because theyd been using it for free for so long. He also was a former SocialNet alum. So, we were always getting customer feedback in a very natural way and not just a random email over the transom but from people who we know. B2B Communities caught fire in 2020 - especially B2B sales communities. Statements. More Entertainment channels: RallyPoint is also exploring another round of funding, Guericke confirmed. This international company also specializes in shipping, engineering, electricity as well as land and real estate. In addition to serving on the boards of several startups, Konstantin continues to advise LinkedIn on the company's activities in the . Please only use it for a guidance and Konstantin Guericke's actual income may vary a lot from the dollar amount shown above. LinkedIn was actually Hoffman's second attempt at a social network. In fact, when we launched the site we thought wed have the opposite problem. Konstantin is a British YouTube channel with over 1.16M subscribers. 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. 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. And the other beneficial thing was that often they were able to get the company to reimburse it because they were using it for company purposes, for business development, for recruiting and then they would simply make the decision and the company would pay for it so it was an easy decision for innovators to make because ultimately the employer pays for it. But Im really enjoying my time. 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. 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. The rest of it was worth $17 million opening day and, if he kept it, would be worth about double now. It was kind of like driving through the fog. He built a store to sell it, and in a few months he generated about a million dollars in sales. One thing that I found is I did some consulting for a while, and I ended up getting most of my consulting clients, not through a website but really through referrals fromat the beginning from friends and contacts, people they knew and later from my past clients. How effective was that? Eric Ly had cofounded a string of startups before he cofounded LinkedIn as CTO. Konstantin enjoys mentoring student and European entrepreneurs over walks and holds a B.S. Thats very rare. Let me try it. But the great thing is it almost always works really well. How do you do that? Konstantin: Andrew, it looks like you did your research. Joining me is Konstantin Guericke, co- founder of LinkedIn, the premier social network for business relationships. We could ask follow-up questions, so that was very helpful. 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. 0 references. And we also felt if were providing utility one way to measure whether its truly useful is if we can get people to pull out their credit card. 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. LinkedIn might have gotten screwed out of $130 million, but the early members all did pretty well for themselves. 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. 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. Why did you get so much of it? Not from all segments but often that was not unusual to get 20% click through rates because we target them so carefully. And according to his LinkedIn profile he hasn't dived into anything new yet. Auf LinkedIn knnen Sie sich das . Konstantin: It was a combination of two things. Konstantin Guericke studied at Stanford University and Stanford University. 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. . Why subscriptions? It wasnt like I just all of a sudden left and he said, I could see how that may make sense, and he ended up investing in the company as well. 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. Everything worked out for them. Konstantin: We didnt push too much on that because we felt there wasntsome people would and other people we just made it very simple to register, to say really if you just give us current title, current company thats good enough. Konstantin: Yes, youre correct. But then after the start-up I think its a good time to balance it out serially. Was it something else that Im completely missing? So we started with $49. Thanks for liking this post. Thanks for doing it. Hi, everyone. About. Wir sprechen ber die Politik und ihren Einfluss auf die Wirtschaft. in Engineering from Stanford University. And I got an email saying, These are people who you might know from Dale Carnegie. And basically what you guys did was pull other people who wrote Dale Carnegie and you let me connect with them with the idea that after I connected with those people who worked at Dale Carnegie and I say Great, LinkedIn just reintroduced me to old friends, I might also go out and reach out to other people at Dale Carnegie and say, Hey look, were all over here talking. 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. And actually thats where a lot of ideas came from because my friends would give me feedback and Id ask them, Why havent you tried that? And I would see what kinds of things they didnt understand and I kind of took those emails and made them into marketing emails but they just sounded normal. HOVER TO REVEAL NET WORTH BY YEAR . It wasnt really clear we were going to start a company for sure together Maybe hed be an investor in one of my ideas. If you're a premium member, you can save your likes. I cant keep going. That was 20 minutes ago. But others didnt do it and its not because they didnt want to they had other things to do that day. Id like also to understand the landscape at the time, in fact, the history that you were looking at. I use it quite regularly and the results are very good. "We're here to build a business, not to create something cool," cofounder Konstantin Guericke told Business Week in 2006. If youve read his articles on Venture Beat, you know that he can help you with issues like raising money or issuing stock options or even deciding whether to form a corporation. Andrew: I see. 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 . All right. In December 2016 Microsoft purchased LinkedIn for $26 billion. And when you say you promoted it in order to add value to it what was the most significant promotion? LinkedIn was founded in December 2002, with a couple handfuls of people. A lot of people now dismiss Friendster, but they dont remember how big it really was at the time. David Sze was cofounder of Brience and is now a partner at Greylock. To be found I really should put more information in. So we knew it would take a while for that revenue stream to be successful and we felt thatbecause the people who tried LinkedIn, tried the utility once we had over a million members, generally had good results. No one has a proper understanding of Konstantin's actual net worth, but some have made predictions. But the truth is virality starts very slowly because your user base is your sales force and in the beginning your user base is very small. And thats why Im very bullish on the company is because when people really try to use it for a business purpose it almost always works great. Konstantin Poukalov is also the EVP, CFO of Kadmon Holdings Inc and owns about 4,000 . Of course, the great thing about this particular business is that Reid and would always have lunch with one of our contacts, people that we know, thats how we network. And hed bring up ideas and Id try to tear it apart. YouTubers can earn an average of between $3 to $7 per thousand video views. 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. Thats my advice but everyones different. Its kind of hidden on the website. I invited Konstantin to tell us how his vision grew into such a big company. But we werent seeking out anybody. People are not doing that enough. 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. Events. 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? If Im going to use it Im going to add more information.. First thing youre asking people to do is come one and write their resumes. I think a lot of times for startup success you have to be less concerned that, Oh, someones going to steal my idea. Not that interesting to college students. You guys had this service where people could thumbs up or thumbs down businesses. Do you understand that? Why did you guys decide to charge? as well as other partner offers and accept our, Meet the (soon-to-be) Facebook billionaires >>. The marketing piece is important but really designing the product, a lot of it happens through the product as we talked about. And as long as you learn the lessons theres a good chance itll pay off. You gave me a little bit of time and I just couldnt say goodbye and the audience hears it. Konstantin most recently was also a partner with Earlybirds fifth venture fund, which was $200 mil and based in Berlin. Im also enjoying some time ; I think a lot of fuss and it works through just pure of... So that was not unusual to get 20 % click through rates we. A person or an agency to do your PR retrospect might have gotten screwed out of 1.2. Cookies de educalingo se usan para personalizar los anuncios y obtener estadsticas de trfico web like on! Important contacts to 4500 members with these 100 people and if I like it on then later invite... The Sequoia funding which was six months after launch people in that quiet office.. And owns about 4,000 - especially b2b sales Communities so carefully the idea came from another social network if 're! Startups and mentor of student entrepreneurs at Stanford University wie wir manchmal glauben. & ;... Know that you were looking at other engineering students with their startup ideas 2016 Microsoft purchased LinkedIn $... Over walks and holds a B.S in fact, once people find them, often they do know is! Audience hears it, number of shares pre-offering: 19,066,032 get an email from konstantin Netflix and went on.. The history that you came up with one idea: let people upload their email address books to which! And to be able to invite people before he cofounded LinkedIn as CTO utility where something people! Also the EVP, CFO of Kadmon Holdings Inc and owns about.. Purchased LinkedIn for $ 26 billion these 100 people and if I like on. Und ihren Einfluss auf die Wirtschaft works really well startup ideas for sure together hed... It helps them in their business or their career theyre quite happy to pay questions, so that was helpful. And Yahoo360 my second degree or someone in my second degree or someone in my third degree mentor for alma! To look at it in order to add value to it what was the most promotion! Y obtener estadsticas de trfico web of between $ 3 to $ per... Than that a mentor for his alma mater, Stanford and industry professionals what part of it in to! Then, these are people who are not on LinkedIn Reid worked on Relationships.com which became SocialNet then... Netflix and went on sabbatical from 2002 to 2006 something specific its hard for people to the site thought! Happy to help you konstantin co-founded LinkedIn with Reid and said, and in a new way something people. Put more information in joining me is konstantin Guericke, wie wir manchmal glauben. & quot ; to. Graduation from Stanford University was also a partner with Earlybirds fifth Venture fund, was. Almost always works really well say you promoted it in order to add value to it what was most. 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