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How Drip started as a widget and was acquired by Leadpages for a How a list nerd grew Ranker.com to 27,000,000 monthly visitors. And thats a lot to ask someone to do. Im at a networking event. Konstantin's Score is ( 6%) Above the National Average. Konstantin: [INAUDIBLE] to some extent [INAUDIBLE]. Launched - May 5, 2003. 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. They wouldnt want to expose who their contacts are, they wouldnt do that. And we knew there was a lot of goodwill in the LinkedIn community where some just felt, Im getting so much value for the free version. How do you do that? Konstantin: Yeah, sure. 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. LinkedIn cofounder and Stanford alumnus Konstantine Guericke, '90, MS '91, shares personal anecdotes about how LinkedIn came to be the world's largest social. You guys were like the slow car; you used that expression earlier. And the networkers were also very active but they would just want to and enlarge their network. Konstantin Guericke has participated in 1 event, Slush 2016 on Nov 30, 2016. sex or gender. Im going to ask you about that. You hold steady to your belief and what really helped me hold steady to my belief is whenever I would meet with a friend and he would say, Yeah, I havent been on LinkedIn for a couple months. I would ask them, So what are your top priorities this week? I cant say good bye to you because Ive been looking forward to doing this interview for so long. It was usually just two paragraphs, one simple action to take and it was helpful and it wasnt written in a marketing way. And according to his LinkedIn profile he hasn't dived into anything new yet. LinkedIn Co-founder Konstantin Guericke - The keys to building a long lasting B2B Network by Metrics that Measure Up. But now Im a consultant, Im not a full time employee and my passion is more different entrepreneurial things that Im working on. 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. The startup took $5.3 million in late 2013, but should bring on another round of financing "sometime in 2015." 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. as well as other partner offers and accept our. But Im also enjoying some time; I think thats also important for entrepreneurs. They were big. You said, and I wrote this down, that there were many other companies that failed. He also was a former SocialNet alum. We worked pretty hard trying to decidewe always knew there would be a premium level of it but which segments should we go after, what features are on the premium, those were hotly contested when we went there. The [INAUDIBLE]. 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. No matter how you look at it, LinkedIn is one of the stand-out Valley success stories. What did you learn from them? Let's now take a look at the Top Social Media Platforms in 2023 that gives you a complete walk-through of sites that will help you to decide professionally:-. 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! First thing youre asking people to do is come one and write their resumes. 2023 GABA German American Business Association Registration and Refund Policy, GABA German American Business Association. Show me that you guys were human. 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. The predictions are reviewed by editors and industry professionals. But basically as people got more applicants we could charge more. What kind of car I drive or what kind of house I have. He was also an early employee of PayPal in product and business development roles, staying through the 2002 IPO and sale to eBay. I encourage entrepreneurs to think about is if you start this venture and you put four years into it and you just close it down how do you feel about that? : #konstantin . Konstantin Khabenskiy is 49 years old (in 2021). . I think its a very good idea to do it when youre young because I did it when I had my first daughter and it was a very difficult trade off because theres always more to do. Usually, theres been a founder whos done something similar two years before or five years before or ten years before. Just imagine you have a car, another car comes by and goes faster and the next car goes faster. If Im going to use it Im going to add more information.. Email . Theres nothing really in it for me. So we had to draw those distinctions. Konstantin Guericke, Krystle Cho, Naval Ravikant. Andrew: So, you guys would get together one-on-one on a regular basis, you and Reid Hoffman, and just talk about different business ideas that you had? Konstantin Guericke, son of a north German teacher couple, studied at Stanford University in the United States. 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. )," he described in a blog post. Its not that there arent useful websites out there. Theres another company that had the same issue called ZeroDegrees. Because LinkedIn created the API because LinkedIn knew they couldnt cater to all segments equally well and do that. Two weeks after /">laying off 30 percent</a> of his employees, Jaxtr CEO Konstantin Guericke finds himself out of a job. Energy Standard Group SA is a holding company that owns power utility and power engineering companies in Grigorishin's hometown. 10/21/2022 1:41 PM. But then after the start-up I think its a good time to balance it out serially. Konstantin: Beginning, in order to see the market, we gave away free job listings for a couple of months and lots of people took us up on it. Wanna follow Konstantin Guericke's net worth? He kept his LinkedIn stake, selling $1.3 million worth in the IPO, the New York Times reported. The group currently owns a number of Ukraine-basedelectric energy equipment factories. GuerickeGuericke25Guericke Educalingo Konstantin: Well, it was a very organic process. 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. So what you did different from them was instead of being a novelty, you became a utility. I can see that. How can you reallythat would be very satisfying. Ein eigenes Unternehmen grnden und damit reich werden - LinkedIn-Mitgrnder Konstantin Guericke hat das geschafft. Today he's a venture capitalist at a firm he cofounded, NextView Ventures, which specializes in seed rounds. He describes his first day at LinkedInlike this: "As part of the founding team, my first day in our 'office' was in serial entrepreneur Reid Hoffman's apartment. Everything worked out for them. Friendster had already done a good job. We called it always the fishbowl networking, but that like in the real world youd be introduced by somebody. 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. Its very popular before investing a lot of money into a stock, people want to really do their due diligence on the investments and talk to as many relevant people as possible. By clicking Sign up, you agree to receive marketing emails from Insider Konstantin: Thats the idea with the contact finder because people would be looking for a PHP programmer. Previously, he has been CEO of jaxtr (social communications start-up, over ten million. 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. 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. I invited Konstantin to tell us how his vision grew into such a big company. Question and answer sites. Create some new opportunities to really leverage the network that LinkedIn had built and to cater to some specific sections of that. I cant hear you. And so, maybe, I can find more. And so now its much more interesting to look at a profile with a picture. And it seems crazy. So some just do that naturally. Theyre going to do it before me. But really, timing is everything, and luck is a lot of it, too. 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. Its just over time that gets more and more powerful. I know at that time I was doing a lot of email marketing to our existing members and that had to be done very carefully because the very first time we tried it we just sent out a newsletter to our members and people were very annoyed because our audience is very easily annoyed at extra email. Many people ask about the amount of money Konstantin Guericke makes from Instagram. 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. 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. Then we moved the price point to 99 then to 149 and to 199. Last Update. We were both doing virtual worlds, virtual communities. B2B Communities caught fire in 2020 - especially B2B sales communities. He calls himself a Domestic Infrastructure Support Technician (i.e. He led the company's marketing activities from . 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? We looked through the most recent SEC filing to see how much everyone's shares are worth. Andrew: You bring up an idea, and Reid Hoffmans job would be to tear apart an idea that you came up with? If Konstantin makes on the higher end, ads could bring in up to $156.29 thousand a year. Stealth launches are hard and social network stealth launch is even harder. 1. Chris Saccheri was part of the founding team of LinkedIn, responsible for building the website, a task he worked at for almost nine years. And people thought because there were a lot of other social networks being launched after Friendster came up, TryIt.net and Orchid and Yahoo360. 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. and M.S. 0 references. What were those three features that you had in mind? Well, the platform he used is Shopify. From the Postwar Boom to Global Capitalism, 1945-Today; Themes. Las cookies de educalingo se usan para personalizar los anuncios y obtener estadsticas de trfico web. . I think you also got some press mentions early on. And hed bring up ideas and Id try to tear it apart. But much of LinkedIn's founding team came from SocialNet, including Vaillant. Business Data 130 Campus Dr, Edison, New Jersey, 08837-3936. We just felt that was one of the advantages of the space that we picked is that we can monetize just not through advertising because clearly we have something that appeals to people when theyre of working age, in the ages of 25 to 65. 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. 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. But really when he was ready to leave PayPal, we kind of started those conversations again and the timing seemed good. In fact it stuck around; when we launched we were the Friendster for business and three years later were the MySpace for business. So we would segment our user base into fairly small segments and look at what is the type of message that may be useful. The first was a dating site called SocialNet, WHERE ARE THEY NOW? 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. Von Verena Tpper 21.02.2014, 06.55 Uhr prints Downloads. And whats going to make someone, even if you show up in the search results, whats going to make them pick you? 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. Theres one question everybody wants answered: How does Konstantin earn money? In addition, he makes $477,052 as Vice Chairman of the Board at Essex Property Trust. 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. Its a quiet, clean, well-lit place, not a lot of hassle, not a lot of fuss and it works. Andrew: I see. He's also become a mentor in 500 Startups and is anactive angel investor. The net worth is calculated based on the publicly available CPM (cost per thousand views) paid by advertisers. Cofounder Konstantin Guericke was vice president of marketing and led LinkedIn's marketing from its earliest days until it became profitable in 2006. Konstantin's net worth may really be higher than $347.32 thousand. But others didnt do it and its not because they didnt want to they had other things to do that day. I am a social architect with a passion for exploring the intersection of psychology, sociology and computing. Konstantin: If thats important to you. Today everyone acts like LinkedIn is run by geniuses and of course anything they touch is a hit. But as a business if you can get a recurring revenue stream its much easier to plan for your business. Andrew: You had an idea that you had three features that you were going to launch with and one you still havent even launched. Edit Events Section. That just makes you a little more interesting. 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. She joined LinkedIn in 2004, about a year after the website launched when it was still tiny, about 25 employees. Konstantin: There are two I think. The audio just cut out. I enjoy mentoring the next generation of entrepreneurs, serving on boards and teaching. And now we cut off the top of your head. Andrew: Ive been unfair with you and your time. as well as other partner offers and accept our, Meet the (soon-to-be) Facebook billionaires >>. edit. 2003 is when LinkedIn first launched. And so a lot of people were very disappointed. Thank you all for watching. Was it that you had some viral component already baked into that first version that got the growth? In addition to serving on the boards of several startups, Konstantin continues to advise LinkedIn on the company's activities in the German market. Konstantin Poukalov is also the EVP, CFO of Kadmon Holdings Inc and owns about 4,000 . Because people would get a lot of applicants on Monster but it was too many and too many of the wrong kind. They werent adding that much to the system. Born in Ukraine, this 47-year old billionaire is a graduate of Moscow Institute of Physics and Technology. I cant really relate to them and therefore I cant learn as much from them, I can imagine people thinking. 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. Wir sprechen ber die Politik und ihren Einfluss auf die Wirtschaft. I hate to even talk about this. Watchthis video to learn about him. Konstantin: There was very few that created a measurable spike. So people feel quite good about it. sponsored content and product sales, which are not reflected in these numbers. Lets talk about the subscriptions. YouTubers can earn an average of between $3 to $7 per thousand video views. I spent $20 million on this problem. Andrew: Didnt other social networks already do that when you launched? More Entertainment channels: Now when people try to use it for social purposes, often it doesnt. How effective was that? 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. Grigorishin is best associated withEnergy Standard Group where he is currently the largest shareholder and president. 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. LinkedIn-Mitgrnder und Netzwerk-Profi Konstantin Guericke. Born in Ukraine, this 47-year old billionaire is a graduate ofMoscow Institute of Physics and Technology. 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. But LinkedIn is very consistent. You may be asking: How much does Konstantin earn? 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. Theres one question everybody wants answered: how much does Konstantin earn money it doesnt to... 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