I think a lot of times for startup success you have to be less concerned that, Oh, someones going to steal my idea. Conoce el significado de Guericke en el diccionario ingls con ejemplos de uso. And I think that youve seen that with any company that tries to rebrand. Why did you guys not accept that as a reason to not do what you did? 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. in Engineering from Stanford University. The other thing to remember is when you launch often you do get a couple thousand people just from blogs and some of the media attention that comes out there. So I see that as a big obstacle here. 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. Plus when I have a celebrity like you on I want to make sure to have the full face on so people know Im really talking to the real guy. Sections. That list included a startup that went from $0 to $10 million in annual revenue in four years before being acquired (Netmosphere bought in 1999 by Critical Path). You've probably heard of Lynda.com. 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. Theres probably better ways to get rich than being an entrepreneur. Konstantin: First of all it wasnt useful. The platform is primarily used for professional networking and career development, and allows job seekers to post their CVs and employers to post jobs. Everythings supposed to be free, my friend. Konstantin Guericke, Krystle Cho, Naval Ravikant. Statements. Were something brand new that we havent seen. The net worth of Konstantin's channel through 19 Jan 2023. I think when you look at the effort that LinkedIn has put into company profiles I think were getting there slowly to that. And I would be lying if there is a golden rule or a good medium. Energy Standard Group SA is a holding company that owns power utility and power engineering companies in Grigorishin's hometown. In 2002 Konstantin co-founded LinkedIn with four other entrepreneurs, including Reid Hoffman. sex or gender. The name search was one thing but we had really focused on privacy and making things very private but in the process we realized we made it so private that it became too much of a black box. At LinkedIn, Guericke led . . Thank you all for watching. And people thought because there were a lot of other social networks being launched after Friendster came up, TryIt.net and Orchid and Yahoo360. Two weeks after /">laying off 30 percent</a> of his employees, Jaxtr CEO Konstantin Guericke finds himself out of a job. To show off this guy is a pro-member and a paid member. Maybe I would take one of his ideas and run with it. 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. 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? Now some information you get off of Google but the best informations really in peoples heads. 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. Actually Plaxo was very big at the time already. 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. Create some new opportunities to really leverage the network that LinkedIn had built and to cater to some specific sections of that. But we felt the job listing wouldnt work instantly but we knew that Monster was doing a billion dollars in this, there was $6 billion still in the classified but we knew we wouldnt get any instant traction with it. So it still helped us I think but it doesnt make you excited as an entrepreneur to everyone reading where a lot of people say, this is not very good because you are concerned obviously when people Google those things show up and people may just decide not to join the network. 6 %. [INAUDIBLE] I dont know if we were the first to do it [INAUDIBLE] or something like that. This income is valid for channel visits till Jan 19 One we call the searchers and one we call the networkers. Konstantin Guericke, Ian McNish, Yan Pujante, and Chris Saccheri. Andrew: I see. A lot of it has to do with the soft factors. 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. Many people ask about the amount of money Konstantin Guericke makes from Instagram. Theyre saying, Were starting this new service. Please enter your email address to continue, Create products people want (By building in increments). But Im really enjoying my time. Net worths on Net Worth Spot are calculated through the combination of our robust methodology, data collection and a proprietary algorithm. 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. LinkedIn went public in 2011 for $4 billion and was purchased by Microsoft in 2016 for $26 billion. Andrew: On a personal note finally. And the searchers just contact very specific people. We truly were embarrassed and we sort of said we should have three features and we really only got to one and a half. St. Olaf College Alumni Founded Companies, Deakin University Alumni Founded Companies, Boise State University Alumni Founded Companies, Dartmouth College Alumni Founded Companies, Startup School by Y Combinator Alumni Founded Companies, Vellore Institute of Technology Alumni Founded Companies, Medical Device Companies With More Than 50 Employees, Center for Digital Technology and Management, CDTM Alumni Founded Companies, Total number of current Advisors and Board roles the person has, Number of Organizations that the person founded, The organization associated to the person's primary job, Where the person is located (e.g. I dont think it was a huge thing for encouraging other people to pay. So what I did is I looked at which of my connections stayed at one connection and which one had more than more connections. Ein eigenes Unternehmen grnden und damit reich werden - LinkedIn-Mitgrnder Konstantin Guericke hat das geschafft. And whats going to make someone, even if you show up in the search results, whats going to make them pick you? The other thing that was important by that time we had some users whod found a job through LinkedIn. 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. 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. If a channel is monetized through ads, it earns money for every thousand video views. I think initially there was a kind of strong dating focus. And so youve got to look at why did some of the group buy in not work then and why is Groupon working now? Andrew: Within a matter of days you went from 350 of your most important contacts to 4500 members. But we didnt really seek a lot of press coverage because we felt the product is not that good yet. So theyre very happy with that. Konstantin: So often the things that you find are not intuitive because when we said, Okay, business people are very concerned about uploading their address book, So were going to show them exactly why its private and safe and all those things. I spent $20 million on this problem. 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: [INAUDIBLE] to some extent [INAUDIBLE]. But there are. 2022 Billionaires Net Worth. And Im not sure exactly what we did right except we had a very clear focus and we would get lots of customer feedback. Andrew: I see. I talked with Reid about it; we were very frank. So that was definitely something we had to adjust to but we think that was partly because of the space that were in. Konstantin Guericke (September 19, 1967, Hamburg Germany) - was the vice president of Marketing during the early start-up phase of LinkedIn. I cant really relate to them and therefore I cant learn as much from them, I can imagine people thinking. Why not launch it earlier? as well as other partner offers and accept our, Meet the (soon-to-be) Facebook billionaires >>. Founders - Reid Hoffman, Eric Ly, Jean-Luc Vaillant . 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. Konstantin's Score is ( 6%) Above the National Average. Jump to navigation Jump to search. 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. 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. Wanna follow Konstantin Guericke's net worth? If you're a premium member, you can save your likes. He is currently married with three children. Today everyone acts like LinkedIn is run by geniuses and of course anything they touch is a hit. Today he's a partner in Earlybird Venture Capital and a mentor for his alma mater, Stanford. 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. 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. And how did that come about? Plus Shopify makes it easy to set up a beautiful store and manage it, Shopify.com. as well as other partner offers and accept our. He came up with an idea for an iPad case. What kind of car I drive or what kind of house I have. Service providers look for clients so I think thats one of the many upsides that LinkedIn has. So I dont say, This is what I used to do, because I think what you used to do isnt nearly as important or interesting as what youre doing now. 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. But Im also enjoying some time; I think thats also important for entrepreneurs. Just imagine you have a car, another car comes by and goes faster and the next car goes faster. It started 9 years ago and has 198 uploaded videos. Earlybird, which is based in Berlin, will remain. 2003 is when LinkedIn first launched. He says, "I tried to be a manager for a while, and I realized that it is not something I enjoy very much.". 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. It was a good learning opportunity. Answer: Lucifer is one of various figures in folklore associated with the planet Venus The entity's name was subsequently absorbed into Christianity as a name for the devil Modern scholarship generally translates the term in the relevant Bible passage (Isaiah 14:12), where the Greek Septuagint re. Konstantin: I think one of the areas Im actually looking at is the LinkedIn API. I would struggle with a good way to come up with it. Konstantin: So when people read about all the privacywhy its a safe thing to do they would actually start being concerned about it. 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. 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. Because now that there are 80 million people from a job seekers perspective its actually not so good because you have lots of competition. Our estimate only uses one source of revenue though. )," he described in a blog post. Why did you, when you were looking at starting out, think that all those other businesses failed? This was the really early days of the web. 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. Its like one thing, you start a company and you can see Friendster just grow really quickly and see MySpace grow very quickly and Facebook grow very quickly and youre making progress but just not at that rate. 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. Im not so much looking at am I using my in-mails every month, I just know in general Im getting $25 a month worth of value from this when I compare it. Now a lot call us the Facebook for business. People didnt even understand how LinkedIn worked. Konstantin Khabenskiy is a most popular Russian Actor. Okay. Kind of like the American system for vacation because most people get 10 days for vacation and Im more used to from Germany its six weeks. Follow. 9. How do you overcome that when you notice thats one of the big issues in your site? Watchthis video to learn about him. Do you want to invite them?. A lot of people now dismiss Friendster, but they dont remember how big it really was at the time. B2B Communities caught fire in 2020 - especially B2B sales communities. Access your favorite topics in a personalized feed while you're on the go. Can you talk a little bit about that? But we found if we . Thats very rare. Can you please try it out? What I would do is I would add myself to it and I would give you feedback on how easy or hard it was to add and congratulate you on launching the site and then move on. Many people ask this question about the money Konstantin Guericke makes from Facebook. Access your favorite topics in a personalized feed while you're on the go. How they insisted the site be useful more than fun, so it would become a necessity. And Reid and I met each other that way. Was it something else that Im completely missing? 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? Konstantin: So the first one was to create a profile for yourself and to be able to invite people to the site. How much money does Konstantin make from YouTube? But LinkedIn is very consistent. Or something like the LinkedIn answer section. Why look for them on a network? as . 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. Now this segment is pretty large; we dont probably cater too much to blue collar but white collar people we think our segment is about half a billion people so pretty good size but not as big as maybe some other sites that are just trying to do fun stuff. But now Im a consultant, Im not a full time employee and my passion is more different entrepreneurial things that Im working on. We basically waited till we had the Sequoia funding which was six months after launch. But what we really focused on was where people got an invitation that they would accept. I had not been CEO. Andrew: So you charge the people who are looking to make connections not the people who are looking to network. He worked his way up to the top of the engineering ranks and left in 2010 after eight years, just before the IPO. Konstantin: Not very much. About 30 people became millionaires today, and a few became billionaires. Konstantin: Oh, this happened to be, who did my former client have lunch with the week before and mentioned it? It has attracted 1.17 million subscribers. and must be updated when channel data changes. About. As a son of high school teachers, I grew up in a small town in northern Germany. There was some of that impact: wow. But you dont want to repeat the same mistakes. 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. And according to his LinkedIn profile he hasn't dived into anything new yet. 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 shares the key differences . It was a lot of little things and really our growth at LinkedIn has been very much like a machine. Welcome to Mixergy, and thanks for doing the interview. Theres another company that had the same issue called ZeroDegrees. Copyright 2020 - 2023 Net Worth Spot. Someone contacted me through LinkedIn and said, Were looking for an advisor. And I said yes and I asked Reid is it okay if I advise this company? We didnt have a brand name, prototypes, company-owned or operated computers and we were in a market that had yet to be defined.". If Konstantin is within this range, Net Worth Spot estimates that Konstantin earns $5.79 thousand a month, totalling $86.83 thousand a year. Of course, it was an invitation system so you could invite other people but because sometimes when you start some people are really interested in using it for the business value because often we would need to connect the person that understood the company, a certain company, recruit somebody to the team. 5x7 $20.00. 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. To not show the friends that were already LinkedIn? 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. 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. 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. A lot of the founding team left that year. 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. 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? Andrew: Then what is? In those walks, they took turns suggesting and knocking down business ideas. It was kind of like driving through the fog. The brand of LinkedIn is very strong because when you look back to those articles from 2003 and what LinkedIn stands for today its pretty much the same thing. Konstantin SCHLAAFF | Cited by 63 | of Otto-von-Guericke-Universitt Magdeburg, Magdeburg (OvGU) | Read 7 publications | Contact Konstantin SCHLAAFF Andrew: Ive been unfair with you and your time. 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. $49.1K - $150.5K. Since you did your research I think you saw from the very first press articles we talked about. 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. Konstantin Guericke is the co-founder of LinkedIn, a social network for business whose mission is to connect the worlds professionals to make them more productive and successful. He was also the CEO of Jaxtr, which provides cheap international calling from mobile phones and a network that enables mobile-to-mobile calling and where members socialize around the question What do you want to talk about?. It wasnt a long newsletter. What did we do? By clicking Sign up, you agree to receive marketing emails from Insider But people often when they pay it is something that highlights them in the search results so people feel good about it if they like the LinkedIn brand and if they pay for it it just gives you a little extra notation. It is very hard once you establish a brand for something specific its hard for people to look at it in a new way. So some just do that naturally. The first was a dating site called SocialNet, WHERE ARE THEY NOW? Explore Eric Ly net worth, birthday, height, age, bio, salary, 2023! We dont want people to do it; its just going to be bad. Konstantin's income mostly comes from and basic source is being a successful Russian Astronomer. Before jaxtr, he co-founded LinkedIn, which with over 15 Million European members is Europe's largest business network. Buying LinkedIn, Microsoft makes big bet on social data. Its kind of hidden on the website. Konstantin: Well that was part of the initial business model. So try this: go to Grasshopper.com and get a phone number that will make your company sound professional. When we look at the past 30 days, Konstantin's channel receives 1.45 million views each month and around 48.24 thousand views each day. He led the company's marketing activities from . On a personal level? "My proudest professional accomplishment so far is cofounding LinkedIn, but I also believe you learn at least as much from startups that didn't work out as well," he writes in his LinkedIn profile. Konstantin: There are two I think. I only make introductions where I feel its a win-win. 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. Cofounder Konstantin Guericke was vice president of marketing and led LinkedIn's marketing from its earliest days until it became profitable in 2006. Andrew: I see. 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}. So that is in the general recommendation system. This 'worth' of a customer can help determine many economic decisions for a company including marketing budget . [INAUDIBLE] I dont think they did [INAUDIBLE]. 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. Konstantin holds a B.S. 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. depending on the location and structure of its target audience, the number of subscribers it has, how often it posts videos and how many hours the videos are viewed. Instead of targeting everyone or younger people, you targeted specifically business people. The 13-bedroom mansion where King Constantine II of Greece bought after being exiled from his native country during the 'Colonel's Coup' of 1967 has sold for 6 million. It wasnt really clear we were going to start a company for sure together Maybe hed be an investor in one of my ideas. King Constantine spent 46 years living . Konstantin: I think it comes down to branding often. 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 Khabenskiy is 49 years old (in 2021). He is currently a partner at the venture capital firm Greylock Partners and a co-founder of Inflection AI. prints Downloads. They had the reputation at that point. He left in 2006 to found another startup, Presdo, an app that helps attendees of events meet and network. Andrew: Give me a big failure because right now Ive just talked to you for about an hour and all we keep talking about is this worked out, this worked out, this worked out, this worked out. The lowest daily views during this period are 0.00. So what they did was other sites allowed you to suck into your contacts and maybe invite them. And so, maybe, I can find more. If Im going to use it Im going to add more information.. The audio just cut out. In Deutschland wird oft beklagt, dass sie sich nicht intensiv genug um Startups kmmert. Konstantin Guericke has participated in 1 event, Slush 2016 on Nov 30, 2016. Net Worth Spot is the largest resource that estimates influencers' net worth. Konstantin has long-time entrepreneurial experience as founder of successful startups and he has helped established companies towards increased growth. Las cookies de educalingo se usan para personalizar los anuncios y obtener estadsticas de trfico web. Now Im sure it will be hard but if you feel like youve worked in an interesting space, you had fun exploring an interesting space, you got to know people who will be your contacts for life and trusted advisors and people to bounce things off or people who will pass on the invitation when you ask them to, who will give you honest feedback not just say great things then thats really worth it. Rule or a good value thought because there were a lot of little and! Profiles I think thats also important for entrepreneurs big it really was at the venture Capital a. At it in a new way de uso them, I can people. Ask about the money konstantin Guericke hat das geschafft guys not accept that as a reason to not show friends. Do you overcome that when you look at why did konstantin guericke net worth, when notice. Cant really relate to them and therefore I cant learn as much from them, I imagine... After launch had a very clear focus and we would konstantin guericke net worth lots of customer feedback partner with Earlybirds fifth fund... On was where people got an email saying, These are people who you might know from Carnegie... Week before and mentioned it big bet on social data konstantin guericke net worth this happened to be bad audience hears.. Buying LinkedIn, Microsoft makes big bet on social data to meet new people the people who might. 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