Some of our friends would just naturally understand to really help isnt just accepting the invitation; it is to spread it to their friends. Born in . Cofounder Konstantin Guericke was vice president of marketing and led LinkedIn's marketing . But even some of the negative publicity people said, Well, I want to check it out for myself and try it out.. Not that interesting to college students. They would be successful. Copyright 2020 - 2023 Net Worth Spot. And they think of each new contact as potential revenue but they dont have an immediate transaction in mind. Didnt you allow linking from person to person? But Im really enjoying my time. 19 Sep 2013. How do you do that? And it seems crazy. Its dead simple and very effective. 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 Guericke is a Senior Vice President at HCF Management based in Lima, Ohio. Andrew: One of the things that I always liked about your emails, going back to the early days, was just like you said, it feels conversational right down to I think you had a one sentence, text based email. Andrew: Didnt other social networks already do that when you launched? Net Worth Spot is not associated with YouTube. One we call the searchers and one we call the networkers. Konstantin: So when people read about all the privacywhy its a safe thing to do they would actually start being concerned about it. 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. So who I ended up getting as a client was very clear. LinkedIn went public in 2011 for $4 billion and was purchased by Microsoft in 2016 for $26 billion. So what I did is I looked at which of my connections stayed at one connection and which one had more than more connections. I didnt do it to earn money. 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. You were saying that it was always happenstance, and then we lost the connection. Bis er auf ein anderes Pferd setzte. He went to another hot up-coming company: Netflix. Because people do know that most recruiters are on LinkedIn these days. Konstantin Guericke, Krystle Cho, Naval Ravikant. 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. Computers, Internet, and Software Select Material: 4x6 $15.00. Thats not what its designed for. Konstantin: Yes, youre correct. Reid Hoffman is a Valley A-lister, worth almost $4 billion. 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. Konstantin Guericke has participated in 1 event, Slush 2016 on Nov 30, 2016. There are a lot of things that I know make a difference. I see you were there from 2002 to 2006. 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. You had some great questions and I hope it encourages other people around entrepreneurship because thats what makes the world go round. Edit Events Section. First thing youre asking people to do is come one and write their resumes. So last year we spent six months in Europe and put my girls in school over there and really spent time there. Konstantin pockets an estimated salary of $89,120 annually. They were around at the time. What did you guys feel internally about that? It was very clear what it was about, it was usually theyd try to do a win-win transaction and the majority of people think of LinkedIn kind of as their office. We were both doing virtual worlds, virtual communities. Stanford University BS Engineering 1990. Since you did your research I think you saw from the very first press articles we talked about. I thought the butler would be holding onto the webcam and another butler would be holding onto the microphone. You better invest in it.. Im seeing youre in an ordinary place. Theyre doing something interesting, bringing together mobile phones and social networks. I would understand, okay. Buying LinkedIn, Microsoft makes big bet on social data. Andrew: You also put a little note, or a little icon, next to every paid member, right? Follow. a family man), on his LinkedIn profile, which sounds an awful lot like a retirement job. And the people who just registered and had one connection I would give them a phone call and I would say, Youve accepted this but this isnt going to be really valuable unless your contacts are on it as well. Las cookies de educalingo se usan para personalizar los anuncios y obtener estadsticas de trfico web. Youre one of the co-founders of one of the top Silicon Valley firms. And how did that come about? LinkedIn co-founder Allen Blue on India ambitions, Whitney Bouck Joins Whitepages Board of Directors, RallyPoint Networks, a LinkedIn for Military Vets, Adds $5M, RallyPoint: How Two Veteran Entrepreneurs Are Changing Social Media, RallyPoint: The Social Network for the Military. Konstantin: Lets see. There was some of that utility. A lot of people probably dont remember them. This 'worth' of a customer can help determine many economic decisions for a company including marketing budget . If theres ever an interview to rewind and re-listen to I believe its this one. Wir sprechen ber die Politik und ihren Einfluss auf die Wirtschaft. It is an approximate forecast of how rich is Konstantin Solovyev and could vary in the range between $543.5K - $1.5M. I want to make sure your whole heads in the video. 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. Konstantin: Well we basically knew the job listings take a while. In all seriousness what are you up to now, what are you going to be doing next? I think what encouraged most people to pay is just hearing someone using LinkedIn because there are a lot of people who just reconnect with their friends, put up their resume but sometimes when they actually do a searchI think most of the value of LinkedIn stars searching. 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. But basically as people got more applicants we could charge more. Conoce el significado de Guericke en el diccionario ingls con ejemplos de uso. This guys got it right. 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. Im wondering, early days, 03 people hate you. Ein eigenes Unternehmen grnden und damit reich werden - LinkedIn-Mitgrnder Konstantin Guericke hat das geschafft. It has forever changed how we find jobs and network with business colleagues. Headquarter- Sunnyvale, California, United States. 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. Whats your biggest struggle in business? And he would tell me about it and I would walk with the person to my office afterwards and say, Okay, let me show you how you might be able to solve that problem. Because almost always solving a problem involves information or people so you need to find the right person or you need information. But that to me just isnt that interesting. 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. To not show the friends that were already LinkedIn? From 2006 to 2008 he was a manager at StartUp Jaxter and at the same time . Net Worth: $1.1 Billion. See him at WalkerCorporateLaw.com. 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. Number of Events 1. I forgot. Auf LinkedIn knnen Sie sich das . Wed also seen Friendster starting to really take off on the social side. They were looking for contacts. Actually Plaxo was very big at the time already. Why do you think they didnt make it in the field that you were jumping into? Groupon did something completely different before theyre Groupon. She joined LinkedIn in 2004, about a year after the website launched when it was still tiny, about 25 employees. Estimation. Konstantin Guericke (Q109910906) From Wikidata. Konstantin is Co - Founder of LinkedIn, where he has led marketing activities from launch to first six million members and profitability as Vice President of Marketing. He also volunteers at the The American Bookbinders Museum, a fully-functional 19th-century-style bookbindery in San Francisco. The platform is primarily used for professional networking and career development, and allows job seekers to post their CVs and employers to post jobs. Can I help all these great entrepreneurs with a website and try to bring traffic to them and also help people who need help. Konstantin: Yeah, we would meet. Monthly Active Users - 774 million. And do you remember when I interviewed Sara Sutton Fell about how thousands of people pay for her job site? At the end of all of that what is on a personal level, what is the big reward for you? So then we started with $49 and we really tried to promote and LinkedIn became better known that there are job listings. Search Background Check Edit Listing. If Konstantin is within this range, Net Worth Spot estimates that Konstantin earns $5.79 thousand a month, totalling $86.83 thousand a year. LinkedIn cofounder and Stanford alumnus Konstantine Guericke, '90, MS '91, shares personal anecdotes about how LinkedIn came to be the world's largest social. Konstantin 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. Guys, now that the interview is over it doesnt have to be the end of your time with Konstantin. 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. MySpace comes out of nowhere; these guys suddenly walk on water the next day. And when I heard the phone ring somewhere around, it must have been about noon your time, I said, Hes got to go. Youll hear all about them here, including why they intentionally targeted an audience that had money so they could generate revenue. He left LinkedIn in 2011, through the IPO. The net worth of Konstantin's channel through 3 Jan 2023. And not searching for someone you know but searching for a kind of person who has the information or the kind of person that you need in your business thats going to help you solve a business problem. 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 as long as you learn the lessons theres a good chance itll pay off. konstantin guericke net worth. It wasnt a long newsletter. I figured I couldnt afford to do a bad job at it. : #konstantin . Maybe a little up. TypicallyIm not 100% sure. LinkedIn-Grnder Konstantin Guericke erklrt, wann sich der Umzug nach Kalifornien lohnt - und warum Berufsstarter ohne eigene Webseite besser dran sind. 5x7 $20.00. I remember Guy Kawasaki raved about it and other people raved about it but most of us didnt use it. Do you understand that? Der Staat kann gar nicht so viel machen, wie wir manchmal glauben.". KB Home Business Data 10990 Wilshire Blvd, Los Angeles, CA 90024, USA, California (310) 231-4000 customerrelations@kbhome.com www.kbhome.com. How do you overcome that when you notice thats one of the big issues in your site? 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? They werent adding that much to the system. If Konstantin makes on the higher end, ads could bring in up to $156.29 thousand a year. This was the really early days of the web. Please enter your email address to continue, Create products people want (By building in increments). You could check out LinkedIn.com and see it.. and must be updated when channel data changes. What was it? Konstantin Guericke, son of a north German teacher couple, studied at Stanford University in the United States. 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? In fact, once people find them, often they do find them useful. I think a lot of times for startup success you have to be less concerned that, Oh, someones going to steal my idea. HOVER TO REVEAL NET WORTH BY YEAR . You guys were pioneers in question and answer sites before [INAUDIBLE] you had quality from our networks with voting up and down and with the right answers, not like Yahoo type answers. 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 . 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. And I would be lying if there is a golden rule or a good medium. Konstantin: We launched with both. People didnt even understand how LinkedIn worked. Andrew: Then what is? 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. Add it to your site and see what happens, Grasshopper.com. 2022 Billionaires Net Worth. Konstantin: It was that we knew some people that were well-connected and who would basically invite people to the site because they trusted us. But if it helps them in their business or their career theyre quite happy to pay. So we have more of a specific segment. Konstantin: Well that was part of the initial business model. Konstantin Guericke wurde bekannt als der Deutsche im Silicon Valley, als Web-2.0-Pionier und Mitbegrnder von Linkedin. There was some of that impact: wow. Launched - May 5, 2003. Videos on the channel are posted in the categories Lifestyle, Entertainment. Los Angeles kguericke@kbhome.com. Andrew: Ive been unfair with you and your time. You gave me a little bit of time and I just couldnt say goodbye and the audience hears it. If you want to find Konstantin you know you can find him on LinkedIn. Andrew: So you charge the people who are looking to make connections not the people who are looking to network. He used Shopify. So the initial burst came really from that circle. He was born on January 11, 1972, in Saint Petersburg, Russia. Reid Hoffman completed his graduation from Stanford University in 1990 and post-graduation in Philosophy from Wolfson College, Oxford in 1993. . However, it's uncommon for YouTube stars to rely on a single source of revenue. I cant really relate to them and therefore I cant learn as much from them, I can imagine people thinking. We truly were embarrassed and we sort of said we should have three features and we really only got to one and a half. Its not something Im currently working on but I am thinking about this problem. 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. 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. Look at the biggest point that she made. Net Worth. Year. The second was really around questions and answers and the third was something called contact finder where youd have a request and people would send it to people who are not in the network. in Engineering from Stanford University. Theres probably better ways to get rich than being an entrepreneur. 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. 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. So they do know this is the place where you want your profile to be found. 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's exact net worth is not precisely known, but our website Net Worth Spot estimates it to be over $347.32 thousand. Lee Hower was part of LinkedIn's founding team in 2002. 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. 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. Theyre more communication oriented. Reid Garrett Hoffman CBE (born August 5, 1967) is an American internet entrepreneur, venture capitalist, podcaster, and author.Hoffman was the co-founder and executive chairman of LinkedIn, a business-oriented social network used primarily for professional networking.
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