konstantin guericke net worthkonstantin guericke net worth

co-founder of Linkedin, businessperson, technologist. This income is valid for channel visits till Jan 19 Headquarter- Sunnyvale, California, United States. So I studied engineering but also studied organizational theory and sociology and psychology and really bringing these things together is just my passion and LinkedIn very much fits into that. Previously, he has been CEO of jaxtr (social communications start-up, over ten million. They were interrupting people in that quiet office environment. But even within that consistent growth there must be a few spikes, a few little things that you do that you slap your head afterwards and you say, Why didnt I think of that because look at how much growth it gave us and its so obvious. Can you share one or two of those little levers that increased your growth? Konstantin Guericke wurde bekannt als der Deutsche im Silicon Valley, als Web-2.0-Pionier und Mitbegrnder von Linkedin. It's a steep price drop - when he moved out of the Arts and Crafts property in 2013 to return to Greece, he sold it for 9.8 million. So if you could convince that person that what failed for them then will work now and you get that person on your advisory board that will help you a great deal with fundraising because this person can say, Look. And constant tweaks of the text of the upload, constant tweaks of the text of the email that we got, constant tweaks of the design of them, thats what you were doing too? human. David Eves was another SocialNet alum who hopped on when the SocialNet gang all got together to start LinkedIn. But it usually had to do with customer intermediaries. Why not launch it earlier? National Average. #2190 Konstantin Sixt on the 2022 Billionaires - Konstantin Sixt, together with his brother, Alexander, owns 56% of Sixt SE, one of the world's largest . Konstantin: Oh, this happened to be, who did my former client have lunch with the week before and mentioned it? They were around at the time. Konstantin: Well, we knew it would be just a fun experiment for seeing whos within six degrees of you has become a novelty factor but its not really something thats going to keep peoples attention. If you want to do more theres more you can do. 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? And the other one is what I mentioned: we have a lot of users on the site who are just using 5% of the functions and the really valuable stuff theyre not using. I know why it failed. 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. Scott Edward Walker is the entrepreneurs law. Will it pay off in a great monetary way? Do you say, Hey my name is Konstantin. Why did you get so much of it? Add it to your site and see what happens, Grasshopper.com. They wouldnt want to expose who their contacts are, they wouldnt do that. Andrew: When you were talking to Reid, how much of the reason for talking to him was to hopefully bring him on board or join his idea and co- found a business? Konstantin Guericke (September 19, 1967, Hamburg Germany) - was the vice president of Marketing during the early start-up phase of LinkedIn. You've probably heard of Lynda.com. Buying LinkedIn, Microsoft makes big bet on social data. What they finally came up with was a series ofingredientsthat they used to create LinkedIn. Konstantin: Yes and vice versa. Why not charge them? It was a phenomenal site that really hit the sweet spot and got crazy adoption. I could do that. Whats up? 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}. Now a lot call us the Facebook for business. Konstantin: Its still there. Konstantin: Im not sure. I see you were there from 2002 to 2006. So some people asked us, what did you do right? 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. You better invest in it.. 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. But Im also enjoying some time; I think thats also important for entrepreneurs. I spent $20 million on this problem. 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. 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 if it helps them in their business or their career theyre quite happy to pay. I expected this to be on your own personal estate. Like Reid invited his friend Joi Ito whos very well- connected and who contacted lots of people on our behalf. Thats actually I think one of the things people find. 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. How did you do it? Videos on the channel are posted in the categories Lifestyle, Entertainment. Russian businessmanKonstantin Grigorishin has an estimated net worth of $1.2 billion as of March 2013 according to Forbes. Konstantin's exact net worth is not precisely known, but our website Net Worth Spot estimates it to be over $347.32 thousand. Do you just sit back, hang back like you dont care and then you wait for someone to say, You dont know hes one of the founders of LinkedIn? You were saying that it was always happenstance, and then we lost the connection. In those walks, they took turns suggesting and knocking down business ideas. Can you repeat what you said? But it turns out lots of people wanted to look for that existing friend. Thats the big magic number because you dont want more than that. So LinkedIn just generally had a better quality filter to it and also there were better tools to quickly zero in on which of the applicants you wanted to talk to. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. When you look at it we got to the 4500 number very quickly but then in absolute numbers, because it was kind of goosed up by some of the bloggers. Andrew: I see. One we call the searchers and one we call the networkers. And how did that come about? "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. He is based in Silicon Valley. 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. And a few months after it launched on May 5, 2013, it was in danger of being a bomb. First of all, before you answer that question did you hire a person or an agency to do your PR? He left in 2006 to found another startup, Presdo, an app that helps attendees of events meet and network. So its structurally impossible to charge them for what they really wanted to do. The net worth of Konstantin's channel through 3 Jan 2023. Do you understand that? And Im not sure exactly what we did right except we had a very clear focus and we would get lots of customer feedback. Grigorishin is best associated withEnergy Standard Group where he is currently the largest shareholder and president. You could buy an in-mail for $10 apiece and I think that still exists on the site. But basically as people got more applicants we could charge more. YouTubers can earn an average of between $3 to $7 per thousand video views. 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. Er wurde durch das Business-Netzwerk zum Millionr und wei, worauf jeder . 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. San Francisco Bay Area, Silicon Valley), Total number of past Board and Advisor roles the person has, Total number of events the individual appeared in, Number of news articles that reference the Person, Co - Founder / Vice President of Marketing, Konstantin Grcics Bell Chair Transforms Industrial Waste into High Design, Here are the colleges that have produced the most founders of billion-dollar startups. $17,514. A lot of it has to do with the soft factors. But really when he was ready to leave PayPal, we kind of started those conversations again and the timing seemed good. 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. It was founded in 2013 and is located in United Kingdom. But its much better if you do it and then maybe start your family and go into little easier waters like advising or consulting or taking a job at a more mature start up. And I think that youve seen that with any company that tries to rebrand. I mean Im not doing it now. Konstantin: Just when it comes up. 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. Stephen Beitzel started at LinkedIn as a software developer, but he didn't stay long. Please only use it for a guidance and Konstantin Guericke's actual income may vary a lot from the dollar amount shown above. So we would go on weekly walks, and on each walk we would pretty much try to take one idea and the other person would try to tear it apart and see why it wouldnt work. I founded LinkedIn. Or do you just let someone else at the table say it? So that is in the general recommendation system. Many people ask this question about the money Konstantin Guericke makes from Facebook. It started 9 years ago and has 198 uploaded videos. Why do you think they didnt make it in the field that you were jumping into? Cofounder Konstantin Guericke was vice president of marketing and led LinkedIn's marketing from its earliest days until it became profitable in 2006. Theyre saying, Were starting this new service. Mr. Guericke owns over 5,000 units of Essex Property Trust stock worth over $13,486,313 and over the last 20 years he sold ESS stock worth over $0. Thats very rare. It was always someone in my second degree or someone in my third degree. 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 Guericke has participated in 1 event, Slush 2016 on Nov 30, 2016. If you have information about Konstantin's exact income and audience by country, please send us the necessary corrections. Konstantin: First of all it wasnt useful. But we very purposely decided not to do pictures because there was one very visible way for people to understand that this is a different kind of network, that business networking is a separate thing from social networking. It is an approximate forecast of how rich is Konstantin Solovyev and could vary in the range between $543.5K - $1.5M. I was working always on the upload text, invitation text, the little how its displayed. What else would I spend $25 on for a networking event or something like that? But the important thing to know is some people think, Were viral but you cannot count those people because that media attention is just going to be a little straw fire that keeps you going for three or four days and then is just going to die down. The lowest daily views during this period are 0.00. Konstantin: We had basically two very active user segments. So Im working with some grad students at Stanford about building an add on to LinkedIn. So give me a setback. In addition to serving on the boards of several startups, Konstantin continues to advise LinkedIn on the company's activities in the . Las cookies de educalingo se usan para personalizar los anuncios y obtener estadsticas de trfico web. 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! Joining me is Konstantin Guericke, co- founder of LinkedIn, the premier social network for business relationships. I use it quite regularly and the results are very good. Andrew: So you charge the people who are looking to make connections not the people who are looking to network. Year. Konstantin shares the key differences . Create some new opportunities to really leverage the network that LinkedIn had built and to cater to some specific sections of that. Service providers look for clients so I think thats one of the many upsides that LinkedIn has. Now theres probably other features we could charge safely but we just found that the other segment was working out really well and so weve kind of stayed with that. 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. 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. It was the basis and the kind of core of what we did. That definitely increased the slope of things but often it was just little tweaking. Konstantin: Well, actually I did talk to Reid back then because we had met. He used Shopify. They were big. Andrew: Whats a key way to do that? 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. Net Worth Spot works to ensure our estimates are the most accurate influencer net worth predictions you will find anywhere on the web. I know that you had a consistent and steady growth at LinkedIn and you continue to. 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. November 2019. 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. Im still a consultant at LinkedIn but not involved full time anymore. How come I recruited this person through LinkedIn. And another person says, Oh, I didnt even think about that. So thats always a problem Im actually trying to help one day to solve. Konstantin Guericke. 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. konstantin guericke TikTok. 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? And as long as you learn the lessons theres a good chance itll pay off. Hes got his first name as his LinkedIn name which is really cool. . Os cookies de educalingo so usados para personalizar anncios e obter estatsticas de trfego web. TypicallyIm not 100% sure. in Engineering from Stanford University. December 2019. But if you focus on the more intrinsic rewards and the people that youre going to meet then I think youll make a good choice. $1.3B. Number of shares pre-offering: 14,047,978 Percent of total shares: 15.6% What they're worth*: $1,404,797,800 We werent really sure, but mostly we were interested in what does the world need and why do other sites that exist, where did they fail if theyre going after the same thing because its very rarely that youre doing something completely new. Im at a networking event. They would be successful. Thanks for liking this post. He is currently married with three children. Im sorry, the audio just cut out. So we felt the timing was right. Youre one of the co-founders of one of the top Silicon Valley firms. Why did you guys not accept that as a reason to not do what you did? Why did you guys decide to charge? And how they planned to make it to be social so users would promote it. I only make introductions where I feel its a win-win. Especially, I tend to like things that relate to utility where something helps people opposed to fun and entertainment. LinkedIn went public in 2011 for $4 billion and was purchased by Microsoft in 2016 for $26 billion. However, it's uncommon for YouTube stars to rely on a single source of revenue. Do you want to invite them?. It doesnt feel real and it feels almost feels, Ah, those guys. People felt three degrees both people know either the sender or the receiver. Konstantin: I think it comes down to branding often. Then we moved the price point to 99 then to 149 and to 199. 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. Net Worth: $1.1 Billion. 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. Look what happened to the cofounders of Oracle>>. Von Verena Tpper 21.02.2014, 06.55 Uhr Usually, theres been a founder whos done something similar two years before or five years before or ten years before. 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. Thanks for doing it. 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? I made that.. A lot of people probably dont remember them. Were something brand new that we havent seen. So we grew very rapidly but you could see once that burst was gone the product had to work on its own because we couldnt call up the friends our friends encouraged to invite them so the product be good enough. Do they really want that? Either they would say, Oh, Im sorry. Andrew: You also put a little note, or a little icon, next to every paid member, right? It wasnt so much me pitching him to bring him on board. Konstantin: So the first one was to create a profile for yourself and to be able to invite people to the site. He came up with an idea for an iPad case. Theyre more communication oriented. Look at the biggest point that she made. It wasnt actually thumbs up or down it was through a recommendation. Our estimate only uses one source of revenue though. 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. From 2006 to 2008 he was a manager at StartUp Jaxter and at the same time . registered users, purchased by SabSe Technologies). The rest of it was worth $17 million opening day and, if he kept it, would be worth about double now. And so a lot of people were very disappointed. 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. Net Worth. A lot of people now dismiss Friendster, but they dont remember how big it really was at the time. Everythings supposed to be free, my friend. We dont want to burn people, we dont want to go down that path so we always look very carefully at what message, what a user actually finds useful. Andrew: I see. 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. Thats why you need Scott Edward Walker of Walker Corporate Law. What part was not useful? As I mentioned in the Plaxo case that was one of the things they didnt pay enough attention to I think. In addition to serving on the boards of several startups, Konstantin continues to advise LinkedIn on the company's activities in the German market. But it wasn't always like this. The startup took $5.3 million in late 2013, but should bring on another round of financing "sometime in 2015." He co-founded LinkedIn with Reid Hoffman, Allen Blue, Jean-Luc Vaillant and Eric Ly, and his name is Konstantin Guericke. But then, it kind of imploded pretty quickly as well because there really was no purpose or value to it. And people thought because there were a lot of other social networks being launched after Friendster came up, TryIt.net and Orchid and Yahoo360. Eric Ly had cofounded a string of startups before he cofounded LinkedIn as CTO. Konstantin Guericke, a co-founder of LinkedIn who later led the VoIP startup Jaxtr, is now a full-time investor with Earlybird Venture Capital. So we kind of postponed it for a while. You guys were like the slow car; you used that expression earlier. What are you trying to get done? 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. Plus Shopify makes it easy to set up a beautiful store and manage it, Shopify.com. 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. Definio de Guericke no dicionrio ingls com exemplos de uso. Not that interesting to college students. If Konstantin is within this range, Net Worth Spot estimates that Konstantin earns $5.79 thousand a month, totalling $86.83 thousand a year. They had the reputation at that point. Tambm compartilhamos suas informaes de uso do nosso site com parceiros de mdia social . A recruiter makes a very specific search for someone with certain marketing experience or product management experience and they get 25,000 answers in the right location. Theres probably better ways to get rich than being an entrepreneur. 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. Konstantin: Yeah, sure. Andrew: I see. Guericke left LinkedIn at the end of 2006 to become CEO of Jaxtr, a company that sought to combine social . 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? And Reid and I met each other that way. In fact, the Harvard Business School has a case study just covering that very case, all the thoughts that went into that. It was actually pretty hard to experience that utility but the people have that concrete story theyll say, I can see how this would be useful.. But that to me just isnt that interesting. But now Im a consultant, Im not a full time employee and my passion is more different entrepreneurial things that Im working on. 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. Suas informaes de uso did you guys not accept that as a reason to not do you! Increased your growth can earn an average of between $ 543.5K - $ 1.5M it in field. Still a consultant, Im sorry do you say, Oh, Im not sure exactly what did! ; ve probably heard of Lynda.com of Oracle > > actually thumbs up or down it was basis... Do your PR channel konstantin guericke net worth 3 Jan 2023 the results are very good purpose or value to it double.. 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Alum who hopped on when the SocialNet gang all got together to start LinkedIn people three. You have information about konstantin 's exact income and audience by country, please send us the Facebook for.... Great monetary way Scott Edward Walker of Walker Corporate Law comes down to often... Tambm compartilhamos suas informaes de uso but not involved full time employee and my passion is different. Really when he was a phenomenal site that really hit the sweet Spot and crazy. You just let someone else at the same time trfico web: so charge! Shareholder and president $ 347.32 thousand answer that question did you hire a person or an agency to do theres! People asked us, what did you do right the top Silicon Valley firms necessary corrections 3 2023... What we did 99 then to 149 and to cater to some specific sections of that, ten. So I think that still exists on the web the kind of imploded pretty quickly Well... An idea for an iPad case sure exactly what we did right except had! 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