Yuri Milner Quotes
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Facebook can be an accumulation of different intelligences.
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Science is one of a handful of things that defines us as a very special species. It is amazing how far we have been able to get and how accurate our predictions are. I think understanding how the universe was born is very important. It really gives us a perspective on many things.
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I think there's a time to be private and a time to be public, and I think that companies like Facebook and Groupon are basically transformational companies. You don't come across them very often, and I'm pretty sure that they can continue to grow for a long time even being public.
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There is a significant momentum behind the social Internet. A wide range of public investors were very enthusiastic about that.
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Kai-Fu's Innovation Works is the top very-early-stage fund in China. We are proud to be an investor, and hope that IW will help to produce in China companies on the scale of Facebook, Zynga, or Groupon.
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Story was that human civilization started to develop with first social network. Emerged where population concentration was high. Helped propel to where we are now. Facebook is next step of creating a huge human brain to embrace hundreds of million, possibly billions of people.
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Facebook can be an accumulation of different intelligences. Ask a question, translated into many languages and somebody, somewhere in the world, will have an answer.
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Social is a better way to interact with digital world. It is better than search. Implications for... everything. Total change.
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Facebook now is mostly about people you know. In the future it could be about people you know less but are more important.
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It's not how much something's worth today, it's what it's worth in five or 10 years.
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Google never knew how successful key words would be.
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I am not an oligarch. I am a servant and I try to align my interests and those of my investors.
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We've only made three investments: Facebook, Groupon, and Zynga.
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Big Internet companies on average are capable of generating revenue of $1 million per employee, and that compares to 10 to 20 percent of that which is normally generated by traditional offline businesses of comparable size.
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I have this ratio that if you divide age of entrepreneur by market cap of company. For Facebook it's one. Every year of his life Zuckerberg has been making $1 billion for investors.
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It's not about revenues: The fundamental economics in digital business is scale and margins. The top line has become the bottom line.
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Facebook didn't know how successful Zynga would be.
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Google never knew how successful key words would be. Facebook didn't know how successful Zynga would be.
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I have invested in four social networks. More than any other. But that's in Russia and Poland.
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Russia is one of the places where significant presence of social networks are driven by domestic players right now.
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When you have a few billion people connected with screens, not voice... screens are important. You can transmit a thousand times more information.
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There is huge demand for artificial intelligence technologies.
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I'm just focused on exploring new opportunities.
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It is hard to think of practical applications of the black hole. Because practical applications are so remote, many people assume we should not be interested. But this quest to understand the world is what defines us as human beings.