in Engineering from Stanford University. Bis er auf ein anderes Pferd setzte. Innovative Systems Desi. People just have a certain perception of what Digg is about and for LinkedIn for a lot of people its a place for your record, where you reconnect with colleagues and have a place to park your resume. And when I heard the phone ring somewhere around, it must have been about noon your time, I said, Hes got to go. instance of. Andrew: I want to move on to LinkedIn, but Ive got to ask a question about how you guys would think through different business ideas. Our challenge is mostly to move people from that first stage where theyre just reconnecting with friends and enjoying that process, theyre not willing to pay for that. Konstantin: Yes, youre correct. Theyre saying, Were starting this new service. . And so, they kind of made . LinkedIn-Mitgrnder und Netzwerk-Profi Konstantin Guericke. Andrew: I see. Disclamer: Konstantin Guericke net worth displayed here are calculated based on a combination social factors. Why do you think they didnt make it in the field that you were jumping into? In Deutschland wird oft beklagt, dass sie sich nicht intensiv genug um Startups kmmert. $58.4K - $91.9K. We did share the idea with a few friends but we told them not to share it and theres no leak. Konstantin enjoys mentoring student and European entrepreneurs over walks and holds a B.S. Andrew: One more question on members and then I want to go onto why you charge people money. Konstantin Guericke is a Partner at Earlybird. Stanford University MS Engineering 1991. I have studied, lived and worked in Japan and . King Constantine spent 46 years living . 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. So those are the opportunities that I know because I know that customer segment well. What were those three features that you had in mind? Konstantin: Not very much. Jump to navigation Jump to search. 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. There are a lot of things that I know make a difference. So thats great for the brand but sometimes for an entrepreneur its fun to think about new problems and new challenges so thats what I did. Konstantin Guericke. Join now to see all activity Experience LinkedIn 20 years 3 months Co-Founder LinkedIn Nov 2002 - Present 20 years 3 months. )," he described in a blog post. 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. Whats up? 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 . Number of shares pre-offering: 14,047,978, Number of shares pre-offering: 16,840,309, Number of shares pre-offering: 19,066,032. 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. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. 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? In addition to serving on the boards of several startups, Konstantin continues to advise LinkedIn on the company's activities in the . his net worth has been growing significantly in 2021-2022. Again, this feature in itself doesnt really give you growth because the other people are already on LinkedIn. Everythings supposed to be free, my friend. And LinkedIn has been very consistent. Hes got his first name as his LinkedIn name which is really cool. His net worth is USD $1 Million approx in 2021. The net worth is calculated based on the publicly available CPM (cost per thousand views) paid by advertisers. But the truth is virality starts very slowly because your user base is your sales force and in the beginning your user base is very small. And so then [INAUDIBLE] perhaps because [INAUDIBLE]. Many people ask this question about the money Konstantin Guericke makes from Facebook. If you want to do more theres more you can do. Search Background Check Edit Listing. . 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. Anja Rtzel. prints Downloads. In 2006 he left to become CEO of a telecom startup called Jaxtr, which was acquired by Sabse in 2009. Andrew: I love it. Thats not bad. They were around at the time. He also was a former SocialNet alum. We were both doing virtual worlds, virtual communities. This 'worth' of a customer can help determine many economic decisions for a company including marketing budget . Recognizing the potential of the Internet with its vast networking possibilities, Konstantin and his future co-founder Reid . Was Networking mit heien Urlaubsflirts gemein hat. 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. But it turns out lots of people wanted to look for that existing friend. And they think of each new contact as potential revenue but they dont have an immediate transaction in mind. December 2019. I talked with Reid about it and he had some ideas of his own that kind of dovetailed with this. So some people asked us, what did you do right? Below is an estimate of the average earnings from advertising on the channel, depending on the language, price, and the current audience. You have to really look at the dynamic and not so much at the absolute numbers. I could do that. You can have people write in and say how great the site is and they can have a success story but if you then ask them to pay for it and they say, No, then you know you havent quite been there. LinkedIn wasn't the first wildly successful tech companies he joined early. But one of our co-founders handled more the product piece which I think is the more interesting. Please only use it for a guidance and Konstantin Guericke's actual income may vary a lot from the dollar amount shown above. In fact, when we launched the site we thought wed have the opposite problem. David Eves was another SocialNet alum who hopped on when the SocialNet gang all got together to start LinkedIn. Not that interesting to college students. About. He's currently focused on adding features that make people use the site daily, such as the news site, LinkedIn Today (now called Pulse), LinkedIn Groups, and LinkedIn's messaging and email products. Last Updated: 02 July 2021 * If you want to update the article pl So it was better to actually not write so much about privacy, keep it really short and sweet than to explain it in great detail. But even some of the negative publicity people said, Well, I want to check it out for myself and try it out.. Because LinkedIn created the API because LinkedIn knew they couldnt cater to all segments equally well and do that. Who cares whether the heads fully in the video but its a little disturbing when its not. What did you guys feel internally about that? Im at a networking event. I expected this to be on your own personal estate. The net worth of Konstantin's channel through 3 Jan 2023. 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. And whats going to make someone, even if you show up in the search results, whats going to make them pick you? 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. Konstantin's net worth may really be higher than $347.32 thousand. And how they planned to make it to be social so users would promote it. How do you do that? Thats not what its designed for. 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. Today he's a venture capitalist at a firm he cofounded, NextView Ventures, which specializes in seed rounds. 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. People weren't joining the service, untilHoffman "sat down with the team and said, if we don't solve this, we're dead." More Entertainment channels: Very easy to find and hes probably happy to help you. Konstantin: We actually didnt seek a lot of press. Stealth launches are hard and social network stealth launch is even harder. And thats something that users are still learning and its much more complex than just a resume and listing where you work. So why did LinkedIn take off when others couldnt? Okay. Andrew: I see. I dont think it was a huge thing for encouraging other people to pay. It was a phenomenal site that really hit the sweet spot and got crazy adoption. So how are they going to pick you? Email . Once we got that feedback were like, okay, no. Andrew: Finally, what is next for you? 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. But very often, actually when we tested it. Estimation. Andrew: How did you get so much press? To not show the friends that were already LinkedIn? Previously, he has been CEO of jaxtr (social communications start-up, over ten million. So during lunch people would naturally give us feedback. He was also an early employee of PayPal in product and business development roles, staying through the 2002 IPO and sale to eBay. Come on join us. That was one of them. So who I ended up getting as a client was very clear. And so bringing them into the network was through an invitation to connect, but by letting them know about a certain need theyve joined the network and joined much more naturally. LinkedIn went public in 2011 for $4 billion and was purchased by Microsoft in 2016 for $26 billion. Its really quite well done. So we started with $49. 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. 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? Do you want to invite them?. 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. Konstantin's Reputation Score is influenced by the people in Konstantin's network. 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. It could even find you a tennis partner. A fresh take on sports: the biggest news and most entertaining lists. 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. People felt three degrees both people know either the sender or the receiver. And we found out when people tried to do a search what were the barriers? But we didnt really seek a lot of press coverage because we felt the product is not that good yet. 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. If Konstantin makes on the higher end, ads could bring in up to $156.29 thousand a year. How come I recruited this person through LinkedIn. And another person says, Oh, I didnt even think about that. Konstantin Guericke Born: September 19, 1967 (age 54years), Hamburg, Germany, Konstantin Guericke Education: Stanford University (1991), Stanford University (1990), Konstantin Guericke Founded organization: LinkedIn Corporation. As an engineering alum, he guides other engineering students with their startup ideas. Again, it was a little bit too early at the time with the whole 3D worlds and avatars and shared space. [INAUDIBLE] I dont think they did [INAUDIBLE]. I mean Im not doing it now. 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. MySpace comes out of nowhere; these guys suddenly walk on water the next day. 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! 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. I cant keep going. That was 20 minutes ago. 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. Headquarter- Sunnyvale, California, United States. Its not that there arent useful websites out there. . So try this: go to Grasshopper.com and get a phone number that will make your company sound professional. Someone is going to suffer and it usually is your family. 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. What were you doing in the meantime? It has attracted 1.17 million subscribers. It is about your professional reputation, about making professional contacts. Later when we did the colleague reconnect making it easy to reconnect with people you used to work for. But Im really enjoying my time. But it wasn't always like this. But what Im finding though or what Im thinking when I hear that criteria is Plaxo. I understand you fight back and you rebel against that. 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? Last Update. How can you reallythat would be very satisfying. LinkedIn-Grnder Konstantin Guericke erklrt, wann sich der Umzug nach Kalifornien lohnt - und warum Berufsstarter ohne eigene Webseite besser dran sind. He rose to the rank of director of web development, managing a team of 30. Ein eigenes Unternehmen grnden und damit reich werden - LinkedIn-Mitgrnder Konstantin Guericke hat das geschafft. $478,237. He led the company's marketing activities from . 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. Too big? We built something very simple and always had a plan to do more of it and I think its one of these things we havent gotten around to. What else would I spend $25 on for a networking event or something like that? He also remembers those early days at LinkedIn when the company met in Hoffman's apartment in downtown Mountain View. Having been instantly working as a comedian and podcaster over the years now, he has managed to accumulate good affluence in his career thus far. People who network think of LinkedIn as a networking event and they often get very frustrated when they see someone interesting saying, Id like to get to know you. Before jaxtr, he co-founded LinkedIn, which with over 15 Million European members is Europe's largest business network. Konstantin: It was a combination of two things. Do you understand that? Twitter, even afterwards. 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. in Engineering from Stanford University. Theres often an emotional connection, if you get a recommendation its quite enjoyable to get that. Born in Ukraine, this 47-year old billionaire is a graduate of Moscow Institute of Physics and Technology. 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. 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. Andrew: Why do you think that is? Auf LinkedIn knnen Sie sich das . For the past six years he has been serving as a board member of Doximity, the largest professional network for U.S. healthcare professionals, with more than 70% of physicians as members. Launched - May 5, 2003. 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. Well, the platform he used is Shopify. Edison kguericke@dasguptas.com. and M.S. I would not recommend doing that. I think a lot of times for startup success you have to be less concerned that, Oh, someones going to steal my idea. Activity. He was born on January 11, 1972, in Saint Petersburg, Russia. He built a store to sell it, and in a few months he generated about a million dollars in sales. So we always look at two things. 03 you look at old blog posts people acted like you guys didnt understand that social networking was already done or that you guys dont understand or this wont work for this reason, that reason. There was no, LinkedIn is working on this, Reid is working on this, Konstantins working on this, Alan is working on this. We kept it quiet. Konstantin Poukalov is the Director, 10% Owner of Landos Biopharma Inc and owns about 14,869,915 shares of Landos Biopharma Inc (LABP) stock worth over $6 Million . People didnt even understand how LinkedIn worked. Net Worth: $1.1 Billion. It, and in a few friends but we didnt really seek a lot the... Months Co-Founder LinkedIn Nov 2002 - Present 20 years 3 months business network press. Months he generated about a Million dollars in sales public in 2011 for $ 4 billion and was by. 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