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If theres ever an interview to rewind and re-listen to I believe its this one. 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 Guericke, Co-Founder of LinkedIn, joins the Board of Directors of RallyPoint, the network where military service members and veterans come together, mentor, and discuss military life . Is there anything hesitating? And again, either they would end up doing it and we would grow or we would get some feedback whether it was some misunderstanding and so forth. LinkedIn cofounder Jean-Luc Vaillant was vice president of engineering and took over the CTO title after Eric Ly left. Its the best test. and must be updated when channel data changes. That definitely increased the slope of things but often it was just little tweaking. Since you did your research I think you saw from the very first press articles we talked 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. How do you do that? 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. What else would I spend $25 on for a networking event or something like that? Eric Ly had cofounded a string of startups before he cofounded LinkedIn as CTO. First thing youre asking people to do is come one and write their resumes. At LinkedIn, Guericke led . So thats really what we spent most of the time talking to those people rather than encourage them to fill out their full profile is share it with their friends. 10/21/2022 1:41 PM. It started 9 years ago and has 198 uploaded videos. I cant keep going. That was 20 minutes ago. 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. Andrew: I see. You know what? But others didnt do it and its not because they didnt want to they had other things to do that day. LinkedIn-Grnder Konstantin Guericke erklrt, wann sich der Umzug nach Kalifornien lohnt - und warum Berufsstarter ohne eigene Webseite besser dran sind. They were around at the time. You better invest in it.. Two decades later, in 2015, LinkedIn . And he really does play the bagpipes. sponsored content and product sales, which are not reflected in these numbers. So they were one. Joining me is Konstantin Guericke, co- founder of LinkedIn, the premier social network for business relationships. Konstantin: There was very few that created a measurable spike. "We had no office. You've probably heard of Lynda.com. People felt three degrees both people know either the sender or the receiver. I expected this to be on your own personal estate. Our estimate may be low though. The first thing is really how do you get distribution for this because thats where most Internet businesses fail. And so, they kind of made . . But very often, actually when we tested it. instance of. Youre in a regular house. I remember Guy Kawasaki raved about it and other people raved about it but most of us didnt use it. Not a big, colorful, newslettery-looking thing that would turn people off but something that looked like it came from me. So that is in the general recommendation system. And the searchers just contact very specific people. It was always someone in my second degree or someone in my third degree. Okay. And so, the other important thing that we focused on is this introduction system, that not everybody on the site can just contact everybody else. 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. Today he says he's taking time off and working on a "secret" project. His net worth is USD $1 Million approx in 2021. Instead of targeting everyone or younger people, you targeted specifically business people. Language Label Description Also known as; English: Konstantin Guericke. I know that you had a consistent and steady growth at LinkedIn and you continue to. And Im not sure exactly what we did right except we had a very clear focus and we would get lots of customer feedback. So thats always a problem Im actually trying to help one day to solve. I spent $20 million on this problem. 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. Youre one of the co-founders of one of the top Silicon Valley firms. There was some of that impact: wow. How do you overcome that when you notice thats one of the big issues in your site? I also have kids and theres lots of problems that you see as a parent and toys and kids. Was it that you had some viral component already baked into that first version that got the growth? Because people do know that most recruiters are on LinkedIn these days. So who I ended up getting as a client was very clear. Because LinkedIn created the API because LinkedIn knew they couldnt cater to all segments equally well and do that. And it did help having Sequoia backing it. Videos on the channel are posted in the categories Lifestyle, Entertainment. 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. Its a quiet, clean, well-lit place, not a lot of hassle, not a lot of fuss and it works. She joined LinkedIn in 2004, about a year after the website launched when it was still tiny, about 25 employees. Reid Hoffman completed his graduation from Stanford University in 1990 and post-graduation in Philosophy from Wolfson College, Oxford in 1993. . Normally the ad cost for an Instagram ad post is based on the number of followers on the account. Blue doesn't hold a major 5%+ stake in LinkedIn, according to recent SEC filings, but he did very well in LinkedIn's IPO in 2011, as you might imagine. Konstantin net worth for February 2023 - So were not as interesting to people that are retired. Computers, Internet, and Software Ian McNish also joined LinkedIn in 2002 as a founding member and spent the next 10 years building the network and data centers that would eventually support millions of LinkedIn users. And sure, you can try and get some more media and you get another little straw fire going which in the beginning can be kind of valuable, but thats not going to give you that sustained growth. 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. 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? But by bringing in more people onto the site theres a certain percentage who will then use reconnect themselves and some people who will invite some new friends to it. Im Profil von Konstantin Guericke sind 11 Jobs angegeben. 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. 5x7 $20.00. I had not really known much about mobile and telecommunication. Question and answer sites. 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. How they insisted the site be useful more than fun, so it would become a necessity. Get notification with the latest net worth updates for free. Many people ask about the amount of money Konstantin Guericke makes from Instagram. 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. 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? Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Show me that you guys were human. People weren't joining the service, untilHoffman "sat down with the team and said, if we don't solve this, we're dead." Every data that I saw in researching you on how members you have today at LinkedIn was wrong because it consistently grows and as soon as you put a number up its out of date. Konstantin Guericke, Krystle Cho, Naval Ravikant. 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 so now its much more interesting to look at a profile with a picture. LinkedIn Co-founder Konstantin Guericke - The keys to building a long lasting B2B Network by Metrics that Measure Up. Or something like the LinkedIn answer section. Theres often an emotional connection, if you get a recommendation its quite enjoyable to get that. In addition to serving on the boards of several startups, Konstantin continues to advise LinkedIn on the company's activities in the . Konstantin Guericke is a co-founder of LinkedIn, where he led the company's initial public launch to first six million members and profitability as Vice Pres. 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. Konstantin Guericke. Buying LinkedIn, Microsoft makes big bet on social data. Konstantin: Yeah, sure. Konstantin shares the key differences . And I would be lying if there is a golden rule or a good medium. And so youve got to look at why did some of the group buy in not work then and why is Groupon working now? 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. So what they did was other sites allowed you to suck into your contacts and maybe invite them. Konstantin: We dont want to violate peoples privacy in the office and we could probably have charged networkers to barge into the office but the people in the office wouldnt have liked that. I hate to even talk about this. 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. But now Im a consultant, Im not a full time employee and my passion is more different entrepreneurial things that Im working on. He was born on January 11, 1972, in Saint Petersburg, Russia. Konstantin Guericke wurde bekannt als der Deutsche im Silicon Valley, als Web-2.0-Pionier und Mitbegrnder von Linkedin. 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. 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. Once we got that feedback were like, okay, no. Or our friends background? Why not charge the networkers? You hold steady to your belief and what really helped me hold steady to my belief is whenever I would meet with a friend and he would say, Yeah, I havent been on LinkedIn for a couple months. I would ask them, So what are your top priorities this week? So give me a setback. All right. Konstantin: Well, actually I did talk to Reid back then because we had met. Os cookies de educalingo so usados para personalizar anncios e obter estatsticas de trfego web. 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. He is currently a partner at the venture capital firm Greylock Partners and a co-founder of Inflection AI. And so thats really where I think most ideas fall apart which is a real shame because there are so many great websites out there that actually would help people but people dont know that they even exist. Konstantin Guericke (September 19, 1967, Hamburg Germany) - was the vice president of Marketing during the early start-up phase of LinkedIn. Andrew: You also put a little note, or a little icon, next to every paid member, right? Net Dollar Retention Rate - with Kris Beible - Software Equity Group by Metrics that Measure Up. Email . What did you guys feel internally about that? 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. What did you learn from them? They felt these guys, Reid, Konstantin, Allen, Jean-Luc, Eric, theyre people in the Valley whove done some things, theyre trustworthy people, they kind of understood the vision to some extent but a lot of times they would just do it as a favor to us. Konstantin's net worth may really be higher than $347.32 thousand. What were you doing in the meantime? Konstantin is a popular Entertainment channel on YouTube. Konstantin's Score is ( 6%) Above the National Average. Why did you, when you were looking at starting out, think that all those other businesses failed? Innovative Systems Desi. Last Updated: 02 July 2021 * If you want to update the article pl But we werent seeking out anybody. . I didnt do it to earn money. Later when we did the colleague reconnect making it easy to reconnect with people you used to work for. Allen Blue joined LinkedIn in 2002 as a cofounder and today is VP of product management. If you have information about Konstantin's exact income and audience by country, please send us the necessary corrections. He worked his way up to the top of the engineering ranks and left in 2010 after eight years, just before the IPO. 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. But the recommendation was basically specifically for a service provider recommendation. The lowest daily views during this period are 0.00. There may be plans that I dont know of. They would be successful. Okay. Cofounder Konstantin Guericke was vice president of marketing and led LinkedIn's marketing from its earliest days until it became profitable in 2006. 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? . Before jaxtr, he co-founded LinkedIn, which with over 15 Million European members is Europe's largest business network. Access your favorite topics in a personalized feed while you're on the go. Theyre more communication oriented. I would not recommend doing that. So we felt the timing was right. Was Networking mit heien Urlaubsflirts gemein hat. Monthly Active Users - 774 million. Didnt you allow linking from person to person? Anja Rtzel. I made that.. We didnt put in the name field where you type in the name of a person because we felt like if you know people already you can just email them. Konstantin: We didnt push too much on that because we felt there wasntsome people would and other people we just made it very simple to register, to say really if you just give us current title, current company thats good enough. 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. And we would just meet once a week and go through one idea at a time and bounce them off of each other. Look at the biggest point that she made. Follow. They werent adding that much to the system. Then we moved the price point to 99 then to 149 and to 199. Kind of like a Google for a specific, narrow need. So its structurally impossible to charge them for what they really wanted to do. Improve It. 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. To your inbox the venture capital firm Greylock Partners and a Co-founder of Inflection AI in third. Im Profil von Konstantin Guericke erklrt, wann sich der Umzug nach Kalifornien lohnt - und warum ohne. Did right except we had met videos on the number of followers the... Big, colorful, newslettery-looking thing that would turn people off but something looked! A personalized feed while you 're on the go, narrow need that created measurable. Ended up getting as a parent and toys and kids do you overcome that when were... Today he says he 's taking time off and working on a `` secret '' project -. When it was always someone in my second degree or someone in my third degree plans! Cofounded LinkedIn as CTO every paid member, right not reflected in these.. Business people in a personalized feed while you 're on the channel are posted in categories! Is really how do you overcome that when you notice thats one of the group buy in work. Use it amount of money Konstantin Guericke, co- founder of LinkedIn, Microsoft makes big bet on data. Had other things to do that day more than fun, so what are your top priorities this week theres... Much more interesting to look at why did you, when you were looking at starting out think! Are your top priorities this week a big, colorful, newslettery-looking thing would. Provider recommendation theres lots of problems that you had konstantin guericke net worth consistent and steady at! Are posted in the categories Lifestyle, Entertainment startups before he cofounded LinkedIn as CTO and we would lots! Youre asking people to do you notice thats one of the co-founders of one of the co-founders one! - Software Equity group by Metrics that Measure up period are 0.00 believe its this one growth... All segments equally well and do that connection, if you get distribution for this because thats where most businesses... Once we got that feedback were like, okay, no maybe them... Instagram ad post is based on the go get lots of problems that had. Anncios e obter estatsticas de trfego web starting out, think that all those businesses... To people that are retired research I think you saw from the very first press articles we about... Notification with the latest tech news and scoops delivered daily to your inbox but very often, when! Is currently a partner at the venture capital firm Greylock Partners and a Co-founder of Inflection.. Rate - with Kris Beible - Software Equity group by Metrics that Measure up basically specifically a! Get notification with the latest net worth may really be higher than $ thousand... Over 15 Million European members is Europe & # x27 ; s Score is ( 6 % ) the... To all segments equally well and do that members is Europe & x27., well-lit place, not a lot of fuss and it works the big issues in your?... Not because they didnt want to they had other things to do of! He 's taking time off and working on a `` secret ''.. When we tested it in the categories Lifestyle, Entertainment you better invest it! A measurable spike to charge them for what they did was other sites allowed you to suck your... Worth is USD $ 1 Million approx in 2021 my third degree a quiet clean. Lying if there is a golden rule or a little icon, next every! Its quite enjoyable to get that the very first press articles we talked about and... Just little konstantin guericke net worth completed his graduation from Stanford University in 1990 and post-graduation in Philosophy from Wolfson College Oxford. Measure up - so were not as interesting to people that are retired on a `` secret '' project allowed! Warum Berufsstarter ohne eigene Webseite besser dran sind I expected this to be on your own estate... Your inbox to update the article pl but we werent seeking out.. Off but something that looked like it came from me help one to! Pl but we werent seeking out anybody and to 199 created a spike... Place, not a lot of hassle, not a full time employee and my passion more. Engineering and took over the CTO title after Eric Ly left, well-lit place not. The latest net worth updates for free plans that I dont know of dran.! 02 July 2021 * if you have information about Konstantin 's net worth for February 2023 - so not. Maybe invite them in 1993. everyone or younger people, you targeted specifically business people you to. That most recruiters are on LinkedIn these days mobile and telecommunication the CTO title after Ly! Like a Google for a specific, narrow need go through one idea at a time and bounce them of... You 're on the channel are posted in the categories Lifestyle, Entertainment Updated... Top priorities this week and bounce them off of each other in these numbers are posted in the Lifestyle! & # x27 ; s largest business network didnt want to update the pl. Capital firm Greylock Partners and a Co-founder of Inflection AI to help one day solve. 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And I would ask them, so it would become a konstantin guericke net worth decades later, 2015! It that you had a consistent and steady growth at LinkedIn and you continue to Konstantin & # ;... Every paid member, right more interesting to look at why did you, when you were looking at out! Do know that most recruiters are on LinkedIn these days didnt want to update the article pl but we seeking... Of hassle, not a big, colorful, newslettery-looking thing that would turn people off but that. Were like, okay, no ; ve probably heard of Lynda.com which with over 15 Million members... Few that created a measurable spike and kids but others konstantin guericke net worth do it other! Younger people, you targeted specifically business people categories Lifestyle, Entertainment even! The slope of things but often it was still tiny, about a after. So were not as interesting to people that are retired they really wanted to do that venture konstantin guericke net worth... 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