Yuri Milner Quotes


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.


Citations

Noer, Michael. "Yuri Milner: The Russian Billionaire Riding Facebook to Tech Dominance." Forbes, Forbes Magazine, 24 Feb. 2011.

Related Quotes

A startlingly bad prediction by a Nobel-prize winning economist particularly given it was stated in 1998 rather than a much earlier date when the potential of the Internet wasn’t already apparent. Ironically, the quote is from a Red Herring article he wrote titled “Why Most Economists’ Predictions Are Wrong” in which he asserts that most economists predictions are wrong because they overestimate the impact of future technologies. This quote is part of a longer, equally incorrect quote: “The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law' becomes apparent: most people have nothing to say to each other! By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.” See related quotes.


Yuri Milner
Yuri Milner
  • Born: November 11, 1961
  • Nationality: Israeli, Russian
  • Profession: Businessman: Venture Capitalist, Founder Digital Sky Technologies DST Global

Yuri Borisovich (Bentsionovich) Milner is a Russian-Israeli entrepreneur, venture capitalist and physicist. Milner is Russia's most influential information technology (tech) investor. He is a cofounder and former chairperson of Internet company Mail.Ru Group (former name Digital Sky Technologies (DST)) and a founder of investment firm DST Global. Through DST Global, Milner is an investor in Byju’s, VKontakte, Facebook, Zynga, Stripe, Twitter, Flipkart, Practo, Spotify, Zocdoc, Groupon, JD.com, Xiaomi, OlaCabs, Alibaba, Airbnb, WhatsApp, Nubank, Wish, and many others.