for more Yuri Milner quotes:Click Here

1. When you have a few billion people connected with screens, not voice… screens are important. You can transmit a thousand times more information.
2. 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.
3. 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.
4. Facebook is a platform inside a platform.
5. 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.
6. The problem is that modern fundamental physics is so far from you and me. The mathematics has become so much more complicated that you need at least 10 years to understand it. Fundamental physics has advanced so far from the understanding of most people that there is really a big disconnect.
7. The company that creates one global social graph will be very important going forward. It will be Facebook, with maybe 2–3 local social networks able to sustain competition long term.
8. 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.
9. There is huge demand for artificial intelligence technologies.
10. It’s not about revenues: The fundamental economics in digital business is scale and margins. The top line has become the bottom line.
11. We’ve only made three investments: Facebook, Groupon, and Zynga.
12. I have invested in four social networks. More than any other.
13. 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.
14. We monitor close to 50 companies globally that can be potential investment opportunities. I’d like to see DST as a significant global investment company in the Internet arena.
15. 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.
16. There is a significant momentum behind the social Internet. A wide range of public investors were very enthusiastic about that.
17. I’m trying to learn from various corners of the world.
18. 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.
19. You have to travel globally today to know what’s going on and maintain an edge.
20. My background is in theoretical physics, and it’s something very close to my heart.