Yuri Milner: "stick with the founders as long as they’re pushing the envelope"(thenextweb.com)
thenextweb.com
Yuri Milner: "stick with the founders as long as they’re pushing the envelope"
http://thenextweb.com/insider/2012/01/28/yuri-milners-strategy-stick-with-the-founders-as-long-as-theyre-pushing-the-envelope/
9 comments
Another thread today references Barnes and Noble versus Amazon.
http://www.nytimes.com/2012/01/29/business/barnes-noble-taki...
If Amazon really has 100+ times the market cap as Barnes and Noble, perhaps it's another reason to think Yuri is right!
http://www.nytimes.com/2012/01/29/business/barnes-noble-taki...
If Amazon really has 100+ times the market cap as Barnes and Noble, perhaps it's another reason to think Yuri is right!
I'm more interested in seeing what Mr. Milner will do with Zynga than any of his other investments, especially since ZNGA just closed higher than it's IPO for the first time the other day. As an outsider and a game enthusiast, I'd argue they haven't been pushing the envelope in quite some time (if at all)-- and yet he's still backing them. That to me is interesting, and has me wondering what they have in their pipeline.
Minor quibble: Zynga isn't a game company. They're a social engineering company. They employ people to discover the best ways to get "players" to transfer their money to Zynga. All other priorities are secondary.
Sorry; this is a tangent. I'll blog about it or something.
As a game developer, I don't want my goal (to make fun games) to be confused with Zynga's agenda (to extract money).
Sorry; this is a tangent. I'll blog about it or something.
As a game developer, I don't want my goal (to make fun games) to be confused with Zynga's agenda (to extract money).
I wonder if we should take Milner's statement with a grain of salt. A reporter asked him, essentially, if he is planning on dumping his Facebook shares as soon as they IPO. There's no way his answer was going to be yes. He has to say no, and give some reason why not, no matter what his actual plans are.
Push the envelope:
a. Get rich quick in Soviet Russia doing shady businesses
b. "Reinvest" the money in the US
c. Make even more profit.
Gaming both systems: Soviet and US and profit from both like a boss == priceless.
Gaming both systems: Soviet and US and profit from both like a boss == priceless.
What shady businesses was Yury involved in back in Russia? Always wondered.
An excellent example of corporate-speak turning bog-standard advice into something worthy of revelation.
In Soviet Russia envelope eat you
I can think of a dozen reasons why he's wrong, but I'd have said the same about several of his investments, and he's the one who has been right so far.