A Quote by Yuri Milner
Facebook didn't know how successful Zynga would be.
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Google never knew how successful key words would be. Facebook didn't know how successful Zynga would be.
Companies with aspirations to be larger publishers - Kabam, Kixeye, even Zynga - are moving aggressively off the Facebook platform to mobile and the open Web. Publishers aren't convinced that the costs of being on Facebook are worth it.
We've only made three investments: Facebook, Groupon, and Zynga.
People don't want to leave Facebook to play games - Zynga's phenomenal success is proof of that.
Social networks do best when they tap into one of the seven deadly sins. Facebook is ego. Zynga is sloth. LinkedIn is greed.
Facebook I would've liked, but I made a huge mistake, and I made it a public page, and it didn't work out for me. I just put my name on it, and I didn't know how Facebook worked.
There's going to be a Google or a Facebook or a Zynga every three to five years. Those are really big ideas that do return substantial amounts of money.
Wildly successful sites such as Flickr, Twitter and Facebook offer genuinely portable social experiences, on and off the desktop. You don't even have to go to Facebook or Twitter to experience Facebook and Twitter content or to share third-party web content with your Twitter and Facebook friends.
There is something wrong with our system when I can leave here and make billions of dollars in 10 years while millions of students can't even afford to pay off their loans, let alone start a business. We all know you don't get successful just by having a good idea or working hard. You get successful by being lucky too. If I had to support my family growing up, instead of having the time to learn how to code. If I didn't know that I was gonna be fine if Facebook didn't work out, then I wouldn't be standing up here today. And if we're honest, we all know how much luck we've had.
I think one thing that may have happened with both Facebook and Zynga is that they may have waited too long to go public. They got particularly cute on that front.
The big success stories - Facebook, Zynga and Twitter - are leading to investing in ideas on a napkin, because no one wants to miss out on the next big thing.
One of the reasons why we were so successful in integrating with Facebook was because we saw people using Facebook to promote their event and link back to Eventbrite before Facebook Connect and before the event's API was even available.
I really have to thank Facebook ... I didn't know what Facebook was, and now that I do know what it is, I have to say, it sounds like a huge waste of time. I would never say the people on it are losers, but that's only because I'm polite. People say 'But Betty, Facebook is a great way to connect with old friends.' Well at my age, if I wanna connect with old friends, I need a Ouija Board. Needless to say, we didn't have Facebook when I was growing up. We had phonebook, but you wouldn't waste an afternoon with it.
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.
The invention that most people know me for is the Super Soaker water gun. I knew the gun worked well, and I knew it would be successful. I did not realize how successful it would be.
I know that Instagram belongs to Facebook, so I cannot really stand on a political pedestal and say, "I'm against Facebook!" But I haven't wanted to be on Facebook from the beginning.
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