Digital Sky Technologies CEO Yuri Milner is a big investor in the hottest Internet companies of the day, but the Russian businessman isn’t keen on the idea he’s an “oligarch.”
Instead, Milner prefers to think of himself in the services business, bringing his knowledge of East and West to his investments in Facebook, Zynga and Groupon.
“I’m a servant,” he said in a wide-ranging interview with AdweekMedia editorial director Michael Wolff at the Monaco Media Forum today. “I’m trying to align our interests with them.”
DST became the talk of Silicon Valley when it invested $200 million in Facebook in 2009.
It is reportedly interested in a big new round of funding for Twitter.
DST’s Russian business, Mail.ru, went public on the London Stock Exchange this week.
The positive reception for the collection of e-mailing, social networking and gaming properties can be seen as a barometer to the reception Facebook would get if it decides to go public.
“There is a significant momentum behind the social Internet, a wide range of public investors were very enthusiastic about that,” he said.
Milner, a theoretical physicist by training, believes large-scale connectivity is giving rise to the “era of mathematicians,” in which algorithms can tap into huge pools of social data to inform people of everything from new friends to new products. Every 12-18 months, people double the amount of information they share, further improving the ability of a social platform like Facebook to deploy artificial intelligence, he said.
“There’s a huge demand for that sort of intelligence just because of this unprecedented sharing,” Milner said.
Milner was mum on a possible Facebook IPO, saying the company’s executives will decide when and if that’s a right move. He anticipates Facebook will further diversify its business model to complement its advertising business with more direct payments from users, which is more popular with Chinese social networks.
“I’m trying to learn from various corners of the world,” Milner said. He noted a Chinese entrepreneur recently jokingly told him, “We can talk as communist to communist.”
The invitation-only Monaco Media Forum, which continues through Nov. 12, gathers approximately 300 global leaders in traditional and new media for discussions about the future of online, broadcast and print
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