I must analyze, from what I do now, what will be the impact two or three or five years in the future. What is the statement I want to make?

It’s not about revenues: the fundamental economics in digital business is scale and margins. The top line has become the bottom line.

I'm trying to learn from various corners of the world.

I must analyze, from what I do now, what will be the impact two or three or five years in the future. What is the statement I want to make?

There is a significant momentum behind the social Internet. A wide range of public investors were very enthusiastic about that.

I have invested in four social networks. More than any other. But that's in Russia and Poland.

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.