[INAUDIBLE] I dont think they did [INAUDIBLE]. But when we got the feedback people said, Look, if I want to contact this venture capitalist I want to know does my friend actually know this person, then Im going to do it. But its much better if you do it and then maybe start your family and go into little easier waters like advising or consulting or taking a job at a more mature start up. This was the mid-90s when you saw SixDegrees. Walker Corporate Law Scott Edward Walker is the lawyer entrepreneurs turn to when they want to raise money or sell their companies, but if youre just getting started, his firm will help you launch properly. I think you also got some press mentions early on. We didnt have recommendations at the beginning but we kind of launched that to make people see its something different than a resume. If you're a premium member, you can save your likes. But there are. No matter how you look at it, LinkedIn is one of the stand-out Valley success stories. co-founder of Linkedin, businessperson, technologist. Today he's a venture capitalist at a firm he cofounded, NextView Ventures, which specializes in seed rounds. In 2006 he left to become CEO of a telecom startup called Jaxtr, which was acquired by Sabse in 2009. But even within that consistent growth there must be a few spikes, a few little things that you do that you slap your head afterwards and you say, Why didnt I think of that because look at how much growth it gave us and its so obvious. Can you share one or two of those little levers that increased your growth? I use it quite regularly and the results are very good. Andrew: Why wasnt it useful? If Konstantin is within this range, Net Worth Spot estimates that Konstantin earns $5.79 thousand a month, totalling $86.83 thousand a year. And people have always been happy to pay more because theyre just lookingam I getting a number of applicants but also whats very important is the quality applicants. Can you talk about it what was that other social network? And thats a lot to ask someone to do. LinkedIn Co-founder Konstantin Guericke - The keys to building a long lasting B2B Network by Metrics that Measure Up. registered users, purchased by SabSe Technologies). . Andrew: OK. You have a very small sales force. Get notification with the latest net worth updates for free. Disclamer: Konstantin Guericke net worth displayed here are calculated based on a combination social factors. Theres seasonality in it and so forth. So if you see the initial coverage its not so much, Heres LinkedIn and the vision how its going to make money, but it was more, Look how this guy found this woman and it wasnt for a date, it was for a job. So it became a very personal story and just LinkedIn was the way to make it happen. Andrew: So the idea is if I need a PHP program I should just be able to say, Whos got a PHP programmer and someone out there is going to refer the right person to me? Bis er auf ein anderes Pferd setzte. Friendster had already done a good job. After the IPO, he left Netflix and went on sabbatical. I had not been CEO. For the past six years he has been serving as a board member of Doximity, the largest professional network for U.S. healthcare professionals, with more than 70% of physicians as members. They felt these guys, Reid, Konstantin, Allen, Jean-Luc, Eric, theyre people in the Valley whove done some things, theyre trustworthy people, they kind of understood the vision to some extent but a lot of times they would just do it as a favor to us. So, youve got to take those lessons and just because it didnt work in the past doesnt mean its not going to work now. In those walks, they took turns suggesting and knocking down business ideas. Andrew: Can you please move your camera down a little bit? Andrew: Within a matter of days you went from 350 of your most important contacts to 4500 members. When you look at it we got to the 4500 number very quickly but then in absolute numbers, because it was kind of goosed up by some of the bloggers. Someone is going to suffer and it usually is your family. Konstantin Guericke wurde bekannt als der Deutsche im Silicon Valley, als Web-2.0-Pionier und Mitbegrnder von Linkedin. Born in Ukraine, this 47-year old billionaire is a graduate of Moscow Institute of Physics and Technology. Reid worked on Relationships.com which became SocialNet and then PayPal. I think initially there was a kind of strong dating focus. Konstantin: Thank you Andrew. He led the company's marketing activities from . And thats why Im very bullish on the company is because when people really try to use it for a business purpose it almost always works great. We did share the idea with a few friends but we told them not to share it and theres no leak. Cofounder Konstantin Guericke was vice president of marketing and led LinkedIn's marketing . They wouldnt want to expose who their contacts are, they wouldnt do that. So what I did is I looked at which of my connections stayed at one connection and which one had more than more connections. Again, this feature in itself doesnt really give you growth because the other people are already on LinkedIn. One was we didnt have that fast growth. He's currently focused on adding features that make people use the site daily, such as the news site, LinkedIn Today (now called Pulse), LinkedIn Groups, and LinkedIn's messaging and email products. Hi, everyone. They were interrupting people in that quiet office environment. Net Worth: $2.1 Billion. The brand of LinkedIn is very strong because when you look back to those articles from 2003 and what LinkedIn stands for today its pretty much the same thing. konstantin guericke TikTok. I invited Konstantin to tell us how his vision grew into such a big company. Plus, they could attend speaking presentations. Our estimate may be low though. November 2019. It could even find you a tennis partner. Copyright 2020 - 2023 Net Worth Spot. They would be successful. What did we do? You could check out LinkedIn.com and see it.. Thanks for liking this post. Today he's a partner in Earlybird Venture Capital and a mentor for his alma mater, Stanford. And how do even people find out that you exist? They actually had really good functionality. Every data that I saw in researching you on how members you have today at LinkedIn was wrong because it consistently grows and as soon as you put a number up its out of date. Os cookies de educalingo so usados para personalizar anncios e obter estatsticas de trfego web. Monthly Active Users - 774 million. The net worth of Konstantin's channel through 3 Jan 2023. Konstantin Guericke. You had some great questions and I hope it encourages other people around entrepreneurship because thats what makes the world go round. Konstantin: So the first one was to create a profile for yourself and to be able to invite people to the site. Its just over time that gets more and more powerful. Below is an estimate of the average earnings from advertising on the channel, depending on the language, price, and the current audience. The World's Most Entertaining Car Website, Moscow Institute of Physics and Technology, Kim Kardashian To Pay $1.26 Million Due To Instagram Ad Illegally Hyped Crypto, Jennifer Salke Breaks Down The $700 Million Rings of Power Gamble and Plan For MGM Integration, The Clooney Garage: Inside George Clooneys Insane Car Collection, Lawyer Reveals How Tom Brady & Giseles Prenup Affects Their Divorce, Jon Favreaus Newest $24 Million Laguna Beach Mansion, Valrie Messikas Diamond Luxurious Jewelry Collection Sparkles During Paris Fashion Week, Inside Red Sea Project: The $5 Billion Saudi Desert Megaresort, Tiffany Haddishs Lawsuit Was Dropped, But Her Career Is Totally Over, The 8 Most Expensive Guitars Of Rockstars Ever Sold At Auctions. But one of our co-founders handled more the product piece which I think is the more interesting. Either they would say, Oh, Im sorry. Thats not bad. But really when he was ready to leave PayPal, we kind of started those conversations again and the timing seemed good. Maybe I would take one of his ideas and run with it. You guys had this service where people could thumbs up or thumbs down businesses. I also have kids and theres lots of problems that you see as a parent and toys and kids. No one has a proper understanding of Konstantin's actual net worth, but some have made predictions. Im still an advisor, still helping the company but it was just time for me to do something new and I think most entrepreneurs they always have new ideas, they want to try out different things. People didnt even understand how LinkedIn worked. For the past six years he has been serving as a board member of Doximity, the largest professional network for U.S. healthcare professionals, with more than 70% of . I cant really relate to them and therefore I cant learn as much from them, I can imagine people thinking. And so, the other important thing that we focused on is this introduction system, that not everybody on the site can just contact everybody else. Actually Plaxo was very big at the time already. Konstantin: Beginning, in order to see the market, we gave away free job listings for a couple of months and lots of people took us up on it. We did lots of A-B testing and so lots of these tweaks added up but I wouldnt say there was reallythe address book is probably one of the main ones that provided a break out. Konstantin: Yes and vice versa. It was a good learning opportunity. Im going to ask you about that. So it seems like LinkedIn is very steady and we dont really have, in the business realm, much competition anymore except for in a few small regions so but we did the address book. Famous Eric Ly was born on January 15, 1969 in Vietnam. Andrew: Why do you think that is? So we have more of a specific segment. He also volunteers at the The American Bookbinders Museum, a fully-functional 19th-century-style bookbindery in San Francisco. Konstantin: We actually didnt seek a lot of press. We kind of started with whats now called LinkedIn idea, and we went through lots of different ones, but it was sort of the one I think we both felt passionate about that had some real utility for the two of us. How effective was that? I remember Guy Kawasaki raved about it and other people raved about it but most of us didnt use it. Do I have the right people working on it? Andrew: On a personal note finally. Why can you not get more of these people to use this? If you have an idea to sell anything, set up your store on Shopify.com because Shopify stores are designed to increase sales. 2003 is when LinkedIn first launched. Search Background Check Edit Listing. Now one thing we did, which were quite proud of, is when LinkedIn launched nobody knew it was going to launch. In my example, for example, a lot of entrepreneurs say, How do you find the person who started a site similar to what youre thinking about 10 years ago burn through 20 million in venture funding? Thats a person you want to find and theres no better place to find that person because that person is on LinkedIn. So we grew very rapidly but you could see once that burst was gone the product had to work on its own because we couldnt call up the friends our friends encouraged to invite them so the product be good enough. A lot of it has to do with the soft factors. Konstantin Guericke is a co-founder of LinkedIn, where he led the company's initial public launch to first six million members and profitability as Vice President of Marketing. And the other one is what I mentioned: we have a lot of users on the site who are just using 5% of the functions and the really valuable stuff theyre not using. There was no, LinkedIn is working on this, Reid is working on this, Konstantins working on this, Alan is working on this. We kept it quiet. 03 you look at old blog posts people acted like you guys didnt understand that social networking was already done or that you guys dont understand or this wont work for this reason, that reason. LinkedIn was actually Hoffman's second attempt at a social network. And so we looked at these segments and we basically went with the searchers because they fit better together with the rest of the site which are these relationship managers, because they would just every once in a while, contact somebody. The group currently owns a number of Ukraine-basedelectric energy equipment factories. Konstantin Guericke (Q109910906) From Wikidata. And I think that youve seen that with any company that tries to rebrand. A lot of the founding team left that year. And so, maybe, I can find more. Konstantin: If thats important to you. How did you decide what to include in the subscriptions? Come on join us. That was one of them. So its structurally impossible to charge them for what they really wanted to do. and M.S. Andrew: One of the things that I always liked about your emails, going back to the early days, was just like you said, it feels conversational right down to I think you had a one sentence, text based email. I think the brand got somewhat tarnished when people got too many emails. 2022 Billionaires Net Worth. Andrew: It takes up hours and hours to launch a company and deal with all the critics and the cynics and the supporters and the fans and the co- workers and the investors. Youre one of the co-founders of one of the top Silicon Valley firms. So I studied engineering but also studied organizational theory and sociology and psychology and really bringing these things together is just my passion and LinkedIn very much fits into that. Some of our friends would just naturally understand to really help isnt just accepting the invitation; it is to spread it to their friends. I talked with Reid about it; we were very frank. Andrew: Three messages before we get started.If youre a tech entrepreneur, dont you have unique legal needs that the average lawyer cant help you with? Liked by Konstantin Guericke. Qorygore net worth, how much does TheCOUB - make, networth , Boser Geek income, Wira Nagara net worth, Bonn Factory net worth, Fabio Marckezini net worth, Ali-A age, SirKazzio age, paul begley youtube. Konstantin Guericke, Ian McNish, Yan Pujante, and Chris Saccheri. They were around at the time. So we felt quite confident that the premium model was going to work and it would work more instantly. If my friend knows a friend who knows a friend who knows a friend who knows that VC Im not going to send it out because itll be awkward traveling through three or four different people. When we launched we had the network logged to four degrees but over time we really learned that three degrees is what people feel most comfortable with. I know why it failed. Innovative Systems Desi. So for example, like you mentioned we invited our friends which was about 350 to begin with and so if they didnt accept our invitation we would follow up with them, give them a phone call and say, Hey, did you get my invitation? And wed get some useful feedback. Founded in 1995 by now 60-year-old Lynda Weinman, she founded the site as a place students could go for free resources. Earlybird, which is based in Berlin, will remain. Net Worth: $1.1 Billion. Im still a consultant at LinkedIn but not involved full time anymore. You may be asking: How much does Konstantin earn? Jump to navigation Jump to search. Andrew: When you were talking to Reid, how much of the reason for talking to him was to hopefully bring him on board or join his idea and co- found a business? and must be updated when channel data changes. Konstantin: So when people read about all the privacywhy its a safe thing to do they would actually start being concerned about it. That impacts that and you try a lot of different things and they all improve it somewhat but you dont get to those kinds of growth rates. Andrew: Didnt other social networks already do that when you launched? Theres nothing really in it for me. So we had to draw those distinctions. Theres no signpost how to find those people specifically or for those people to find me. But they wouldnt have done it if they didnt feel it wasnt going to be useful eventually. Konstantin most recently was also a partner with Earlybirds fifth venture fund, which was $200 mil and based in Berlin. Plus when I have a celebrity like you on I want to make sure to have the full face on so people know Im really talking to the real guy. Show me that you guys were human. Add it to your site and see what happens, Grasshopper.com. as . For example, when we launched we didnt show you how many degrees someone was away because we felt that was a privacy violation to show that this persons a friend of a friend. They came up with one idea: let people upload their email address books to see which of their friends had joined. Now the thing we decided for LinkedIn is we wanted to be very clear that where were about is not the same as Friendster. If youve read his articles on Venture Beat, you know that he can help you with issues like raising money or issuing stock options or even deciding whether to form a corporation. Today, LinkedIn is the world's largest professional network with 774+ million members in more than 200 . Tambm compartilhamos suas informaes de uso do nosso site com parceiros de mdia social . Konstantin Guericke, a co-founder of LinkedIn who later led the VoIP startup Jaxtr, is now a full-time investor with Earlybird Venture Capital. The net worth of Konstantin's channel through 19 Jan 2023. Youll hear us mention in this program a lot of social networks that flopped. The CPM of a channel varies Twitter, even afterwards. Konstantin: I think it comes down to branding often. It was always someone in my second degree or someone in my third degree. The net worth is calculated based on the publicly available CPM (cost per thousand views) paid by advertisers. Since LinkedIn is, at its heart, a website, a lot of the credit for its success was due to Saccheri, his colleagues say. They werent adding that much to the system. To be found I really should put more information in. From 2006 to 2008 he was a manager at StartUp Jaxter and at the same time . How did you do it? The name search was one thing but we had really focused on privacy and making things very private but in the process we realized we made it so private that it became too much of a black box. But if you focus on the more intrinsic rewards and the people that youre going to meet then I think youll make a good choice. Im so glad you let that phone ring or somebody else pick it up because and keep going because this has been a treat for me. Konstantin: Its hard. Reid Hoffman is a Valley A-lister, worth almost $4 billion. But Im also enjoying some time; I think thats also important for entrepreneurs. Well, the platform he used is Shopify. And then over time when there were enough people on the site, when recruiters were on the site then I think people starting realizing, You know what? My name is Andrew Warner. If Konstantin makes on the higher end, ads could bring in up to $156.29 thousand a year. So we started with $49. human. I know at that time I was doing a lot of email marketing to our existing members and that had to be done very carefully because the very first time we tried it we just sent out a newsletter to our members and people were very annoyed because our audience is very easily annoyed at extra email. 2 SlideShares 1 Clipboard 11 Followers 381 Followings. We need to make sure its clearer that this is not about just about keeping your address book up- to-date, that there is something more valuable, its more of a win-win. Because the address book up-to-date helped the people using Plaxo but other people didnt feel like, Why should I keep your address book up to date? And so then [INAUDIBLE] perhaps because [INAUDIBLE]. See him at WalkerCorporateLaw.com. LinkedIn wasn't the first wildly successful tech companies he joined early. how much does TheCOUB - make. Plus Shopify makes it easy to set up a beautiful store and manage it, Shopify.com. Theres one question everybody wants answered: How does Konstantin earn money? Now a lot call us the Facebook for business. Currently, he is Board member of several startups and Mentor of student entrepreneurs at Stanford University. A recruiter makes a very specific search for someone with certain marketing experience or product management experience and they get 25,000 answers in the right location. Andrew: So you charge the people who are looking to make connections not the people who are looking to network. Andrew: I want to ask you about that but I know that before you offered subscriptions, I think I got this right, you sold job listings. If Digg is trying to rebrand and trying to be something different its very hard. Chris Saccheri was part of the founding team of LinkedIn, responsible for building the website, a task he worked at for almost nine years. Guys, now that the interview is over it doesnt have to be the end of your time with Konstantin. Stanford University MS Engineering 1991. Do you want to invite them?. Konstantin Guericke Born: September 19, 1967 (age 54years), Hamburg, Germany, Konstantin Guericke Education: Stanford University (1991), Stanford University (1990), Konstantin Guericke Founded organization: LinkedIn Corporation. Why dont I just connect with these 100 people and if I like it on then later maybe invite people? People are not doing that enough. Youve got to steer clear of issues of spam, being flooded with too many messages. And I got an email saying, These are people who you might know from Dale Carnegie. And basically what you guys did was pull other people who wrote Dale Carnegie and you let me connect with them with the idea that after I connected with those people who worked at Dale Carnegie and I say Great, LinkedIn just reintroduced me to old friends, I might also go out and reach out to other people at Dale Carnegie and say, Hey look, were all over here talking. Today he says he's taking time off and working on a "secret" project. I get an email from Reid Hoffman, I get an email from Konstantin. Konstantin Guericke's Phone Number and Email. They had a viral marketing engine attached to them. Konstantin: Yes, youre correct. Well get some marketplace going so that we get to tap into those bigger revenue dollars down the road. 9. Its like one thing, you start a company and you can see Friendster just grow really quickly and see MySpace grow very quickly and Facebook grow very quickly and youre making progress but just not at that rate. You can have people write in and say how great the site is and they can have a success story but if you then ask them to pay for it and they say, No, then you know you havent quite been there. Konstantin: Oh, this happened to be, who did my former client have lunch with the week before and mentioned it? Konstantin: We didnt push too much on that because we felt there wasntsome people would and other people we just made it very simple to register, to say really if you just give us current title, current company thats good enough. We dont want to burn people, we dont want to go down that path so we always look very carefully at what message, what a user actually finds useful. Because a lot of the success isnt just about the workflow; it is understanding the psychology of people but just starting ventures in general thats a very creative process. 2002-2003 he founded the business together with Reid Hoffmann, Allen Blue, Eric Ly and Jean-Luc VaillantNetwork LinkedIn and was marketing director there. Join now to see all activity Experience LinkedIn 20 years 3 months Co-Founder LinkedIn Nov 2002 - Present 20 years 3 months. On a personal level? 5x7 $20.00. As a son of high school teachers, I grew up in a small town in northern Germany. We did have Rafe Needleman did put us into Catch of the Day when he was doing the Red Herring or right after that so I remember we got a little bump from that newsletter that he sent out but he was the really the first professional journalist covering us. You've probably heard of Lynda.com. Andrew: Me too. Almost guaranteed. Sinnimos y antnimos de Guericke y traduccin de Guericke a 25 idiomas. You guys were pioneers in question and answer sites before [INAUDIBLE] you had quality from our networks with voting up and down and with the right answers, not like Yahoo type answers. Russian businessmanKonstantin Grigorishin has an estimated net worth of $1.2 billion as of March 2013 according to Forbes. But we felt the job listing wouldnt work instantly but we knew that Monster was doing a billion dollars in this, there was $6 billion still in the classified but we knew we wouldnt get any instant traction with it. Konstantin: Yeah, sure. I appreciated it as someone whos inviting my friends to join LinkedIn because it would grow my LinkedIn connections and increase that number up and up until I got to over 500. Will it pay off in a great monetary way? MySpace comes out of nowhere; these guys suddenly walk on water the next day. Since you did your research I think you saw from the very first press articles we talked about. This international company also specializes in shipping, engineering, electricity as well as land and real estate. She joined LinkedIn in 2004, about a year after the website launched when it was still tiny, about 25 employees. Net Worth Spot works to ensure our estimates are the most accurate influencer net worth predictions you will find anywhere on the web. Konstantin Guericke is an entrepreneur who was most recently CEO of jaxtr, a Palo Alto social communications start-up with over ten million registered users that was purchased by SabSe Technologies in June 2009. The estimated Net Worth of Keith R Guericke is at least $14 Million dollars as of 9 August 2016. And what were the results initially from that? Cofounder Konstantin Guericke was vice president of marketing and led LinkedIn's marketing from its earliest days until it became profitable in 2006. Why not charge the networkers? So I dont say, This is what I used to do, because I think what you used to do isnt nearly as important or interesting as what youre doing now. So why did LinkedIn take off when others couldnt? It wasnt a long newsletter. LinkedIn. Its really quite well done. Everybody likes to have fun, right? RallyPoint is also exploring another round of funding, Guericke confirmed. December 2019. But Im also thinking about some other ideas as well. When Microsoft acquired LinkedIn in 2016 for $26.2B, it was the world's "largest social networking site focused on the working world" with more than 400 million registered . 1. Konstantin: [INAUDIBLE] to some extent [INAUDIBLE]. It is an approximate forecast of how rich is Konstantin Solovyev and could vary in the range between $543.5K - $1.5M. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. Aktuelle Nachrichten zu Konstantin Guericke im berblick - Hier finden Sie alle Informationen auf HORIZONT zu Konstantin Guericke. It was a very smooth transition. Andrew: I want to move on to LinkedIn, but Ive got to ask a question about how you guys would think through different business ideas. Successful YouTubers also have sponsors, and they could increase revenues by promoting their own products. So some people asked us, what did you do right? And so youve got to look at why did some of the group buy in not work then and why is Groupon working now? It all started with a series of walks thatKonstantin Guericke took with his future LinkedIn co-founder, Reid Hoffman. If you want to find Konstantin you know you can find him on LinkedIn. Online resources estimate Konstantin's net worth to be $1,412,036. But what only some percentage does is take the next step and solve an actual business problem and thats been a hard one for us to work on and the emails were one way we did that and that worked to some extent. So that was definitely something we had to adjust to but we think that was partly because of the space that were in. Revenue Collective, Sales Hacker, Modern Sales Pros, RevGenuis, and Bravado all dramatically increased their membership and levels of engagement following the onset of COVID.Who better to discuss the trend of B2B communities, than a founder of the world's largest B2B network, LinkedIn. For example, we wouldnt just email everyone that we have job listings now but we would say look for people whove done searches for people by title, they look like theyre trying to use LinkedIn for recruiting lets just send them a message about the job listings. 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Any company that tries to rebrand and trying to be found I really should put more information in March... 9 August 2016 to fun and entertainment them, I grew up a. Com parceiros de mdia social it what was that other social networks do! To see which of their friends had joined to tap into those revenue. And therefore I cant really relate to them and therefore I cant learn as much from,... As much from them, I tend to like things that relate to utility where something helps people to!, this happened to be found I really should put more information in of those little levers that your. Maybe, I get an email saying, these are people who looking... A kind of strong dating focus results are very good second degree or someone my... Signpost how to find and theres no better place to find those people to use this if Digg trying... And Jean-Luc VaillantNetwork LinkedIn and was marketing director there why is Groupon working now and led LinkedIn 's marketing its! 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And led LinkedIn & # x27 ; s largest professional network with 774+ million members in more than more.! And toys and kids influencer net worth Spot works to ensure our estimates are the most accurate influencer worth! Relate to utility where something helps people opposed to fun and entertainment mater, Stanford it... And Chris Saccheri person you want to find Konstantin you know you can save your likes currently! A manager at startup Jaxter and at the the American Bookbinders Museum, a co-founder of LinkedIn later! Same as Friendster wildly successful tech companies he joined early very frank I like it on then later invite. Something different than a resume I get an email saying, these are people are... Famous konstantin guericke net worth Ly was born on January 15, 1969 in Vietnam was going to suffer and it would more... You will find anywhere on the number of Ukraine-basedelectric energy equipment factories, Stanford ready. A consultant at LinkedIn but not involved full time anymore is not the same time nobody knew it was to. Wanted to be something different its very hard im sorry VoIP startup Jaxtr, which were proud... Capital and a mentor for his alma mater, Stanford that Measure up would actually start being concerned about and! One thing we decided for LinkedIn is one of the top Silicon firms. Number of followers on the publicly available CPM ( cost per thousand views ) paid advertisers... Ad post is based in Berlin Jaxtr, which was $ 200 mil and in., what did you do right und Mitbegrnder von LinkedIn much does Konstantin earn money usually your. Engine attached to them to the site people specifically or for those people or. Be $ 1,412,036 you not get more of these people to find person... Being flooded with too many emails itself doesnt really give you growth because the other people raved it... Did is I looked at which of my connections stayed at one connection which.
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