A mentor once told Zoom CEO Eric Yuan that the company's IPO would be like graduating from high school. “You go celebrate one day, and that’s it,” Yuan says. “You don’t want high school to be the peak of your performance, right?”
, his bashful grin giving way to a look of focus as he said, “A new game starts today.” Sure, his startup wasn’t as well-known as Lyft and Pinterest, two consumer companies that also just made their IPO debuts. But to anyone familiar with Yuan, the shock wasn’t how he got there. It’s that he was physically present at all., which provides video conferencing software over the internet, Yuan practices what he preaches.
With hypergrowth comes risk, of course, and Zoom still must prove it can continue to best its competitors: massive companies, like Google and Microsoft, that scared off most venture investors in Zoom’s early days eight years ago. Cisco, Yuan’s former employer, may privately rue letting him leave, but it’s not shying away from a fight.
Within months, Yuan realized he wanted to target the video conferencing business again. The VCs had reason to be skeptical. With Microsoft owning Skype, Google in the market via Hangouts and Cisco still leading in market share, video conferencing had entrenched incumbents; there were also multiple startups, including the well-funded BlueJeans Network. “It would require flawless execution to win,” says one investor who passed on Zoom.
, the famed venture firm had been fighting to get a piece of it for more than two years. “We were going through all the due diligence, and I remember saying there have to be a thousand Eric Yuans in the world, because everyone we spoke to, they knew Eric, big or small,” says Sequoia partner Carl Eschenbach.
veteran he hired away from BlueJeans Network three years ago. But you’ll seldom find Yuan there. A few times a year, the CEO takes a temporary desk with a team he wants to focus on by sitting side-by-side, marking his choice with two small family portraits and a stack of books to give out. Yuan’s been with the engineers since Zoom announced a voice product in October, now called Zoom Phone.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Zoom Technologies soared 56,000% in the past 30 days — as unrelated Zoom Video prepared its IPOMuch has been made of the buzzy public debut of Zoom Video Communications Inc., the enterprise videoconference software company with a $1 billion valuation,...
और पढो »
Zoom, Zoom, Zoom! The Exclusive Inside Story Of The New Billionaire Behind Tech’s Hottest IPOZoom's IPO wowed Wall Street. Behind the $16 billion market cap bonanza: new billionaire Eric Yuan, the immigrant founder whose video conference app just works better.
और पढो »
Zoom, Zoom, Zoom! The Exclusive Inside Story Of The New Billionaire Behind Tech’s Hottest IPOZoom's IPO wowed Wall Street. Behind the $16 billion market cap bonanza: new billionaire Eric Yuan, the immigrant founder whose video conference app just works better.
और पढो »
Zoom, Zoom, Zoom! The Exclusive Inside Story Of The New Billionaire Behind Tech’s Hottest IPOZoom's IPO wowed Wall Street. Behind the $16 billion market cap bonanza: new billionaire Eric Yuan, the immigrant founder whose video conference app just works better.
और पढो »
In a unicorn IPO race, Pinterest is run down at the wire by longshot ZoomTwo tech companies had different receptions from investors in their Wall Street debuts Thursday, as the much-anticipated consumer unicorn company Pinterest’s...
और पढो »
Zoom Opens 81% Higher in Trading DebutZoom Video Communications rose sharply Thursday to above $60 after pricing shares in its closely followed initial public offering at $36 apiece.
और पढो »
Zoom stock soars 75% after IPOShares of Zoom Video Communications Inc. have jumped 75% in their first day of trading on Thursday. The first trade was executed for $65 at 11:23 ET. Zoom...
और पढो »
Pinterest and Zoom indulge in IPO micro-agressionBoth tech companies sold shares for more than underwriters previously indicated. True, market debuts give little indication of long-term success. When insiders already hold supervoting shares, though, leaving a bit less on the table is a gentle reminder of who calls the shots.
और पढो »
Zoom starts trading at $65 per share, 80 percent above IPO priceVideo conferencing company Zoom Video Communications opened at $65 per share on ...
और पढो »
Pinterest and Zoom indulge in IPO micro-aggressionBoth tech companies sold shares for more than underwriters previously indicated. True, market debuts give little indication of long-term success. When insiders already hold supervoting shares, though, leaving a bit less on the table is a gentle reminder of who calls the shots.
और पढो »