{"id":15103,"date":"2019-05-17T19:36:47","date_gmt":"2019-05-17T19:36:47","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/under-the-hood-on-zooms-ipo-with-founder-and-ceo-eric-yuan.html"},"modified":"2019-05-17T19:36:47","modified_gmt":"2019-05-17T19:36:47","slug":"under-the-hood-on-zooms-ipo-with-founder-and-ceo-eric-yuan","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/under-the-hood-on-zooms-ipo-with-founder-and-ceo-eric-yuan.html","title":{"rendered":"Under the hood on Zoom\u2019s IPO, with founder and CEO Eric Yuan"},"content":{"rendered":"

Extra Crunch offers<\/span> members the opportunity to tune into conference calls led and moderated by the TechCrunch writers you read every day. This week, TechCrunch\u2019s Kate Clark sat down with Eric Yuan, the founder and CEO of video communications startup Zoom, to go behind the curtain on the company\u2019s recent IPO process and its path to the public markets.<\/p>\n

Since hitting the trading desks just a few weeks ago, Zoom <\/a> stock is up over 30%. But the Zoom\u2019s path to becoming a Silicon Valley and Wall Street darling was anything but easy. Eric tells Kate how the company\u2019s early focus on profitability, which is now helping drive the stock\u2019s strong performance out of the gate, actually made it difficult to\u00a0get VC money early on, and the company\u2019s consistent focus on user experience led to organic growth across different customer bases.<\/p>\n

\n

Eric:<\/strong> I experienced the year 2000 dot com crash and the 2008 financial crisis, and it almost wiped out the company. I only got seed money from my friends, and also one or two VCs like AME Cloud Ventures and Qualcomm Ventures.<\/p>\n

nd all other institutional VCs had no interest to invest in us. I was very paranoid and always thought \u201cwow, we are not going to survive next week because we cannot raise the capital. And on the way, I thought we have to look into our own destiny. We wanted to be cash flow positive. We wanted to be profitable.<\/p>\n

nd so by doing that, people thought I wasn\u2019t as wise, because we\u2019d probably be sacrificing growth, right? And a lot of other companies, they did very well and were not profitable because they focused on growth. And in the future they could be very, very profitable.<\/p>\n<\/blockquote>\n

\"\"<\/p>\n

Eric and Kate also dive deeper into Zoom\u2019s founding and Eric\u2019s initial decision to leave WebEx to work on a better video communication solution. Eric also offers his take on what the future of video conferencing may look like in the next five to 10 years and gives advice to founders looking to build the next great company.<\/p>\n

For access to the full transcription and the call audio, and for the opportunity to participate in future conference calls, become a member of Extra Crunch.\u00a0Learn more and try it for free.<\/a>\u00a0<\/em><\/strong><\/p>\n

Kate Clark<\/b>: Well thanks for joining us Eric.<\/p>\n

Eric Yuan<\/a><\/b>: No problem, no problem.<\/p>\n

Kate<\/b>: Super excited to chat about Zoom\u2019s historic IPO. Before we jump into questions, I\u2019m just going to review some of the key events leading up to the IPO, just to give some context to any of the listeners on the call.<\/p>\n

\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/AHpgJYNU8Zw\/<\/p>","protected":false},"excerpt":{"rendered":"

Extra Crunch offers members the opportunity to tune into conference calls led and moderated by the TechCrunch writers you read every day. This week, TechCrunch\u2019s Kate Clark sat down with <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-15103","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t