2011
Eric Yuan raised a $3 million seed round for Zoom from friends after venture capitalists declined to invest.
“And finally, I talked to some friends and raised the $3 million seed funding.”
Topic
Eric Yuan
6 facts from 1 episode, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
2015
Zoom Video Communications had no marketing team for its first four years and began building one in 2015, according to Eric Yuan.
“Only until 2015, we started, you know, building up a marketing team.”
2020
Eric Yuan said Zoom's usage rose roughly 15 to 20 times and its revenue about seven times after COVID, and his leadership team was not ready for that growth.
“like usage, like 15 times, 20 times more. The revenue, like seven times more.”
Undated
Eric Yuan was a regional founding team member of WebEx before he left Cisco to start Zoom.
“So for me, it's very straightforward because I was a regional founding team member of WebEx.”
Undated
Zoom's early team grew to about 40 people, and Eric Yuan said everyone except himself was an engineer, funded by angel money.
“Very soon, we get another 15, total of 40 people, and myself included.”
Undated
Eric Yuan said most early Zoom users paid only $9.99 a month, which was too little to fund product development.
“because most of users pay us only for $9.99 a month.”
Episodes