Eric S. Yuan
๐ค SpeakerAppearances Over Time
Podcast Appearances
I left Cisco end of June of 2011, and that's how I started Zoom.
And one month later, some top WebEx engineers, they quit and followed me to join Zoom.
Oh, Cisco really doesn't like you, do they?
They are okay.
At that time, they focused on the social networking.
At that time, they thought the overall collaboration strategy should be around the social networking.
I have a different opinion.
They probably thought, I do not understand the collaboration, and they think I will go into a wrong direction.
And when I started, I did read the 3 million seed funding from all the Silicon Valley, you know, angel investors or friends, and some ex-Cisco executives, some former WebEx executives as well.
And then later on raised the A round, B round, C round, and D round.
And the D round led by Sequoia, C round led by Emergency Capital, B round led by Horizon Ventures, A round like Qualcomm Venture, Jerry Yang's EMI Cloud Venture, and some angel investors.
So how much total?
Yeah, in total, we raised $145.5 million.
And most of the A round and B round money, I think, was spent on sales and R&D team.
The C round and D round money is still in the bank.
We did not touch that yet, because we already generated enough cash to help us to invest more into the banking operation or marketing side.
Yeah, we have offices in Denver, Santa Barbara, Kansas, London, Australia, China as well.
We have a little bit over 850,000 unique business domains.
You know, like Uber, like Tesla, Zendesk, Okita.
Those are free.