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Eric S. Yuan

๐Ÿ‘ค Speaker
175 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

I left Cisco end of June of 2011, and that's how I started Zoom.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

And one month later, some top WebEx engineers, they quit and followed me to join Zoom.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

Oh, Cisco really doesn't like you, do they?

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

They are okay.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

At that time, they focused on the social networking.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

At that time, they thought the overall collaboration strategy should be around the social networking.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

I have a different opinion.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

They probably thought, I do not understand the collaboration, and they think I will go into a wrong direction.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

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.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

And then later on raised the A round, B round, C round, and D round.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

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.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

So how much total?

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

Yeah, in total, we raised $145.5 million.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

And most of the A round and B round money, I think, was spent on sales and R&D team.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

The C round and D round money is still in the bank.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

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.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

Yeah, we have offices in Denver, Santa Barbara, Kansas, London, Australia, China as well.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

We have a little bit over 850,000 unique business domains.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

You know, like Uber, like Tesla, Zendesk, Okita.

SaaS Interviews with CEOs, Startups, Founders
1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR

Those are free.