When I started hearing about "Zoom" several years ago, my brain was pre-programmed. I now laugh to think that I was confusing Zoom with Zoom the TV series, with kids speaking their own language, Ubbi-Dubbi.
Zoom (the modern version) is the hot video meeting startup that just filed to go public. And it is profitable.
Zoom founder and CEO Eric Yuan owns 22% of Zoom, which was founded in 2011. Eric was previously VP of Engineering at the video conferencing company WebEx. Eric joined Cisco in 2007 when it bought WebEx for $3.2 billion.
Zoom sells subscriptions for enterprise-grade video conference services, used by companies like - well - like EVERYONE.
Does Zoom have competitors? Many.
Cisco's WebEx, Microsoft's Skype, Google and LogMeIn to name just a few. What does Zoom have that their competitors do not have?
Zoom has gained popularity by creating an easy-to-use service that works smoothly on mobile devices and is affordable for small groups and teams, which has created a wide and diversified customer base. Zoom's top 10 customers account for less than 10 percent of revenue. It's thousands of clients include Conde Nast, Uber and Williams-Sonoma.
Here is the point. Google "Eric Yuan Best CEO"
Eric Yuan was ranked #1 on Glassdoor's annual list of best-rated CEOs. CEO Approval Rating: 98%
From his interview:
The top-rated CEO in the U.S. is a Chinese immigrant.
The top-rated video conferencing service in the U.S. is Zoom.
Do you Zoom? If you don't, you soon will.
And that's a good thing.
Zoom Trade Show Booth - Enterprise Connect 2019