The coronavirus pandemic bruised and hit many tech startups, but also increased slightly. One such company Zoom which took on the task of maintaining contact with each other in the context of remote work and social distance.
Yuan moved to Silicon Valley in 1997 after a nine-fold denial of a work visa. He got a job at WebEx and, after the acquisition of Cisco, became vice president of engineering at the company. He put forward the idea of creating a video conferencing system friendly to mobile devices, which was rejected by its leaders.
And thus, Zoom was born.
Zoom was launched in 2011 and quickly became one of the largest teleconferencing platforms in the world, competing with the likes of Google and Cisco. The company has investors such as Emergence, Horizon Ventures, and Sequoia, and is ultimately made publicly available in 2019.
With one of the most reliable video conferencing programs on the market, a multi-level pricing structure that is convenient for medium-sized users and large enterprises, as well as a vibrant ecosystem of apps and bots at the Zoom App Marketplace, Zoom was quite ready to become a public company. Actually, Zoom jumped 81 percent on its first day of trading on the Nasdaq, having received at that time an estimate of $ 16 billion.
But few could prepare the company for the explosive growth that it will see in 2020.
The coronavirus pandemic required access to reliable and user-friendly video conferencing software for everyone, not just companies moving to remote work. People used Zoom for family dinners, cocktail hours with friends, first dates, and religious gatherings.
In fact, Zoom reported 300 million daily active members in April.
But this growth has led to increased control of the business and product. The company was surrounded security issues and had to suspend product innovation in order to focus on solving these problems.
We will talk with Yuan about the growing difficulties that the company has encountered, its plans for the future of Zoom, accelerating changes in user behavior and much more.
This will be a conversation that you do not want to miss.
Break 2020 runs from September 14 to September 18, and the show will be completely virtual. This means that it is easier than ever to attend and participate in the show. There are only a few Digital Pro Passes left at a price of $ 245 – as soon as they disappear, prices will rise. Discounts are available for current students and nonprofit / government employees. Or, if you are a founder, you can demonstrate and be able to attract potential customers even before the event starts at your virtual booth for $ 445. Get your tickets today,