What are the lessons here that can help with your own venture? All in all, the formula has been spot on. The company’s most recent funding round, a … (AP Photo/Mark Lennihan)Nasdaq is ready for the Zoom IPO, Thursday, April 18, 2019 in New York.
As of today, Zoom is growing at 100%+ and is profitable. Investors on Thursday pounced on their first chance to buy shares of Zoom Video Communications, the video-conferencing company that had its initial public offering of stock.
2 Zooms soared after the IPO: Did you buy the wrong one?
The videoconferencing company is headquartered in San Jose, California.
It proved fortuitous as the company would revolutionize the conferencing market.Then by 2007, WebEx sold out to Cisco and unfortunately, the innovation started to lag. In 2011 he started Zoom, raising a seed round from a variety of angels.As should be no surprise, Eric was fairly unconventional in his strategy -- that is, by the standards of Silicon Valley. The success behind Zoom isn't that surprising. 2019, in New York. It shares surged 72.2% from their IPO price of $36.But others may have mistakenly bought Zoom Technologies, a company whose stock was trading for less than a penny in February and whose shares were delisted from the Nasdaq in 2014. Employees and guests of Zoom celebrate at Nasdaq as the company holds its IPO, Thursday, April 18,While much of the attention for IPOs this year has been on high-profile operators like Slack, Lyft, Uber and Pinterest, the standout deal has so far been All this is the vision of Eric Yuan, the company's founder and CEO.Here's a backgrounder: While attending college in China during the 1980s, he majored in Computer Science because he admired tech entrepreneurs like Bill Gates. What Zoom's IPO says about the video collaboration space. (AP Photo/Mark Lennihan) As of today, Zoom is growing at 100%+ and is profitable. 2 Zooms soared after the IPO: Did you buy the wrong one?Family, police offer starkly different views of Jacob Blake in wake of shootingSenate GOP poised to offer slimmer COVID-19 relief bill after Mnuchin testimony Amid tensions in Kenosha, Trump tours damaged businesses, meets with law enforcement Trump floats conspiracy theory, without evidence, about plane 'loaded with thugs'Nasdaq is ready for the Zoom IPO, Thursday, April 18, 2019 in New York. Behind the $16 billion market cap bonanza: new billionaire Eric Yuan, the immigrant founder whose video conference app just works better.
Well, let’s take a look:The bottom line: Zoom has a Net Promoter Score (NPS) over 70.“Zoom succeeded when so many others didn't,” said Roy Raanani, who is the co-founder and CEO of But like any entrepreneur, Eric was convinced of his vision.
He understood that there was much that could be done in the industry, which was not investing enough in new technologies.“The Cardinal rule for any startup: Solve a really big problem and solve it well,” said Jamie Sutherland, who is the founder and CEO of Tom (@ttaulli) is the author of Artificial Intelligence Basics: A Non-Technical Introduction ( https://amzn.to/2InAZeT) and The Robotic Process Automation Handbook: ATom (@ttaulli) is the author of Artificial Intelligence Basics: A Non-Technical Introduction ( https://amzn.to/2InAZeT) and The Robotic Process Automation Handbook: A Guide to Implementing RPA Systems ( Opinions expressed by Forbes Contributors are their own. A company called ZoomInfo went public on Thursday.
Zoom raised $356.8 million in its IPO, with existing stakeholders selling additional shares. Eric tried to push for change but he was mostly rebuffed. There are also 50,000 corporate customers and 344 of them pay over $100,000 a year.OK then, what are the takeaways for entrepreneurs?
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