![]() His desire was for an easier way to see her face-to-face without traveling. He said he envisioned Zoom while he was a college student in the late ’80s as it would take over 10-hours (each way) by train to visit his girlfriend. According to Wallmine, In June 2017, for the first time, the company’s private market value was $1 billion and it happened because Sequoia Capital has invested $100 million.Įric during an interview with Business Matters revealed that the inspiration behind Zoom was to build a video conferencing solution that people love. They had 10 million users by the end of the year 2014 and then in a year, it reached 40 million. Zoom raised $30 million in series C venture capital funding from investors included Yahoo founder Jerry Yang and Dr. Its main goal is to focus on customer and employee happiness. It allows people across disparate devices and locations through frictionless video, voice, chat and content sharing, and enables face-to-face video experiences for thousands of people in a single meeting. ![]() Zoom Video Communications, Inc works for the provision of the video-first communications platform. Zoom raised a $30 million round from Emergence Capital in 2015 after raising another $6.5 million from Li Ka-Shing's Horizons Ventures. Eric was added to the Business Insider list of the 52 Most Powerful People in Enterprise Tech in 2017. As of 2020, he has $5.6 billion shares in Zoom. In 2011, he founded Zoom and He was previously a manager of Web Ex at Cisco, which acquired the video conferencing company in 2007 where he worked for four years and left the firm in June 2011. According to Forbes, he has a net worth of around $6 billion as of 2020 and His major source of income is from the company as he has $5.6 billion shares in Zoom. ![]() Eric Yuan is a Chinese American businessman, entrepreneur and founder of video conferencing startup Zoom Technologies. ![]()
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