Skip to main content

3 reasons why almost every VC investor passed on Zoom


We now live in a Zoom world. Since founding the now-iconic video-conferencing company in 2011, Eric Yuan has elevated Zoom to one of the most successful SaaS businesses in recent history. With 400,000 paying customers, $600+ million in quarterly revenue, and a market cap north of $100 billion, Zoom is ubiquitous in post-pandemic 2020.  But when Yuan was raising his Series A round back in 2012, dozens of institutional venture capital firms — including those focused on early-stage, cloud, and mobile deals — passed on Zoom. Why, and what can investors and entrepreneurs learn from these reasons? Zoom’s early days…

This story continues at The Next Web

from The Next Web https://ift.tt/3qT7vcV
Labels:

Comments

Post a Comment

Popular posts from this blog

TNW Podcast: Boris comes over to co-host; Slack’s Cal Henderson talks European tech

 Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In today’s episode, Andrii is joined by Boris Veldhuijzen van Zanten, co-founder, member of the board, and former CEO of TNW. The topics discussed include the jobs created by Dutch startups, giant state funding for energy projects, translations of the word ‘computer’, and a bunch of other things in between. In the interview section, we’re featuring a conversation with Cal Henderson, co-founder and… This story continues at The Next Web from The Next Web https://ift.tt/jUgcNFD
Post a Comment
Read more

All I want for Christmas is Opel’s electric restomod

This year I’v decided I’m going to ask explicitly what I want for Christmas. And all I want is the Opel Manta GSe ElektroMOD. Opel unveiled this beauty in May and since then I just can’t stop thinking about it. I mean, just look at it… Credit: Opel Yes, I’m sucker for reimagined classic vehicles, and I have to say that Opel has done an amazing job here. The traditional proportions of the new EV instantly recall the Manta A, the 1970s classic coupe, only now it’s equipped with an electric heart. And coming with a 108 kW electric motor… This story continues at The Next Web from The Next Web https://ift.tt/3qoFdZi
Post a Comment
Read more

Google’s ‘time crystals’ could be the greatest scientific achievement of our lifetimes

Eureka! A research team featuring dozens of scientists working in partnership with Google‘s quantum computing labs may have created the world’s first time crystal inside a quantum computer. This is the kind of news that makes me want to jump up and do a happy dance. These scientists may have produced an entirely new phase of matter. I’m going to do my best to explain what that means and why I personally believe this is the most important scientific breakthrough in our lifetimes. However, for the sake of clarity, there’s two points I need to make first: Time crystals are a… This story continues at The Next Web Or just read more coverage about: Google from The Next Web https://ift.tt/3fdRQlg
Post a Comment
Read more