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

NotJordanPeterson lets you generate uncannily realistic Jordan Peterson sound bites

Love him or hate him, Canadian psychologist Jordan Peterson has undeniably captivated the interest of supporters and critics alike, earning a reputation as a “rock star” academic – similarly to his colleague and debate rival Slavoj Zizek. Now he’s being replicated, by AI. While you can easily find hours of footage with Peterson, none of what you hear in this piece comes from his mouth. Instead, it’s been produced by a neural network – called NotJordanPeterson – which has been trained to mimic the voice of the psychologist. And the resemblance is… absolutely uncanny. Check out these examples we generated… This story continues at The Next Web from The Next Web https://ift.tt/306hAGA
Post a Comment
Read more

Partech raises $100M to back startups supporting new post-coronavirus reality

French venture capital firm Partech has raised a $100 million Seed fund to invest in post-COVID19 trends in health, work, commerce, finance, mobility, and computing. Partech, which has in the past backed UK data startup Privitar and French fintech company October, will be scouting the European, US, and Asian ecosystems. [Read: What’s venture capital and why does it matter for startups?] “While 3 billion people are confined at home, digitalization is bound to dramatically accelerate across sectors and ‘remote’ is emerging as a new standard,” reads the announcement post. “This redefines how people live, work and consume, while businesses have to… This story continues at The Next Web from The Next Web https://ift.tt/35cPpJ9
Post a Comment
Read more