Yuan: Zoom will not sell, contrasting with WebEx's early acquisition
Eric Yuan · 1014 Zoom CEO on Killing His Old WebEx Baby With $150m+ in ARR · May 4, 2018 · at 3:16
Host Nathan Latka asks Zoom founder and CEO Eric Yuan if Zoom is currently in acquisition talks to sell back to Cisco.
0:00 / 0:25exact quote · 25.3s
720p mp4 · rendered on demand · StarZero watermark
“No, no, no. We don't want to sell the company. And by the way, you know, I was not a CEO, right? So WebEx, you know, the two co-founders and You know, they are already a public company. They wanted to sell the company back in, you know, in our case, you know, in the case of Zoom, we really wanted to build a long-term, sustainable company, focused on delivering happiness to our customers.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Eric Yuan
Yuan: Designing SaaS for artificial customer lock-in is the wrong approach
“We never wanted to make our services sticky. The reason why I think that is wrong direction, because the reason why you want to make it sticky, you always say, hey, this customer don't switch to others. I think that's wrong approach.”
Cisco doubted Zoom's vision, believing enterprise collaboration belonged in social networking
“At that time, they saw it is, you know, they focused on the social networking. At that time, they saw the overall, the collaboration strategy should be around the social networking. I have a different opinion, and they probably thought, I do not understand the…”
Yuan: Zoom has achieved over 100% year-over-year growth for several years
“I think a minimum is 100%, you know, over the past several years, right? You know, and we got to the growth, you know, faster, right? I think that that's kind of a minimum is 100% over the past several years.”
Eric Yuan: Zoom's ultimate goal is connecting one billion users
“I, again, our goal is to connect a billion users to use Zoom.”