Who finances Zoom? (2024)

Who finances Zoom?

In June 2011, the company raised $3 million of seed money from WebEx founder Subrah Iyar, former Cisco SVP and General Counsel Dan Scheinman, and venture capitalists Matt Ocko, TSVC, and Bill Tai. In May 2012, the company changed its name to Zoom, influenced by Thacher Hurd's children's book Zoom City.

How was Zoom funded?

In June 2011, the company raised $3 million of seed money from WebEx founder Subrah Iyar, former Cisco SVP and General Counsel Dan Scheinman, and venture capitalists Matt Ocko, TSVC, and Bill Tai. In May 2012, the company changed its name to Zoom, influenced by Thacher Hurd's children's book Zoom City.

Who are the stakeholders in zoom?

Our work is centered around people, and we strive to live our core value of Care towards all of our stakeholders - employees, customers, investors, communities, and the planet.

Is Zoom a startup?

Our $100 million Zoom Apps Fund invests in Zoom developer partners to help our customers meet happier and collaborate even more seamlessly. Ten years ago, Zoom was a startup.

Who owns majority of Zoom?

Largest shareholders include Vanguard Group Inc, BlackRock Inc., ARK Investment Management LLC, ARKK - ARK Innovation ETF, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Sumitomo Mitsui Trust Holdings, Inc., Susquehanna International Group, Llp, Nikko Asset Management Americas, Inc., Newlands ...

Is Zoom Chinese owned?

Eric S Yuan (Chinese: 袁征; pinyin: Yuán Zhēng; born 20 February 1970) is a Chinese-American billionaire businessman, engineer, and the chief executive officer and founder of Zoom Video Communications, of which he owns 22%.

Who are Zoom's biggest customers?

Companies using Zoom for Audio Video and Web Conferencing include: Ayala Corporation, a Philippines based Banking and Financial Services organisation with 60150 employees and revenues of $232.46 billion, Cardinal Health, a United States based Life Sciences organisation with 47040 employees and revenues of $205.01 ...

What is Zoom's net worth?

Zoom Video Market Cap

Zoom Video has a market cap or net worth of $16.34 billion as of February 23, 2024. Its market cap has decreased by -28.23% in one year.

Is Google meet as good as Zoom?

Google Meet is best for small organizations and individuals who want a user-friendly video conferencing solution that's already integrated with Google Workspace. Zoom is preferable for larger organizations with stricter security expectations that need to accommodate more people and provide hosts with advanced controls.

Is Zoom profitable?

Zoom is cash-rich and profitable, yet growth is the missing piece in the bullish investing thesis for this business in 2024. Demitri Kalogeropoulos has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Microsoft and Zoom Video Communications.

Who was the first investor in Zoom?

Venture capitalist and early-stage investor Eugene Zhang was in the right place at the right time. His firm, TSVC, was the first institutional investor in the initial round of funding for Zoom in 2011.

Where is the headquarters of Zoom?

Zoom is headquartered in San Jose, California, the United States.

Does the government own Zoom?

Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California.

Did Google buy Zoom?

The Takeaway. A spokesperson for Google Cloud said the company “has never seriously evaluated acquiring Zoom” and there has never been a “large-scale agreement” for Google employees to use Zoom.

Who owns and operates Zoom?

Eric Yuan is the Founder and CEO of Zoom. He was born and raised in Tai'an, Shandong Province, China.

Does Zoom sell data to China?

According to its SEC filings, Zoom isn't just sending data through China, it also has 13 colocated data centers in Australia, Brazil, Canada, Germany, India, Japan, the Netherlands and the U.S. But the issue with sending data, especially encryption keys, to China is that “Zoom may be legally obligated to disclose these ...

How much does the CEO of Zoom make?

According to a Bloomberg report, Yuan's base salary last year was $301,731, but his total compensation was $1.1 million. With the 98 percent pay cut, the Zoom CEO's new salary for 2023 would be $ 6,034.62.

Why is Zoom blocked in China?

Why is Zoom blocked in China? Zoom, along with several other communication platforms, is blocked in China primarily due to government regulations and control over internet services.

When was Zoom funded?

In April 2011, Zoom began its journey. He left Cisco in April 2011 with 40 engineers to start a new company, originally named Saasbee, Inc. In May 2012, the company changed its name to Zoom, influenced by Thacher Hurd's children's book Zoom City. The very first version of Zoom was released on August 22, 2012.

Is Zoom still profitable?

As a result, most investors will want to simply watch this stock through its next few quarterly announcements. Zoom is cash-rich and profitable, yet growth is the missing piece in the bullish investing thesis for this business in 2024.

How rich is the owner of Zoom?

Yuan was already a billionaire before Covid-19, having taken Zoom public in April 2019 and impressed investors with the combination of fast growth and profitability. Now he's one of the world's 100 richest people. His Zoom shares are worth almost $17 billion, according to FactSet.

Is Zoom company profitable?

Zoom's most recent quarter was another lackluster report of little revenue growth. The company is still profitable by some metrics, but has a lot of work to do.