Zoom’s CEO emigrated from China 22 years ago and spoke little English — now he’s worth almost $3 billion
Not even Eric Yuans closest friends, oldest advisers and earliest investors thought Zoom needed to exist. It was 2011, and the market was littered with videoconferencing systems from Google, Skype, GoToMeeting and Cisco, where Yuan had been leading WebExs engineering team.
He came to a market that everybody said was done, said Dan Scheinman, Ciscos former head of corporate development whos now an angel investor and Zoom board member. He was competing with free and some pretty big incumbents.