From China, Yuan had seen the rise of American Internet companies, such as Netscape and Yahoo. That’s just great.’ If we have this, many years ago, that’d be awesome.” - Eric Yuan Founder of Zoomįast-forward 10 years or so to 1997. It’s more like a daydream, right? So I never thought about video conferencing, but later on when I saw the FaceTime when I built Zoom I feel like, ‘Wow. “And quite often, I was thinking, in the future, if you can have something like a small device where you can the press one button, you can see someone, you can talk with someone. All the while, Yuan dreamed of a handheld device that would enable two people to see and speak with each other from anywhere in the world. Yuan and his girlfriend attempted to navigate the pitfalls of long-distance dating.
Yuan’s girlfriend at that time was also studying in China, but at a college several hours and multiple train rides away. In the late ’80s, Yuan was a freshman studying applied mathematics and computer science at the Shandong University of Science and Technology, in China’s Shandong Province. 2011-2013: From Shandong Province to Silicon ValleyĮric Yuan had been thinking about video-conferencing technology for more than 20 years before he quit his job at Cisco to start his own company. However, before Yuan could realize his vision, he needed funding––and he got it from a former colleague at Cisco, who believed in that vision.
Yuan was convinced there had to be a better way for people to collaborate via online video.
Not only that, but the company also achieved profitability very quickly, thanks to Yuan’s lean, focused approach to product development and his customer centricity. In just four years, Zoom’s video-conferencing product went from scrappy upstart to being used by tens of millions of people around the world. Undeterred, Yuan did what any confident entrepreneur would do, he promptly resigned to start his own company. Despite the fact that WebEx had been a costly acquisition, and the product was an important part of Cisco’s business. In 2011, Cisco’s then-VP of engineering, Eric Yuan, tried to persuade his fellow executives that they urgently needed to improve WebEx, Cisco’s web-conferencing product.Īt that time, Cisco’s strategy for web conferencing didn’t involve improving existing products.
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